IBM 2002 Annual Report Download - page 68
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Consolidated Statement of Stockholders’ Equity
66 international business machines corporation and Subsidiary Companies
accumulated
gains and
(losses) not
employee affecting
preferred common retained treasury benefits retained
(dollars in millions) stock stock earnings stock trust earnings total
2000*
Stockholders’ equity, January 1,2000 $«247 $«11,762 $«16,878 $«««(7,375) $«(2,162) $«1,076 $«20,426
Net income plus gains and (losses) not
affecting retained earnings:
Net income 8,093 $«««8,093
Gains and (losses) not affecting retained
earnings (net of tax):
Foreign currency translation adjustments
(net of tax expense of $289)(538) (538)
Minimum pension liability adjustment
(net of tax expense of $12)18 18
Net unrealized losses on marketable
securities (net of tax benefit of $506)(925) (925)
To tal gains and (losses) not affecting
retained earnings (1,445)
Subtotal: Net income plus gains and
(losses) not affecting retained earnings $«««6,648
Cash dividends declared
—
common stock (909) (909)
Cash dividends declared
—
preferred stock (20) (20)
Common stock issued under employee
plans (17,275,350 shares) 615 1 616
Purchases (8,799,382 shares) and sales
(9,074,212 shares) of treasury stock
under employee plans
—
net (259) 6 (253)
Other treasury shares purchased, not retired
(58,867,226 shares) (6,431) (6,431)
Fair value adjustment of employee benefits trust (439) 450 11
Increase due to shares remaining to be issued
in acquisition 40 40
Tax effect
—
stock transactions 422 422
Stockholders’ equity, December 31,2000 $«247 $«12,400 $«23,784 $«(13,800) $«(1,712) $«««(369) $«20,550
*Reclassified to conform with 2002 presentation.