IBM 2008 Annual Report Download - page 67

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
Consolidated Statement of Stockholders’ Equity
INTERNATIONAL BUSINESS MACHINES CORPORATION and Subsidiary Companies
Accumulated
Common Gains and
Stock and (Losses)
Additional Retained Treasury not Affecting
($  ) Paid-in Capital Earnings Stock Retained Earnings Total
2008
Stockholders’ equity, January 1, 2008 $35,188 $60,640 $(63,945) $ (3,414) $ 28,470
Net income plus gains and (losses) not
affecting retained earnings:
Net income 12,334 $ 12,334
Gains and (losses) not affecting retained
earnings (net of tax):
Net unrealized gains on cash flow hedge
derivatives (net of tax expense of $79) 301 301
Foreign currency translation adjustments
(net of tax benefit of $153*) (3,552) (3,552)
Retirement-related benefit plans:
Prior service credits (net of tax benefit of $86) (136) (136)
Net (losses)/gains (net of tax benefit of $8,436) (15,245) (15,245)
Curtailments and settlements
(net of tax expense of $9) 16 16
Amortization of prior service (credits)/costs
(net of tax benefit of $73) (132) (132)
Amortization of net gains/(losses)
(net of tax expense of $358) 640 640
Net unrealized losses on marketable
securities (net of tax benefit of $207) (324) (324)
Total gains and (losses) not affecting
retained earnings (18,431)
Subtotal: Net income plus gains and (losses)
not affecting retained earnings $ (6,097)
Cash dividends declared—common stock (2,585) (2,585)
Common stock issued under employee plans
(39,374,439 shares) 3,919 3,919
Purchases (1,505,107 shares) and sales (5,882,800 shares)
of treasury stock under employee plans — net (36) 391 355
Other treasury shares purchased, not retired (89,890,347 shares) 54 (10,618) (10,563)
Decrease in shares remaining to be issued in acquisition 3 3
Income tax expense — stock transactions (36) (36)
STOCKHOLDERS’ EQUITY, DECEMBER 31, 2008 $39,129 $70,353 $(74,171) $(21,845) $ 13,465
* Foreign currency translation adjustments are presented gross with associated hedges shown net of tax.
The accompanying notes on pages 66 through 119 are an integral part of the financial statements.