Statement of Financial Position

(in millions of dollars)
						As of 30 Jun 04	As of 31 Dec 04
Statement of Financial Position
	Assets
		Assets - Current
			Cash, Cash Equivalents and Short-Term Investments
				Cash and Cash Equivalents
					Cash and Cash Equivalents - Total	15,982	4,556
				Short-Term Investments		44,610	29,948
				Cash, Cash Equivalents and Short-Term Investments - Total		60,592	34,504
			Accounts Receivable, Net of Allowances			5,890	6,646
				Allowance for Doubtful Accounts		166	211
			Inventories, Net			421	304
			Deferred Income Taxes - Current			2,097	1,301
			Other Assets - Current			1,566	1,644
			Assets - Current - Total			70,566	44,399
		Property and Equipment, Net				2,326	2,336
		Equity and Other Investments				12,210	12,160
		Goodwill				3,115	3,105
		Intangible Assets, Net				569	494
		Deferred Income Taxes				1,829	1,127
		Other Long-term Assets				1,774	1,320
		Total Assets				92,389	64,941
	Liabilities and Stockholders' Equity
		Liabilities
			Current Liabilities
				Accounts Payable		1,717	1,573
				Accrued Compensation		1,339	1,098
				Income Taxes		3,478	3,506
				Short-term Unearned Revenue		6,514	6,267
				Other		1,921	2,601
				Total Current Liabilities		14,969	15,045
			Long-term Unearned Revenue			1,663	1,699
			Other Long-term Liabilities			932	965
		Stockholder's Equity
			Common stock and paid-in capital			56,396	58,403
			Retained Earnings (Deficit), including accumulated other comprehensive income			18,429	-11,171
				Other Accumulated Comprehensive Income		1,119	1,803
			Total Stockholders' Equity			74,825	47,232
		Liabilities and Stockholders' Equity - Total				92,389	64,941