IBM 2007 Annual Report Download - page 64

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62
($ in millions)
ACCUMULATED
COMMON GAINS AND
STOCK AND (LOSSES)
ADDITIONAL RETAINED TREASURY NOT AFFECTING
PAID-IN CAPITAL EARNINGS STOCK RETAINED EARNINGS TOTAL
2006
Stockholders’ equity, January 1, 2006 $28,926 $44,734 $(38,546) $ (2,016) $33,098
Net income plus gains and (losses) not
affecting retained earnings:
Net income 9,492 $ 9,492
Gains and (losses) not affecting retained
earnings (net of tax):
Net unrealized losses on cash flow hedge
derivatives (net of tax benefit of $178) (342) (342)
Foreign currency translation adjustments
(net of tax benefit of $225*) 1,020 1,020
Minimum pension liability adjustment
(net of tax expense of $900) 1,881 1,881
Net unrealized gains on marketable
securities (net of tax expense of $34) 53 53
Total gains and (losses) not affecting
retained earnings 2,613
Adjustments to initially adopt SFAS No. 158
Prior service credits/(costs) (net of tax expense of $494) 871 871
Net gains/(losses) (net of tax benefit of $6,028) (10,371) (10,371)
Transition assets/(obligations)
(net of tax expense of $1) 2 2
Subtotal: Net income plus gains and (losses)
not affecting retained earnings and adjustments
to adopt SFAS No. 158 $ 2,607
Cash dividends declared — common stock (1,683) (1,683)
Common stock issued under employee plans
(27,211,279 shares) 2,322 2,322
Purchases (633,769 shares) and sales
(3,489,803 shares) of treasury stock
under employee plans — net (111) 272 161
Other treasury shares purchased, not retired
(97,564,462 shares) (8,022) (8,022)
Decrease in shares remaining to be issued in acquisition (3) (3)
Income tax benefits — stock transactions 26 26
Stockholders’ equity, December 31, 2006 $31,271 $52,432 $(46,296) $ (8,901) $ 28,506
* 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