IBM 2001 Annual Report Download - page 75

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73
Accumulated
Gains and
(Losses) Not
Employee Affecting
Preferred Common Retained Treasury Benefits Retained
(dollars in millions) Stock Stock Earnings Stock Trust Earnings Total
2001
Stockholders’ equity, December 31, 2000 $«247 «$«12,400 «$«23,784 «««$««(13,800) ««««$«(1,712) «$«(295) «$«20,624
Net income plus gains and losses not
affecting retained earnings:
Net income 7,723 $«««7,723
Gains and losses not affecting retained
earnings (net of tax):
Cumulative effect of adoption of SFAS No.
133 on Jan. 1 (net of tax expense of $120)219 219
Net unrealized gains on SFAS No. 133
cash flow hedge derivatives during 2001
(net of tax expense of $44)77 77
Foreign currency translation adjustments
(net of tax expense of $323)(539) (539)
Minimum pension liability adjustment (216) (216)
Net unrealized gains on marketable
securities (net of tax expense of $58)92 92
Total gains and losses not affecting
retained earnings (367)
Subtotal: Net income plus gains and
losses not affecting retained earnings $«««7,356
Cash dividends declared
—
common stock (956) (956)
Cash dividends declared
—
preferred stock (10) (10)
Preferred stock purchased and
retired (10,184,043 shares) (247)) (7) (254)
Common stock issued under employee
plans (19,572,623 shares) 774 (1) 773
Purchases (2,237,935 shares) and sales
(11,801,053 shares)of treasury stock
under employee plans
—
net 32 (391) 1,032 673
Other treasury shares purchased, not retired
(48,841,196 shares) (5,091) (5,091)
Dissolution of employee benefits trust
(20,000,000 shares) 546 (2,255) 1,712 3
Decrease in shares remaining to be issued
in acquisition (6) (6)
Tax effect
—
stock transactions 502 502
Stockholders’ equity, December 31, 2001 $÷— $«14,248 $«30,142 $«(20,114) $««««««— $«(662) $«23,614
*Reclassified to conform with 2001 presentation.
The accompanying notes on pages 75 through 105 are an integral part of the financial statements.
Consolidated Statement of Stockholders’ Equity
INTERNATIONAL BUSINESS MACHINES CORPORATION
and Subsidiary Companies