Kraft 2002 Annual Report Download - page 51

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47
kraft foods inc. consolidated statements of shareholders’ equity
(in millions of dollars, except per share data)
Accumulated Other
Comprehensive Earnings (Losses)
Class A Earnings
and B Additional Reinvested Currency Cost of Total
Common Paid-in in the Translation Repurchased Shareholders’
Stock Capital Business Adjustments Other Total Stock Equity
Balances, January 1, 2000 $
—
$15,230 $
—
$(1,741) $ (28) $(1,769) $
—
$13,461
Comprehensive earnings:
Net earnings 2,001 2,001
Other comprehensive losses,
net of income taxes:
Currency translation
adjustments (397) (397) (397)
Additional minimum
pension liability (8) (8) (8)
Total other comprehensive losses (405)
Total comprehensive earnings 1,596
Dividends declared (1,009) (1,009)
Balances, December 31, 2000
—
15,230 992 (2,138) (36) (2,174)
—
14,048
Comprehensive earnings:
Net earnings 1,882 1,882
Other comprehensive losses,
net of income taxes:
Currency translation
adjustments (298) (298) (298)
Additional minimum
pension liability (78) (78) (78)
Change in fair value of
derivatives accounted
for as hedges (18) (18) (18)
Total other comprehensive losses (394)
Total comprehensive earnings 1,488
Sale of Class A common stock
to public 8,425 8,425
Dividends declared
($0.26 per share) (483) (483)
Balances, December 31, 2001
—
23,655 2,391 (2,436) (132) (2,568)
—
23,478
Comprehensive earnings:
Net earnings 3,394 3,394
Other comprehensive earnings
(losses), net of income taxes:
Currency translation
adjustments 187 187 187
Additional minimum
pension liability (117) (117) (117)
Change in fair value of
derivatives accounted
for as hedges 31 31 31
Total other comprehensive earnings 101
Total comprehensive earnings 3,495
Dividends declared
($0.56 per share) (971) (971)
Class A common stock
repurchased (170) (170)
Balances, December 31, 2002 $
—
$23,655 $ 4,814 $(2,249) $(218) $(2,467) $(170) $25,832
See notes to consolidated financial statements.