JCPenney 2002 Annual Report Download - page 23

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J. C. Penney Company, Inc. 2002 annual report20
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Accumulated Other Total
Preferred Common Reinvested Comprehensive Stockholders’
($ in millions) Stock Stock Earnings (Loss)/Income(1) Equity
January 29, 2000 $ 446 $ 3,266 $ 3,590 $ (74) $ 7,228
Net (loss) (705) (705)
Unrealized gain on investments 22
Currency translation adjustments (14) (14)
Other comprehensive income from
discontinued operations 16 16
Total comprehensive (loss) (701)
Dividends declared (249) (249)
Common stock issued 28 28
Preferred stock redeemed (47) (47)
January 27, 2001 399 3,294 2,636 (70) 6,259
Net income 98 98
Unrealized gain on investments 12 12
Reclassification adjustment for
gains included in income from
continuing operations, net of tax (1) (1)
Currency translation adjustments (27) (27)
Non-qualified plan minimum
liability adjustment (51) (51)
Total comprehensive income 31
Dividends declared (161) (161)
Common stock issued 30 30
Preferred stock redeemed (36) (36)
Vesting of restricted stock awards 66
January 26, 2002 363 3,330 2,573 (137) 6,129
Net income 405 405
Unrealized gain on investments 88
Reclassification adjustment for
gains included in income from
continuing operations, net of tax (3) (3)
Currency translation adjustments (64) (64)
Non-qualified plan minimum
liability adjustment (7) (7)
Total comprehensive income 339
Dividends declared (161) (161)
Common stock issued 89 89
Preferred stock redeemed (30) (30)
Vesting of restricted stock awards 44
January 25, 2003 $ 333 $ 3,423 $ 2,817 $ (203) $ 6,370
(1) Components of accumulated other comprehensive (loss)/income include: (a) foreign currency translation adjustments of $(164) million, $(100) million and $(73) million in 2002, 2001
and 2000, respectively. A deferred tax asset has not been established for currency translation adjustments due to the historical reinvestment of earnings in the foreign subsidiaries; (b)
unrealized gains on investments of $19 million (net of $10 million deferred taxes), $14 million (net of $8 million of deferred taxes) and $3 million (net of $2 million deferred taxes) in 2002,
2001 and 2000, respectively, and (c) minimum liability adjustment for the supplemental retirement plans of $(58) million (net of a $39 million deferred tax asset) and $(51) million (net
of a $33 million deferred tax asset) in 2002 and 2001, respectively.
The accompanying notes are an integral part of these Consolidated Financial Statements.