<ARTICLE> 5 <LEGEND> This schedule contains restated summary financial information extracted from our financial statements for the year ended December 31, 1997 restated to reflect our Dresser Equipment Group segment as disciontinued operations. (Replace this text with the legend) </LEGEND> <MULTIPLIER> 1,000,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 12-mos <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-START> Jan-01-1997 <PERIOD-END> Dec-31-1997 <EXCHANGE-RATE> 1 <CASH> 384 <SECURITIES> 0 <RECEIVABLES> 2,921 <ALLOWANCES> 0 <INVENTORY> 709 <CURRENT-ASSETS> 4,770 <PP&E> 5,319 <DEPRECIATION> 3,038 <TOTAL-ASSETS> 9,659 <CURRENT-LIABILITIES> 2,782 <BONDS> 1,296 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,134 <OTHER-SE> 3,183 <TOTAL-LIABILITY-AND-EQUITY> 9,659 <SALES> 2,109 <TOTAL-REVENUES> 13,498 <CGS> 1,649 <TOTAL-COSTS> 11,802 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 108 <INCOME-PRETAX> 1,097 <INCOME-TAX> 405 <INCOME-CONTINUING> 660 <DISCONTINUED> 112 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 772 <EPS-BASIC> 1.79 <EPS-DILUTED> 1.77