So here is an ongoing look at SEC Y2K disclosures.

Here are some of my previous posts.

SEC Y2K disclosures and the Retail Corps. (Quotes)

SEC y2k Disclosures and the Health Industries. (Quotes)

SEC Y2K Disclosures Oil Industry (Quotes) 

And here are the categories. This is a sample of the bigger corps. Not a look at how bad or good they are doing. On a couple of the disclosures I have put "Bad", this is a comment on the lack of information not the status of the entity in question.

The best way to find the disclosures in the Filings is to do a search in the page with your browser "Find" and look for Year 2000 as they do not use Y2K as a rule.

 Automotive
 Manufacturing and aerospace
 Chemical - Refining
 Health
 Finance
 Transportation & Lodging
 Power - Energy
 Communication
 Tech - Controls
 Internet
 Retail
 Food
 
 

SEC Filings

Automotive

FORD MOTOR CO

GENERAL MOTORS CORP

GOODYEAR TIRE & RUBBER CO /OH/ - Quarterly Report (SEC form 10-Q)

DELPHI AUTOMOTIVE SYSTEMS CORP

Manufacturing and aerospace

RAYTHEON CO/

(Bad)INGERSOLL RAND CO

GOODRICH B F CO

LOCKHEED MARTIN CORP form 10-Q

BOEING CO - Quarterly Report (SEC form 10-Q)

ARMCO INC

Chemical - Refining

BPC HOLDING CORP

BORDEN INC

DOW CHEMICAL CO /DE/

DUPONT E I DE NEMOURS & CO - Quarterly Report (SEC form 10-Q)

ALCAN ALUMINIUM LTD /NEW

KAISER ALUMINUM CORP

EASTMAN CHEMICAL CO - Quarterly Report (SEC form 10-Q)

Health

(BAD)MERCK & CO INC

AETNA INC

AMERICAN DRUG CO

UNITED HEALTHCARE CORP

PHARMACIA & UPJOHN INC

LILLY ELI & CO - Quarterly Report (SEC form 10-Q)

JOHNSON & JOHNSON

COLUMBIA HCA HEALTHCARE CORP/ - Quarterly Report (SEC

MILLENNIUM PHARMACEUTICALS INC - Quarterly Report (SEC form 10-Q)

????BRISTOL MYERS SQUIBB CO

Finance

WELLS FARGO & CO/MN

PAINE WEBBER GROUP INC

AMERICAN EXPRESS CO

SALOMON SMITH BARNEY HOLDINGS IN

FLEET FINANCIAL GROUP INC

AETNA INSURANCE CO OF AMERICA

**CITIGROUP INC

MERRILL LYNCH & CO INC. MER form 10-Q

***EDGAR ONLINE INC

MERRILL LYNCH LIFE INSURANCE COMPANY

MORGAN STANLEY DEAN WITTER CHARTER

BANKBOSTON CORP - Quarterly Report (SEC form 10-Q)

WITTER DEAN DIVERSIFIED FUTURES FUND III L P

Transportation & Lodging

UNITED AIR LINES INC

BURLINGTON NORTHERN RAILROAD CO

AMERICAN FREIGHTWAYS CORP

CONTINENTAL AIRLINES INC /DE/

US AIRWAYS GROUP INC - Quarterly Report (SEC form 10-Q)

HILTON HOTELS CORP 10-Q

TRUMP HOTELS & CASINO RESORTS FUNDING

HOST MARRIOTT SERVICES CORP - Quarterly Report (SEC form 10-Q)

UNION PACIFIC CORP

Power - Energy

TRANSCONTINENTAL GAS PIPE LINE CORP

PG&E GAS TRANSMISSION NORTHWEST CORP

POTOMAC ELECTRIC POWER CO

KANSAS CITY POWER & LIGHT CO

Shell - SUO7B02 form 10-Q

EXXON CORP

TEXACO INC - Quarterly Report (SEC form 10-Q)

MOBIL CORP - Quarterly Report (SEC form 10-Q)

CHEVRON CORP - Quarterly Report (SEC form 10-Q)

POTOMAC ELECTRIC POWER CO - Quarterly Report (SEC form

PECO ENERGY CO

EDISON INTERNATIONAL

PG&E CORP - Quarterly Report (SEC form 10-Q)

Communication

WASHINGTON POST CO

WARNER COMMUNICATIONS INC

WALT DISNEY CO/

SPRINT CORP

CNET INC /DE

CBS CORP

CABLETRON SYSTEMS INC

VIACOM INC - Quarterly Report (SEC form 10-Q)

