Kodak 2002 Annual Report Download - page 42

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Financials
42
Eastman Kodak Company and Subsidiary Companies
Consolidated Statement of Shareholders’ Equity
Additional Accumulated Other
Common Paid In Retained Comprehensive Treasury
(in millions, except share and per share data) Stock* Capital Earnings (Loss) Income Stock Total
Shareholders’ Equity December 31, 1999 $ 978 $ 889 $ 6,995 $ (145) $ (4,805) $ 3,912
Net earnings — — 1,407 — — 1,407
Other comprehensive income (loss):
Unrealized losses on available-for-sale securities
($77 million pre-tax) — — — (48) — (48)
Reclassification adjustment for gains on available-for-sale
securities included in net earnings ($94 million pre-tax) — — (58) — (58)
Unrealized loss arising from hedging activity ($55 million pre-tax) — — — (34) — (34)
Reclassification adjustment for hedging related gains
included in net earnings ($6 million pre-tax) — — — (4) — (4)
Currency translation adjustments — — — (194) — (194)
´Minimum pension liability adjustment ($2 million pre-tax) — — — 1 — 1
Other comprehensive loss — — — (337) — (337)
´Comprehensive income 1,070
Cash dividends declared ($1.76 per common share) — — (533) — — (533)
Treasury stock repurchased (21,575,536 shares) — — — — (1,099) (1,099)
Treasury stock issued under employee plans (1,638,872 shares) — (33) — — 96 63
Tax reductions — employee plans — 15 — — — 15
Shareholders’ Equity December 31, 2000 978 871 7,869 (482) (5,808) 3,428
Net earnings — — 76 — — 76
Other comprehensive income (loss):
Unrealized losses on available-for-sale securities
($34 million pre-tax) — — — (21) — (21)
Reclassification adjustment for gains on available-for-sale securities
included in net earnings ($13 million pre-tax) — — — 8 — 8
Unrealized gain arising from hedging activity ($6 million pre-tax) — — — 4 — 4
Reclassification adjustment for hedging related losses
included in net earnings ($48 million pre-tax) — — — 29 — 29
Currency translation adjustments — — — (98) — (98)
Minimum pension liability adjustment ($60 million pre-tax) — — — (37) — (37)
Other comprehensive loss — — — (115) — (115)
Comprehensive loss (39)
Cash dividends declared ($2.21 per common share) — — (514) — — (514)
Treasury stock repurchased (947,670 shares) — — — — (41) (41)
Treasury stock issued under employee plans (1,393,105 shares) — (25) — — 82 57
Tax reductions — employee plans — 3 — — — 3
Shareholders’ Equity December 31, 2001 978 849 7,431 (597) (5,767) 2,894
Net earnings — — 770 — — 770
Other comprehensive income (loss):
Unrealized gains on available-for-sale securities ($11 million pre-tax) —— — 6 — 6
Unrealized loss arising from hedging activity ($27 million pre-tax) — — — (19) — (19)
Reclassification adjustment for hedging
related losses included in net earnings ($24 million pre-tax) —— — 15 — 15
Currency translation adjustments — — — 218 — 218
Minimum pension liability adjustment ($577 million pre-tax) — — — (394) — (394)
Other comprehensive loss — — — (174) — (174)
Comprehensive income 596
Cash dividends declared ($1.80 per common share) — — (525) — — (525)
Treasury stock repurchased (7,354,316 shares) — — — — (260) (260)
Treasury stock issued under employee plans (2,357,794 shares) — 1 (65) — 137 73
Tax reductions — employee plans — (1) — — — (1)
Shareholders’ Equity December 31, 2002 $ 978 $ 849 $ 7,611 $ (771) $ (5,890) $ 2,777
*There are 100 million shares of $10 par value preferred stock authorized, none of which have been issued.
The accompanying notes are an integral part of these consolidated financial statements.