Johnson and Johnson 2005 Annual Report Download - page 43

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CONSOLIDATED FINANCIAL STATEMENTS PAGE 41
Note Receivable Accumulated Common
From Employee Other Stock Treasury
Comprehensive Retained Stock Ownership Comprehensive Issued Stock
(Dollars in Millions) (Note 1) Total Income Earnings Plan (ESOP) Income Amount Amount
Balance, December 29, 2002 $22,697 26,571 (25) (842) 3,120 (6,127)
Net earnings 7,197 7,197 7,197
Cash dividends paid (2,746) (2,746)
Employee stock compensation
and stock option plans 534 (626) 1,160
Conversion of subordinated debentures 2 (2) 4
Repurchase of common stock (1,183) (1,183)
Business combinations 109 109
Other comprehensive income, net of tax:
Currency translation adjustment 334 334 334
Unrealized gains on securities 29 29 29
Pension liability adjustment (31) (31) (31)
Losses on derivatives & hedges (80) (80) (80)
Reclassification adjustment (2)
Total comprehensive income 7,447
Note receivable from ESOP 7 7
Balance, December 28, 2003 $26,869 30,503 (18) (590) 3,120 (6,146)
Net earnings 8,509 8,509 8,509
Cash dividends paid (3,251) (3,251)
Employee stock compensation
and stock option plans 883 (520) 1,403
Conversion of subordinated debentures 105 (18) 123
Repurchase of common stock (1,384) (1,384)
Other comprehensive income, net of tax:
Currency translation adjustment 268 268 268
Unrealized gains on securities 59 59 59
Pension liability adjustment (282) (282) (282)
Gains on derivatives & hedges 30 30 30
Reclassification adjustment (10)
Total comprehensive income 8,574
Note receivable from ESOP 7 7
Balance, January 2, 2005 $31,813 35,223 (11) (515) 3,120 (6,004)
Net earnings 10,411 10,411 10,411
Cash dividends paid (3,793) (3,793)
Employee stock compensation
and stock option plans 1,017 (441) 1,458
Conversion of subordinated debentures 369 (132) 501
Repurchase of common stock (1,717) 203 (1,920)
Other comprehensive income, net of tax:
Currency translation adjustment (415) (415) (415)
Unrealized losses on securities (16) (16) (16)
Pension liability adjustment 26 26 26
Gains on derivatives & hedges 165 165 165
Reclassification adjustment (15)
Total comprehensive income 10,156
Note receivable from ESOP 11 11
Balance, January 1, 2006 $37,871 41,471 — (755) 3,120 (5,965)
See Notes to Consolidated Financial Statements
CONSOLIDATED STATEMENTS OF EQUITY JOHNSON & JOHNSON AND SUBSIDIARIES