Avon 2000 Annual Report Download - page 21

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51
Accumulated
Additional Other
Common Stock Paid-In Retained Comprehensive Treasury
Shares Amount Capital Earnings Loss Stock Total
Balance at December 31, 1997 174,711,173 $ 43.7 $ 733.1 $ 660.9 $ (270.3) $ (882.4) $ 285.0
Comprehensive income:
Net income 270.0 270.0
Foreign currency translation
adjustments (15.6) (15.6)
Minimum pension liability
adjustment (15.4) (15.4)
Total comprehensive income 239.0
Dividends– $.68 per share (178.9) (178.9)
Two-for-one stock split effected
in the form of a stock dividend
from retained earnings (Note 9) 175,419,475 43.9 (32.9) (11.0) —
Exercise of stock options,
including tax benefits 916,102 .2 38.2 38.4
Grant, cancellation and
amortization of restricted stock 267,616 7.1 7.1
Repurchase of common stock (107.8) (107.8)
Benefit plan contributions 1.6 .7 2.3
Balance at December 31, 1998 351,314,366 87.8 780.0 719.1 (301.3) (1,000.5) 285.1
Comprehensive income:
Net income 302.4 302.4
Foreign currency translation
adjustments (49.7) (49.7)
Minimum pension liability
adjustment 1.3 1.3
Total comprehensive income 254.0
Dividends– $.72 per share (184.3) (184.3)
Exercise of stock options,
including tax benefits of $7.9 1,152,549 .3 30.7 31.0
Grant, cancellation and
amortization of restricted stock 109,009 8.7 8.7
Repurchase of common stock (800.6) (800.6)
Balance at December 31, 1999 352,575,924 88.1 819.4 837.2 (349.7) (1,801.1) (406.1)
Comprehensive income:
Net income 478.4 478.4
Foreign currency translation
adjustments (42.9) (42.9)
Unrealized loss from available-
for-sale securities, net of tax (6.0) (6.0)
Minimum pension liability
adjustment, net of tax (.5) (.5)
Total comprehensive income 429.0
Dividends– $.74 per share (175.8) (175.8)
Exercise of stock options,
including tax benefits of $8.8 1,701,935 .4 49.1 49.5
Grant, cancellation and
amortization of restricted stock 257,981 .1 6.6 6.7
Repurchase of common stock (68.1) (68.1)
Share repurchase commitments (51.0) (51.0)
Balance at December 31, 2000 354,535,840 $ 88.6 $ 824.1 $1,139.8 $ (399.1) $ (1,869.2) $ (215.8)
The accompanying notes are an integral part of these statements.
Consolidated Statements of Changes in
Shareholders’ (Deficit) Equity
Avon Products, Inc.
In millions, except share data