GTE CORP

AT&T CORP

BELLSOUTH CORP (BLS) form 10-Q

BELL ATLANTIC CORP - Quarterly Report (SEC form 10-Q)

SOUTHWESTERN BELL TELEPHONE CO - Quarterly Report (SEC form 10-Q)

Tech - Controls

****ELECTRONIC DATA SYSTEMS CORP /DE

HONEYWELL INC

PEOPLESOFT INC

DYNATECH CORP

APPLE COMPUTER INC

GENERAL ELECTRIC CO - Quarterly Report (SEC form 10-Q)

ROCKWELL INTERNATIONAL CORP

TEXAS INSTRUMENTS INC

LUCENT TECHNOLOGIES INC

MOTOROLA INC - Quarterly Report (SEC form 10-Q)

INTEL CORP - Quarterly Report (SEC form 10-Q)

UNISYS CORP - Quarterly Report (SEC form 10-Q)

INTERNATIONAL BUSINESS MACHINES CORP - Quarterly Report (SEC form

Internet

AMAZON COM INC

ZIFF DAVIS INC

YAHOO INC

Retail

OWENS CORNING

CORNING INC /NY

NEWELL RUBBERMAID INC - Quarterly Report (SEC form 10-Q)

PHILIP MORRIS COMPANIES INC (MO)

RJ REYNOLDS TOBACCO HOLDINGS INC

WAL MART STORES INC (WMT)

REEBOK INTERNATIONAL LTD - Quarterly Report (SEC form 10-Q)

TANDY CORP /DE/ - Quarterly Report (SEC form 10-Q)

LA-Z-BOY INC - Quarterly Report (SEC form 10-Q)

SEARS ROEBUCK & CO (S) form 10-Q

COLGATE PALMOLIVE CO

WHIRLPOOL CORP

SAFEWAY INC - Quarterly Report (SEC form 10-Q)

PLAYTEX PRODUCTS INC - Quarterly Report (SEC form 10-Q)

EASTMAN KODAK CO - Quarterly Report (SEC form 10-Q)

Food

HERSHEY FOODS CORP

KELLOGG CO

MCDONALDS CORP

(bad)(BESTFOODS

COORS ADOLPH CO

AURORA FOODS INC /DE/

ANHEUSER BUSCH COMPANIES INC

CHIQUITA BRANDS INTERNATIONAL IN

Quaker Oats - OAT form 10-Q

NABISCO GROUP HOLDINGS CORP

RALSTON PURINA CO

**COCA COLA CO - Quarterly Report (SEC form 10-Q)

DOLE FOOD COMPANY INC - Quarterly Report (SEC form 10-Q)

 

-- Brian (imager@home.com), August 25, 1999

Answers

And the winner for money spent???

Citigroup (so far)

The pre-tax cost associated with the required modifications and conversions is expected to total approximately $950 million through 1999. This cost, which represents an increase of $50 million from previous estimates, is being funded from a combination of a reprioritization of technology development initiatives and incremental costs and is being expensed as incurred. Of the total, approximately $830 million has been incurred-to-date, including approximately $170 million in the first six months of 1999, of which approximately $80 million was incurred in the second quarter.

-- Brian (imager@home.com), August 25, 1999.

Well, let's look at just one company: Kelloggs, for example. First, let's hope theire year 2000 remediation efforts are beter than their apparently web-warped 10-Q report. 8<) <<

Year 2000

      The Company established a global program in 1997 to address the millennium date change issue (the inability of certain computer software, hardware, and other equipment with embedded computer chips to properly process two-digit year-date codes after 1999). The program is structured to address all date-related risks to the Company’s business in four major categories: information technology systems, embedded technology systems, suppliers, and customers.

      In the information technology and embedded systems categories, the program is essentially complete, with most critical and important, date-dependent systems and components successfully tested. Remaining work includes performing additional quality assurance on previously tested systems and supporting the Company’s contingency planning efforts.

15

---

Table of Contents

      To date, the Company has spent approximately $56 million during 1998 and 1999 to become Year 2000 compliant. Current expectations for total spending through 2000 remains at approximately $70 million. This amount includes the estimated cost of implementing contingency plans, such as the incremental cost of building inventory to meet temporarily increased demands. This amount excludes the cost of other planned system initiatives that are contributing to the overall Year 2000 readiness effort. These other planned system initiatives are also nearing completion, and Management believes that to the extent they impact the Year 2000 project, they will be completed as scheduled.

