IBM 2007 Annual Report Download - page 65

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63
Consolidated Statement of Stockholders’ Equity
International Business Machines Corporation and Subsidiary Companies
($ in millions)
ACCUMULATED
COMMON GAINS AND
STOCK AND (LOSSES)
ADDITIONAL RETAINED TREASURY NOT AFFECTING
PAID-IN CAPITAL EARNINGS STOCK RETAINED EARNINGS TOTAL
2007
Stockholders’ equity, January 1, 2007 $31,271 $52,432 $(46,296) $(8,901) $28,506
Adjustment to initially adopt FIN 48 117 117
Net income plus gains and (losses) not
affecting retained earnings:
Net income 10,418 $10,418
Gains and (losses) not affecting retained
earnings (net of tax):
Net unrealized losses on cash flow hedge
derivatives (net of tax benefit of $32) (123) (123)
Foreign currency translation adjustments
(net of tax benefit of $553*) 726 726
Retirement-related benefit plans:
Prior service credits (net of tax expense of $31) 44 44
Net gains/(losses) (net of tax expense of $1,913) 3,611 3,611
Amortization of prior service costs/(credits)
(net of tax benefit of $50) (85) (85)
Amortization of net gains/(losses)
(net of tax expense of $654) 1,110 1,110
Amortization of transition assets
(net of tax benefit of $1) (2) (2)
Net unrealized gains on marketable
securities (net of tax expense of $132) 206 206
Total gains and (losses) not affecting
retained earnings 5,487
Subtotal: Net income plus gains and (losses)
not affecting retained earnings $15,905
Cash dividends declared — common stock (2,147) (2,147)
Common stock issued under employee plans
(49,137,038 shares) 4,332 4,332
Purchases (1,282,131 shares) and sales (9,282,055 shares)
of treasury stock under employee plans — net (179) 729 550
Other treasury shares purchased, not retired
(178,385,436 shares) (405) (18,378) (18,783)
Decrease in shares remaining to be issued in acquisition (6) (6)
Income tax expense — stock transactions (4) (4)
Stockholders’ equity, December 31, 2007 $35,188 $60,640 $(63,945) $(3,414) $28,470
* 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.