Johnson and Johnson 2006 Annual Report Download - page 54

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52 JOHNSON & JOHNSON 2006 ANNUAL REPORT
Balance, December 28, 2003$27,464 31,098 (18) (590) 3,120 (6,146)
Net earnings 8,180 8,180 8,180
Cash dividends paid(3,251) (3,251)
Employee stock compensation
and stock option plans 1,339 (64) 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
Employee benefit plans (282) (282) (282)
Gains on derivatives & hedges 30 30 30
Reclassification adjustment (10)
Total comprehensive income 8,245
Note receivable from ESOP 7 7
Balance, January 2, 2005 $32,535 35,945 (11) (515) 3,120 (6,004)
Net earnings 10,060 10,060 10,060
Cash dividends paid(3,793) (3,793)
Employee stock compensation
and stock option plans 1,485 27 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)
Employee benefit plans 26 26 26
Gains on derivatives & hedges 165 165 165
Reclassification adjustment (15)
Total comprehensive income 9,805
Note receivable from ESOP 11 11
Balance, January 1, 2006 $38,710 42,310 —(755) 3,120 (5,965)
Net earnings 11,053 11,053 11,053
Cash dividends paid(4,267) (4,267)
Employee compensation
and stock option plans 1,858 181 1,677
Conversion of subordinated debentures 26 (10) 36
Repurchase of common stock (6,722) (6,722)
Other 23 23
Other comprehensive income, net of tax:
Currency translation adjustment 362 362 362
Unrealized losses on securities (9) (9) (9)
Employee benefit plans (1,710) (34) (1,710)
Losses on derivatives & hedges (6) (6) (6)
Reclassification adjustment (9)
Total comprehensive income 11,357
Balance, December 31, 2006 $39,318 49,290 —(2,118) 3,120 (10,974)
Consolidated Statements of EquityJohnson & Johnson and Subsidiaries
Note Receivable Accumulated
From Employee Other Treasury
Comprehensive Retained Stock Ownership Comprehensive Common Stock Stock
(Dollars in Millions) (Note 1) Total Income Earnings Plan (ESOP) Income Issued Amount Amount
See Notes to Consolidated Financial Statements