IBM 2009 Annual Report Download - page 70

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Consolidated Statement of Changes in Equity
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
($ in millions)
Common Accumulated
Stock and Other
Additional Comprehensive Total IBM Non-
Paid-in Retained Treasury Income/ Stockholders’ controlling Total
Capital Earnings Stock (Loss) Equity* Interests* Equity*
2008**
Equity, January 1, 2008 $ 35,188 $ 60,640 $(63,945) $ (3,414) $ 28,470 $ 145 $ 28,615
Net income plus other comprehensive
income/(loss):
Net income 12,334 $ 12,334 $ 12,334
Other comprehensive
income/(loss), net of tax:
Net unrealized gains/(losses) on cash flow
hedge derivatives (net of tax expense of $79) 301 301 301
Foreign currency translation adjustments
(net of tax benefit of $153+) (3,552) (3,552) (3,552)
Retirement-related benefit plans:
Prior service (credits)/costs (net of
tax benefit of $86) (136) (136) (136)
Net (losses)/gains (net of tax benefit of $8,436) (15,245) (15,245) (15,245)
Curtailments and settlements
(net of tax expense of $9) 16 16 16
Amortization of prior service (credits)/costs
(net of tax benefit of $73) (132) (132) (132)
Amortization of net gains/(losses)
(net of tax expense of $358) 640 640 640
Net unrealized gains/(losses) on marketable
securities (net of tax benefit of $207) (324) (324) (324)
Total other comprehensive
income/(loss) (18,431) (18,431)
Subtotal: Net income plus other
comprehensive income/(loss) $ (6,097) $ (6,097)
Cash dividends declared—common stock (2,585) (2,585) (2,585)
Common stock issued under employee plans
(39,374,439 shares) 3,919 3,919 3,919
Purchases (1,505,107 shares) and sales
(5,882,800 shares) of treasury stock under
employee plans — net (36) 391 355 355
Other treasury shares purchased,
not retired (89,890,347 shares) 54 (10,618) (10,563) (10,563)
Changes in other equity (33) (33) (33)
Changes in noncontrolling interests (26) (26)
Equity, December 31, 2008 $ 39,129 $ 70,353 $(74,171) $(21,845) $ 13,465 $ 119 $ 13,584
* Reflects the adoption of the FASB guidance on noncontrolling interests in consolidated financial statements. See note B, “Accounting Changes,” on pages 79 to 82 for
additional information.
** Reclassified to conform with 2009 presentation.
+ Foreign currency translation adjustments are presented gross except for associated hedges which are presented net of tax.
The accompanying notes on pages 70 through 126 are an integral part of the financial statements.
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