PNC Bank 2001 Annual Report Download - page 66

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CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
THE PNC FINANCIAL SERVICES GROUP, INC.
64
Accumulated Other
Comprehensive Income (Loss)
from
In millions
Preferred
Stock
Common
Stock
Capital
Surplus
Retained
Earnings
Deferred
Benefit
Expense
Continuing
Operations
Discontinued
Operations
Treasury
Stock Total
Balance at January 1, 1999 $7 $1,764 $1,250 $5,262 $(36) $(24) $(19) $(2,161) $6,043
Net income 1,264 1,264
Net unrealized securities losses (104) (116) (220)
Minimum pension liability adjustment (5) (5)
Other 11
Comprehensive income 1,040
Cash dividends declared
Common (501) (501)
Preferred (19) (19)
Treasury stock activity
(11.0 net shares purchased) 13 (662) (649)
Tax benefit of ESOP and stock
option plans 13 13
Deferred benefit expense 19 19
Balance at December 31, 1999 7 1,764 1,276 6,006 (17) (132) (135) (2,823) 5,946
Net income 1,279 1,279
Net unrealized securities gains 86 90 176
Minimum pension liability adjustment 1 1
Other 22
Comprehensive income 1,458
Cash dividends declared
Common (530) (530)
Preferred (19) (19)
Treasury stock activity
(3.1 net shares purchased) 6 (218) (212)
Tax benefit of ESOP and stock
option plans 21 21
Deferred benefit expense (8) (8)
Balance at December 31, 2000 7 1,764 1,303 6,736 (25) (43) (45) (3,041) 6,656
Net income 377 377
Net unrealized securities (losses)
gains (51) 45 (6)
Net unrealized gains on cash flow
hedge derivatives 98 98
Minimum pension liability adjustment (1) (1)
Other 22
Comprehensive income 470
Cash dividends declared
Common (552) (552)
Preferred (12) (12)
Treasury stock activity
(6.4 net shares purchased) 26 (516) (490)
Tax benefit of ESOP and stock
option plans 43 43
Series F preferred stock tender
offer/redemption (6.0 shares
purchased/redeemed) (6) (295) (301)
Deferred benefit expense 9 9
Balance at December 31, 2001 $1 $1,764 $1,077 $6,549 $(16) $5 $(3,557) $5,823
See accompanying Notes to Consolidated Financial Statements.