IBM 2007 Annual Report Download - page 63

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61
($ in millions)
ACCUMULATED
COMMON GAINS AND
STOCK AND (LOSSES)
ADDITIONAL RETAINED TREASURY NOT AFFECTING
PAID-IN CAPITAL EARNINGS STOCK RETAINED EARNINGS TOTAL
2005
Stockholders’ equity, January 1, 2005 $26,673 $38,148 $(31,072) $(2,061) $31,688
Net income plus gains and (losses) not
affecting retained earnings:
Net income 7,934 $ 7,934
Gains and (losses) not affecting retained
earnings (net of tax):
Net unrealized gains on cash flow hedge
derivatives (net of tax expense of $502) 891 891
Foreign currency translation adjustments
(net of tax expense of $345*) (1,153) (1,153)
Minimum pension liability adjustment
(net of tax expense of $320) 290 290
Net unrealized gains on marketable
securities (net of tax expense of $8) 17 17
Total gains and (losses) not affecting
retained earnings 45
Subtotal: Net income plus gains and (losses)
not affecting retained earnings $ 7,979
Cash dividends declared — common stock (1,250) (1,250)
Common stock issued under employee plans
(18,572,017 shares) 2,257 2,257
Purchases (606,697 shares) and sales (2,594,786 shares)
of treasury stock under employee plans — net (98) 197 99
Other treasury shares purchased, not retired
(90,237,800 shares) (7,671) (7,671)
Decrease in shares remaining to be issued in acquisition (24) (24)
Income tax benefits — stock transactions 20 20
Stockholders’ equity, December 31, 2005 $28,926 $44,734 $(38,546) $(2,016) $33,098
* Foreign currency translation adjustments are presented gross with associated hedges shown net of tax.
The accompanying notes on pages 64 through 119 are an integral part of the financial statements.
Consolidated Statement of Stockholders’ Equity
International Business Machines Corporation and Subsidiary Companies