IBM 2002 Annual Report Download - page 70

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Consolidated Statement of Stockholders’ Equity
68 international business machines corporation and Subsidiary Companies
accumulated
gains and
(losses)not
employee affecting
common retained treasury benefits retained
(dollars in millions) stock earnings stock trust earnings total
2002
Stockholders’ equity, December 31, 2001 «$«14,248 «$«30,142 «««$«(20,114) ««««$««««««— «$««««(828) «$«23,448
Net income plus gains and (losses) not
affecting retained earnings:
Net income 3,579 $«««3,579
Gains and (losses) not affecting retained
earnings (net of tax):
Net unrealized losses on SFAS No. 133
cash flow hedge derivatives during 2002
(net of tax benefit of $372)(659) (659)
Foreign currency translation adjustments
(net of tax benefit of $197)850 850
Minimum pension liability adjustment
(net of tax benefit of $1,574)(2,765) (2,765)
Net unrealized losses on marketable
securities (net of tax benefit of $8)(16) (16)
To tal gains and (losses) not affecting
retained earnings (2,590)
Subtotal: Net income plus gains and
(losses) not affecting retained earnings $««««««989
Cash dividends declared
—
common stock (1,005) (1,005)
Common stock issued under employee
plans (7,255,995 shares) 440 4 444
Purchases (1,169,043 shares) and sales
(12,873,502 shares)of treasury stock
under employee plans
—
net (475) 1,210 735
Other treasury shares purchased, not retired
(47,501,854 shares) (4,111) (4,111)
Tr easury shares issued to fund the
U.S. pension fund (24,037,354 shares)(576) 2,447 1,871
Shares issued/to be issued in the
PwCC acquisition (3,677,213 shares issued)43 (114) 355 284
Decrease in shares remaining to be issued
in acquisition (9) (9)
Tax effect
—
stock transactions 136 136
Stockholders’ equity, December 31, 2002 $«14,858 $«31,555 $«(20,213) $««««««— $«(3,418) $«22,782
The accompanying notes on pages 70 through 104 are an integral part of the financial statements.