IBM 2003 Annual Report Download - page 78

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76
(dollars in millions)
ACCUMULATED
GAINS AND
(LOSSES) NOT
EMPLOYEE AFFECTING
PREFERRED COMMON RETAINED TREASURY BENEFITS RETAINED
STOCK STOCK EARNINGS STOCK TRUST EARNINGS TOTAL
2001*
Stockholders’ equity, January 1, 2001 $«247 $«12,400 $«23,784 $«(13,800) $«(1,712) $«(369) $«20,550
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
(net of tax benefit of $226) (308) (308)
Net unrealized gains on marketable securities
(net of tax expense of $58) 92 92
Total gains and (losses) not affecting
retained earnings (459)
Subtotal: Net income plus gains and (losses)
not affecting retained earnings $«««7,264
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 (314,433 shares) and sales (11,801,053 shares)
of treasury stock under employee plans—net 32 (391) 1,234 875
Other treasury shares purchased, not retired
(50,764,698 shares) (5,293) (5,293))
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) $«««««««— $«(828) $«23,448
*Reclassified to conform with 2003 presentation.
The accompanying notes on pages 80 through 121 are an integral part of the financial statements.
Consolidated Statement of Stockholders’ Equity
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES