IBM 2015 Annual Report Download - page 117
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115
Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
Other Stock Transactions
The company issued the following shares of common stock as part
of its stock-based compensation plans and employees stock pur-
chase plan: 6,013,875 shares in 2015, 7,687,026 shares in 2014, and
9,961,389 shares in 2013. The company issued 1,155,558 treasury
shares in 2015, 1,264,232 treasury shares in 2014 and 1,849,883
treasury shares in 2013, as a result of restricted stock unit releases
and exercises of stock options by employees of certain acquired
businesses and by non-U.S. employees. Also, as part of the
company’s stock-based compensation plans, 1,625,820 common
shares at a cost of $248million, 1,313,569 common shares at a
cost of $236million, and 1,666,069 common shares at a cost of
$336million in 2015, 2014 and 2013, respectively, were remitted by
employees to the company in order to satisfy minimum statutory
tax withholding requirements. These amounts are included in the
treasury stock balance in the Consolidated Statement of Financial
Position and the Consolidated Statement of Changes in Equity.
Reclassifications and Taxes Related to Items of Other Comprehensive Income
($ inmillions)
For the year ended December 31, 2015:
Before Tax
Amount
Tax (E x pense)/
Benefi t
Net of Tax
Amount
Other comprehensive income/(loss)
Foreign currency translation adjustments $(1,379) $ (342) $(1,721)
Net changes related to available-for-sale securities
Unrealized gains/(losses) arising during the period $ (54) $ 21 $ (33)
Reclassifi cation of (gains)/losses to other (income) and expense 86 (33) 53
Total net changes related to available-for-sale securities $ 32 $ (12) $ 20
Unrealized gains/(losses) on cash fl ow hedges
Unrealized gains/(losses) arising during the period $ 618 $ (218) $ 399
Reclassifi cation of (gains)/losses to:
Cost of sales (192) 57 (135)
SG&A expense (149) 43 (105)
Other (income) and expense (731) 281 (451)
Interest expense 000
Total unrealized gains/(losses) on cash fl ow hedges $ (454) $ 162 $ (292)
Retirement-related benefi t plans
(1)
Prior service costs/(credits) $ 6 $ (2) $ 4
Net (losses)/gains arising during the period (2,963) 1,039 (1,925)
Curtailments and settlements 33 (9) 24
Amortization of prior service (credits)/costs (100) 36 (65)
Amortization of net (gains)/losses 3,304 (1,080) 2,223
Total retirement-related benefi t plans $ 279 $ (17) $ 262
Other comprehensive income/(loss) $(1,523) $ (208) $(1,731)
(1) These AOCI components are included in the computation of net periodic pension cost. (See noteS, “Retirement-Related Benefits,” for additional information.)