Kodak 2006 Annual Report Download - page 71

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
n 
c o n ti n u e d
Accumulated
Additional Other
Common Paid In Retained Comprehensive Treasury
(in millions, except share and per share data) Stock( 1) Capital Earnings(3) (Loss) Income Stock Total
Shareholders’ Equity December 31, 2005 $ 978 $ 867 $ 6,717 $ (467) $ (5,813) $ 2,282
Net loss — — (601) — — (601)
Other comprehensive income (loss):
Unrealized losses on available-for-sale
securities ($2 million pre-tax) — — — (2) — (2)
Unrealized gains arising from
hedging activity ($8 million pre-tax) — — — 8 — 8
Reclassification adjustment for hedging
related gains included in net earnings
($12 million pre-tax) — — — (12) — (12)
Currency translation adjustments — — — 88 — 88
Minimum pension liability adjustment
($185 million pre-tax) — — — 136 — 136
Other comprehensive income — — — 218 — 218
Comprehensive loss (383)
Adjustment to initially apply SFAS No. 158 for
pension and other postretirement benefits
($466 million pre-tax) — — — (386) — (386)
Cash dividends declared ($.50 per common share) — — (144) — — (144)
Recognition of equity-based compensation
expense — 15 — — — 15
Treasury stock surrendered, net
(135 shares)(4) — — (3) — 4 1
Unvested stock issuances (109,935 shares) — (1) (2) — 6 3
Shareholders’ Equity December 31, 2006 $ 978 $ 881 $ 5,967 $ (635) $ (5,803) $ 1,388
(1) There are 100 million shares of $10 par value preferred stock authorized, none of which have been issued.
(2) The amount presented as reclassification of stock-based compensation awards under SFAS No. 123R adoption represents the amount reclassified from liabilities
to Additional Paid In Capital upon the adoption of SFAS No. 123R on January 1, 2005. The reclassification was made for comparative purposes.
(3) Amounts have been restated to reflect the change in methodology of costing U.S. inventories from LIFO to average cost. For further discussion, refer to Note 3,
“Inventories.”
(4) Includes Stock Options exercised and other stock awards issued, offset by shares surrendered for taxes.
The accompanying notes are an integral part of these consolidated financial statements.