Kraft 2005 Annual Report Download - page 55

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MERRILL CORPORATION MBLOUNT// 9-MAR-06 11:15 DISK126:[06CHI5.06CHI1135]DS1135A.;13
mrll.fmt Free: 105D*/0D Foot: 0D/ 0D VJ RSeq: 1 Clr: 0
DISK024:[PAGER.PSTYLES]UNIVERSAL.BST;51
KRAFT FOODS-FSC CERTIFIED-10K/AR Proj: P1102CHI06 Job: 06CHI1135 File: DS1135A.;13
Merrill Corporation/Chicago (312) 786-6300 Page Dim: 8.250X 10.750Copy Dim: 38. X 54.3
KRAFT FOODS INC. and SUBSIDIARIES
CONSOLIDATED STATEMENTS of SHAREHOLDERS’ EQUITY
(in millions of dollars, except per share data)
Accumulated Other
Comprehensive Earnings
(Losses)
Class
A and B Additional Earnings Currency Cost of Total
Common Paid-In Reinvested in Translation Repurchased Shareholders’
Stock Capital the Business Adjustments Other Total Stock Equity
Balances, January 1, 2003 ........... $ — $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
Total 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
Comprehensive earnings:
Net earnings .................. 2,665 2,665
Other comprehensive earnings (losses),
net of income taxes:
Currency translation adjustments .... 604 604 604
Additional minimum pension liability . (22) (22) (22)
Change in fair value of derivatives
accounted for as hedges ....... 5 5 5
Total other comprehensive earnings . . . 587
Total comprehensive earnings ........ 3,252
Exercise of stock options and issuance of
other stock awards .............. 58 (61) 152 149
Cash dividends declared ($0.77 per share) . . (1,320) (1,320)
Class A common stock repurchased .... (700) (700)
Balances, December 31, 2004 ....... — 23,762 8,304 (890) (315) (1,205) (950) 29,911
Comprehensive earnings:
Net earnings .................. 2,632 2,632
Other comprehensive earnings (losses),
net of income taxes:
Currency translation adjustments .... (400) (400) (400)
Additional minimum pension liability . (48) (48) (48)
Change in fair value of derivatives
accounted for as hedges ....... (10) (10) (10)
Total other comprehensive earnings . . . (458)
Total comprehensive earnings ........ 2,174
Exercise of stock options and issuance of
other stock awards .............. 52 (12) (118) 158
Cash dividends declared ($0.87 per share) . . (1,471) (1,471)
Class A common stock repurchased .... (1,200) (1,200)
Other ......................... 21 21
Balances, December 31, 2005 ....... $ — $23,835 $9,453 $(1,290) $(373) $(1,663) $(2,032) $ 29,593
See notes to consolidated financial statements.
54
6 C Cs: 28482