C.Titus,
This subject was brought up in a mini-symposium at our company last month. According to Boeing Chief Technical Pilot, the reject action is exactly as published in the manuals, in the exact sequence i.e. as posted by fireflybob & c100driver.
However, Boeing has done tests to verify the validity of current reject data using 2 steps reject action i.e. 1. disengage A/T & close thrust levers 2. select reverse. Apparently, for all current boeing types EXCEPT the 737 (all-variants), the stopping distances are negligible.
If your airline wishes to adopt the 2 steps reject action, all you need to do is to write to boeing for a NTO.
Hope this helps.
SR