Foot Locker 2003 Annual Report Download - page 37

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
2003 2002 2001
Shares Amount Shares Amount Shares Amount
(shares in thousands, amounts in millions)
Common Stock and Paid-In Capital
Par value $0.01 per share,
500 million shares authorized
Issued at beginning of year ................ 141,180 $ 378 139,981 $ 363 138,691 $ 351
Restricted stock issued under stock option
and award plans ........................ 845 — 60 — 210 (2)
Forfeitures of restricted stock .............. —1—1—1
Amortization of stock issued under
restricted stock option plans ............. —4—2—2
Issued under director and employee stock
plans, net of tax ........................ 1,984 28 1,139 12 1,080 11
Issued at end of year ...................... 144,009 411 141,180 378 139,981 363
Common stock in treasury at beginning
of year ................................. (105) (1) (70) — (200) (2)
Reissued under employee stock plans ....... 152 1 — — 192 1
Restricted stock issued under stock option
and award plans ........................ — — 30 — 210 2
Forfeitures of restricted stock .............. (80) (1) (60) (1) (270) (1)
Exchange of options ....................... (24) — (5) — (2) —
Common stock in treasury at end of year .... (57) (1) (105) (1) (70) —
143,952 410 141,075 377 139,911 363
Retained Earnings
Balance at beginning of year ............... 946 797 705
Net income ............................... 207 153 92
Cash dividends declared on common stock
$0.15, $0.03 and $— per share,
respectively ............................ (21) (4) —
Balance at end of year ..................... 1,132 946 797
Accumulated Other Comprehensive Loss
Foreign Currency Translation Adjustment
Balance at beginning of year ............... (15) (53) (41)
Translation adjustment arising during
the period .............................. 31 38 (12)
Balance at end of year ..................... 16 (15) (53)
Cash Flow Hedges
Balance at beginning of year ............... — — —
Change during year, net of tax ............. (1) — —
Balance at end of year ..................... (1) — —
Minimum Pension Liability Adjustment
Balance at beginning of year ............... (198) (115) —
Change during year, net of tax ............. 16 (83) (115)
Balance at end of year ..................... (182) (198) (115)
Total Accumulated Other
Comprehensive Loss .................... (167) (213) (168)
Total Shareholders’ Equity ................ $1,375 $1,110 $ 992
See Accompanying Notes to Consolidated Financial Statements.
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