A Dark Vector Cognition product

Item 6. Selected Financial Data

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Item 6. Selected Financial Data

In millions except per share amounts20142013201220112010
Operating revenues$14,484$14,135$14,791$14,515$12,625
Income from continuing operations1,8901,6302,2331,7751,258
Income per share from continuing operations:
Basic4.703.654.753.612.51
Diluted4.673.634.723.592.50
Total assets at year-end17,67819,96619,30917,98416,412
Long-term debt at year-end5,9812,7934,5893,4882,542
Cash dividends declared per common share1.811.601.481.401.30

Certain reclassifications of prior year data have been made to conform to current year reporting, including discontinued operations as discussed below.

The Company periodically reviews its operations for businesses that may no longer be aligned with its enterprise initiatives and long-term objectives. As a result, the Company may commit to a plan to exit or dispose of certain businesses and present them as discontinued operations. For businesses reported as discontinued operations in the statement of income, all related prior period income statement information has been restated to conform to the current year reporting of these businesses. Income from discontinued operations was $1.1 billion, $49 million, $637 million, $296 million, and $245 million in the years 2014, 2013, 2012, 2011, and 2010, respectively. Refer to the Discontinued Operations note in Item 8. Financial Statements and Supplementary Data for discussion of the Company's discontinued operations.

On October 31, 2012, the Company divested a 51% majority interest in its Decorative Surfaces segment. Accordingly, the Company ceased consolidating the results of the Decorative Surfaces segment as of October 31, 2012 and now reports its 49% ownership interest using the equity method of accounting. Due to the Company's continuing involvement through its 49% interest, the historical operating results of Decorative Surfaces are presented in continuing operations. Effective November 1, 2012, Decorative Surfaces was no longer a reportable segment of the Company. See the Divestiture of Majority Interest in Former Decorative Surfaces Segment note in Item 8. Financial Statements and Supplementary Data for further discussion of this transaction.

Information on the comparability of results is included in Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.

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