Kodak 2003 Annual Report Download - page 42

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Financials
42
Eastman Kodak Company
Consolidated Statement of Shareholders’ Equity
Accumulated
Additional 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, 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 71
Tax reductions—employee plans — 1 — — — 1
Shareholders’ Equity December 31, 2002 $ 978 $ 849 $ 7,611 $ (771) $(5,890) $ 2,777