Emerson 2004 Annual Report Download - page 36

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34 Emerson 2004
See accompanying notes to consolidated financial statements.
Consolidated Statements of Stockholders’ Equity
EMERSON ELECTRIC CO. AND SUBSIDIARIES
Years ended September 30
(Dollars in millions except per share amounts)
2002 2003 2004
Common stock $ 238) 238) 238)
Additional paid-in capital
Beginning balance 31) 52) 65)
Stock plans and other 21) 13) 22)
Ending balance 52) 65) 87)
Retained earnings
Beginning balance 8,991) 8,461) 8,889)
Net earnings 122) 1,089) 1,257)
Cash dividends (per share: 2002, $1.55; 2003, $1.57; 2004, $1.60) (652) (661) (675)
Ending balance 8,461) 8,889) 9,471)
Accumulated other comprehensive income
Beginning balance (741) (647) (386)
Foreign currency translation 132) 366) 264)
Minimum pension liability (net of tax of: 2002, $18; 2003, $82; 2004, $(24)) (30) (133) 32)
Cash flow hedges and other (net of tax of: 2002, $5; 2003, $(17); 2004, $(2)) (8) 28) 2)
Ending balance (647) (386) (88)
Treasury stock
Beginning balance (2,405) (2,363) (2,346)
Acquired (17) — ) (157)
Issued under stock plans and other 59) 17) 33)
Ending balance (2,363) (2,346) (2,470)
Total stockholders’ equity $ 5,741) 6,460) 7,238)
Comprehensive income
(Net earnings, Foreign currency translation,
Minimum pension liability and Cash flow hedges) $ 216) 1,350) 1,555)