Kraft 2003 Annual Report Download - page 45

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43
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, 2001 $
—
$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)
To tal comprehensive earnings 1,488
Sale of Class A common stock
to public 8,425 8,425
Cash 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
To tal comprehensive earnings 3,495
Cash 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
Comprehensive earnings:
Net earnings 3,476 3,476
Other comprehensive earnings
(losses), net of income taxes:
Currency translation
adjustments 755 755 755
Additional minimum
pension liability (68) (68) (68)
Change in fair value of
derivatives accounted
for as hedges (12) (12) (12)
Total other comprehensive earnings 675
To tal comprehensive earnings 4,151
Exercise of stock options and
issuance of other stock awards 49 (129) 148 68
Cash dividends declared
($0.66 per share) (1,141) (1,141)
Class A common stock
repurchased (380) (380)
Balances, December 31, 2003 $
—
$23,704 $ 7,020 $(1,494) $(298) $(1,792) $(402) $28,530
See notes to consolidated financial statements.
43