31 CONSOLIDATED BALANCE SHEETS In thousands of dollars Liabilities and shareholders’ equity Dec. 30, 2001 Dec. 31, 2000 Current liabilities Accounts payable Trade $ 320,280 $ 455,390 Other 34,342 37,853 Accrued liabilities Compensation 120,015 144,535 Interest 2,178 4,051 Other 112,900 177,318 Dividend payable 60,947 58,118 Income taxes 323,481 144,599 Deferred income 153,594 152,137 Total current liabilities 1,127,737 1,174,001 Deferred income taxes 503,397 274,829 Long-term debt 5,080,025 5,747,856 Postretirement medical and life insurance liabilities  409,052 403,528 Other long-term liabilities 239,968 276,787 Total liabilities 7,360,179 7,877,001 Shareholders’ equity Preferred stock, par value $1: Authorized, 2,000,000 shares: Issued, none Common stock, par value $1: Authorized, 800,000,000 shares:  Issued, 324,420,732 shares, as to both years 324,421 324,421 Additional paid-in capital 210,256 170,715 Retained earnings 7,589,069 6,995,965 Accumulated other comprehensive loss (103,287) (66,274) 8,020,459 7,424,827 Less Treasury stock, 58,623,520 shares and 60,148,871 shares,  respectively, at cost (2,275,737) (2,307,793)  Deferred compensation related to ESOP (8,800) (13,624) Total shareholders’ equity 5,735,922 5,103,410 Commitments and contingent liabilities  Total liabilities and shareholders’ equity  $ 13,096,101 $ 12,980,411 The accompanying notes are an integral part of these consolidated financial statements.