IBM 2009 Annual Report Download - page 71

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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*
2009
Equity, January 1, 2009 $ 39,129 $ 70,353 $(74,171) $(21,845) $ 13,465 $119 $ 13,584
Net income plus other comprehensive
income/(loss):
Net income 13,425 $ 13,425 $ 13,425
Other comprehensive
income/(loss), net of tax:
Net unrealized gains/(losses) on cash flow
hedge derivatives (net of tax benefit of $256) (556) (556) (556)
Foreign currency translation adjustments
(net of tax benefit of $57**) 1,732 1,732 1,732
Retirement-related benefit plans:
Prior service costs/(credits) (net of
tax expense of $146) 229 229 229
Net (losses)/gains (net of tax expense of $439) 994 994 994
Curtailments and settlements
(net of tax benefit of $33) (93) (93) (93)
Amortization of prior service (credits)/costs
(net of tax benefit of $55) (107) (107) (107)
Amortization of net gains/(losses)
(net of tax expense of $402) 704 704 704
Net unrealized gains/(losses) on marketable
securities (net of tax expense of $71) 111 111 111
Total other comprehensive
income/(loss) 3,015 3,015
Subtotal: Net income plus other
comprehensive income/(loss) $ 16,440 $ 16,440
Cash dividends declared—common stock (2,860) (2,860) (2,860)
Common stock issued under employee plans
(30,034,808 shares) 3,011 3,011 3,011
Purchases (1,550,846 shares) and sales
(6,408,265 shares) of treasury stock under
employee plans — net (19) 462 443 443
Other treasury shares purchased,
not retired (68,650,727 shares) (7,534) (7,534) (7,534)
Changes in other equity (330) (330) (330)
Changes in noncontrolling interests (1) (1)
Equity, December 31, 2009 $ 41,810 $ 80,900 $(81,243) $(18,830) $ 22,637 $118 $ 22,755
* 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.
** Foreign currency translation adjustments are presented gross except for any 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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