Emerson 2005 Annual Report Download - page 44

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3 2 E M E R S O N 2 0 0 5
Consolidated Statements of Stockholders’ Equity
EMERSON ELECTRIC CO. AND SUBSIDIARIES
Years ended September 30
(Dollars in millions except per share amounts)
2003 2004 2005
Common stock $ 238 238 238
Additional paid-in capital
Beginning balance 52 65 87
Stock plans and other 13 22 33
Ending balance 65 87 120
Retained earnings
Beginning balance 8,461 8,889 9,471
Net earnings 1,089 1,257 1,422
Cash dividends (per share: 2003, $1.57; 2004, $1.60; 2005, $1.66) (661) (675) (694)
Ending balance 8,889 9,471 10,199
Accumulated other comprehensive income
Beginning balance (647) (386) (88)
Foreign currency translation 366 264 11
Minimum pension liability (net of tax of: 2003, $82; 2004, $(24); 2005, $10) (133) 32 (18)
Cash flow hedges and other (net of tax of: 2003, $(17); 2004, $(2); 2005, $(17)) 28 2 30
Ending balance (386) (88) (65)
Treasury stock
Beginning balance (2,363) (2,346) (2,470)
Acquired — (157) (671)
Issued under stock plans and other 17 33 49
Ending balance (2,346) (2,470) (3,092)
Total stockholders’ equity $ 6,460 7,238 7,400
Comprehensive income
( Net earnings and changes in Foreign currency translation,
Minimum pension liability and Cash flow hedges) $ 1,350 1,555 1,445
See accompanying Notes to Consolidated Financial Statements.