      The Company is continuing a contingency planning process started in 1998 designed to mitigate business risks due to unexpected date-related issues across all key business units worldwide. The testing results for information technology and embedded systems were coupled with risk assessments of the Company’s suppliers, customers, and standard business practices, and incorporated into this contingency planning process. Contingency plans have been identified for the Company’s greatest business risks, and their implementation is currently under way in each of the Company’s four operating segments of North America, Europe, Asia-Pacific, and Latin America. Management believes the Company’s most reasonably likely worst case scenario would be either the inability to meet demand for its products or damage to inventory or manufacturing assets as a result of power loss.

      While the cost of becoming Year 2000 compliant has not been significant to the Company’s financial results, failures that could result in material financial risk are still possible. Although to date, the Company’s Year 2000 program has been executed substantially as planned, there can be no guarantee that all systems will perform flawlessly, that the systems of other companies and government agencies on which the Company relies will be converted in a timely manner, or that contingency planning will be able to fully address all potential interruptions. Therefore, date-related issues could cause delays in the Company’s ability to produce or ship its products, process transactions, or otherwise conduct business in any of its markets. Furthermore, the unknown cost of actions required to address any of these failures could cause uncertainty in the Company’s 1999 or 2000 financial results.>> ___ One little phrase sticks out form the "glib blandness" of their report: ""To date, the Company has spent approximately $56 million during 1998 and 1999 to become Year 2000 compliant. Current expectations for total spending through 2000 remains at approximately $70 million. This amount includes the estimated cost of implementing contingency plans, such as the incremental cost of building inventory to meet temporarily increased demands. This amount excludes the cost of other planned system initiatives that are contributing to the overall Year 2000 readiness effort." If they have spent 56 million form 1997-1999 (to date), how can they expect to be "on schedule" to spend 70 million in the final two quarters of 1999? Maybe, since some of this is in building inventory, this is the source of the "hoarding" that Mr K. fears? Others are similar: I've found no Fortune 500 company that claims "I am compliant...." None. All are almost, partially, 95%, completing, expect to complete, 90%, ..... Now, lets us assume, that as certain pollies have claimed that "lawyers" are preventing these companies from declaring compliant. What next? Where else can you look to determine who is ready?

-- Robert A. Cook, PE (Kennesaw, GA) (cook.r@csaatl.com), August 25, 1999.

This from Safeway is about the strongest I can find: which is good for Safeway itself.

Then it goes on the report that the two bought companies (Carr's and Dominick's) are not yet through; hoping to finiish 30 Sept 1999.

<< The year 2000 project group has determined the modifications or replacements necessary to achieve compliance, is implementing the modifications and replacements, conducting tests necessary to verify that the modified systems are operational and transitioning the compliant systems into the regular operations of the Company. Management believes that all critical Safeway systems and applications are now year 2000 compliant.

(trimmed)

Safeway completed its acquisition of Dominick's in November 1998, and is in the process of replacing or modifying systems that are not year 2000 compliant. Safeway estimates that all critical systems and applications of Dominick's will be year 2000 compliant by September 30, 1999.

Safeway also completed its acquisition of Carrs on April 16, 1999. The majority of Carrs systems which are not year 2000 compliant will be replaced with the core Safeway systems. Other Carrs systems will be modified as necessary. Safeway estimates that all critical systems and applications of Carrs will be year 2000 compliant by September 30, 1999.>>

-- Robert A. Cook, PE (Kennesaw, GA) (cook.r@csaatl.com), August 25, 1999.

This caught my attention as the internet is dear to many of us.

Edgar has the exclusive rights to the SEC filings.

EDGAR ONLINE INC

WE FACE YEAR 2000 RISKS.

     Because our business is completely dependent on the ability of our
customers to access our services through their computer systems and the
Internet, any serious disruption of this computer infrastructure caused by the
Year 2000 problem could have a material adverse effect on our business,
financial condition and results of operations. A disruption of this type could
result from problems experienced by our information providers, our information
technology systems, such as our Web servers, or from external problems affecting
the Internet and the methods our customers use to gain access to our services,
such as Internet service providers and online service providers. Efforts to
comply with Year 2000 requirements may disrupt or delay our ability to continue
developing and marketing our services, or we may incur unexpected costs in
connection with our Year 2000 compliance efforts. Any such Year 2000 related
disruptions could have a material adverse effect on our business, operating
results and financial condition.

-- Brian (imager@home.com), August 26, 1999.