<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Company's consolidated statements of income and consolidated balance sheets and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 376 <SECURITIES> 26 <RECEIVABLES> 419 <ALLOWANCES> 39 <INVENTORY> 81 <CURRENT-ASSETS> 1,058 <PP&E> 5,918 <DEPRECIATION> 1,072 <TOTAL-ASSETS> 7,685 <CURRENT-LIABILITIES> 922 <BONDS> 2,732 <PREFERRED-MANDATORY> 0 <PREFERRED> 15 <COMMON> 627 <OTHER-SE> 2,635 <TOTAL-LIABILITY-AND-EQUITY> 7,685 <SALES> 1,303 <TOTAL-REVENUES> 1,303 <CGS> 0 <TOTAL-COSTS> 1,126 <OTHER-EXPENSES> 13 <LOSS-PROVISION> 7 <INTEREST-EXPENSE> 34 <INCOME-PRETAX> 123 <INCOME-TAX> 51 <INCOME-CONTINUING> 68 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 68 <EPS-PRIMARY> .26 <EPS-DILUTED> .26