Consolidated statement of stockholders' equity (audited)
| ($ in millions) | |||||
| Common Stock and Additional Paid-in Capital | Retained Earnings | Treasury Stock | Accumulated Gains and (Losses) Not Affecting Retained Earnings | Total | |
|---|---|---|---|---|---|
|
* Foreign currency translation adjustments are presented gross with associated hedges shown net of tax. The accompanying notes are an integral part of the financial statements. |
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| 2005 | |||||
| Stockholders’ equity, January 1, 2005 | $ 26,673 | $ 38,148 | $ (31,072) | $ (2,061) | $ 31,688 |
| Net income plus gains and (losses) not affecting retained earnings: | |||||
| Net income | 7,934 | $ 7,934 | |||
| Gains and (losses) not affecting retained earnings (net of tax): | |||||
| Net unrealized gains on cash flow hedge derivatives (net of tax expense of $502) | 891 | 891 | |||
| Foreign currency translation adjustments (net of tax expense of $345*) | (1,153) | (1,153) | |||
| Minimum pension liability adjustment (net of tax expense of $320) | 290 | 290 | |||
| Net unrealized gains on marketable securities (net of tax expense of $8) | 17 | 17 | |||
| Total gains and (losses) not affecting retained earnings | 45 | ||||
| Subtotal: Net income plus gains and (losses) not affecting retained earnings | $ 7,979 | ||||
| Cash dividends declared—common stock | (1,250) | (1,250) | |||
| Common stock issued under employee plans (18,572,017 shares) | 2,257 | 2,257 | |||
| Purchases (606,697 shares) and sales (2,594,786 shares) of treasury stock under employee plans—net | (98) | 197 | 99 | ||
| Other treasury shares purchased, not retired (90,237,800 shares) | (7,671) | (7,671) | |||
| Decrease in shares remaining to be issued in acquisition | (24) | (24) | |||
| Income tax benefits—stock transactions | 20 | 20 | |||
| Stockholders’ equity, December 31, 2005 | $ 28,926 | $ 44,734 | $ (38,546) | $ (2,016) | $ 33,098 |
| ($ in millions) | |||||
| Common Stock and Additional Paid-in Capital | Retained Earnings | Treasury Stock | Accumulated Gains and (Losses) Not Affecting Retained Earnings | Total | |
|---|---|---|---|---|---|
|
* Foreign currency translation adjustments are presented gross with associated hedges shown net of tax. The accompanying notes are an integral part of the financial statements. |
|||||
| 2006 | |||||
| Stockholders’ equity, January 1, 2006 | $ 28,926 | $ 44,734 | $ (38,546) | $ (2,016) | $ 33,098 |
| Net income plus gains and (losses) not affecting retained earnings: | |||||
| Net income | 9,492 | $ 9,492 | |||
| Gains and (losses) not affecting retained earnings (net of tax): | |||||
| Net unrealized losses on cash flow hedge derivatives (net of tax benefit of $178) | (342) | (342) | |||
| Foreign currency translation adjustments (net of tax benefit of $225*) | 1,020 | 1,020 | |||
| Minimum pension liability adjustment (net of tax expense of $900) | 1,881 | 1,881 | |||
| Net unrealized gains on marketable securities (net of tax expense of $34) | 53 | 53 | |||
| Total gains and (losses) not affecting retained earnings | 2,613 | ||||
| Adjustments to initially adopt SFAS No. 158 | |||||
| Prior service credits/(costs) (net of tax expense of $494) | 871 | 871 | |||
| Net gains/(losses) (net of tax benefit of $6,028) | (10,371) | (10,371) | |||
| Transition assets/(obligations) (net of tax expense of $1) | 2 | 2 | |||
| Subtotal: Net income plus gains and (losses) not affecting retained earnings and adjustments to adopt SFAS No. 158 | $ 2,607 | ||||
| Cash dividends declared—common stock | (1,683) | (1,683) | |||
| Common stock issued under employee plans (27,211,279 shares) | 2,322 | 2,322 | |||
| Purchases (633,769 shares) and sales (3,489,803 shares) of treasury stock under employee plans—net | (111) | 272 | 161 | ||
| Other treasury shares purchased, not retired (97,564,462 shares) | (8,022) | (8,022) | |||
| Decrease in shares remaining to be issued in acquisition | (3) | (3) | |||
| Income tax benefits—stock transactions | 26 | 26 | |||
| Stockholders’ equity, December 31, 2006 | $ 31,271 | $ 52,432 | $ (46,296) | $ (8,901) | $ 28,506 |
| ($ in millions) | |||||
| Common Stock and Additional Paid-in Capital | Retained Earnings | Treasury Stock | Accumulated Gains and (Losses) Not Affecting Retained Earnings | Total | |
|---|---|---|---|---|---|
|
* Foreign currency translation adjustments are presented gross with associated hedges shown net of tax. The accompanying notes are an integral part of the financial statements. |
|||||
| 2007 | |||||
| Stockholders’ equity, January 1, 2007 | $ 31,271 | $ 52,432 | $ (46,296) | $ (8,901) | $ 28,506 |
| Adjustment to initially adopt FIN 48 | 117 | 117 | |||
| Net income plus gains and (losses) not affecting retained earnings: | |||||
| Net income | 10,418 | $ 10,418 | |||
| Gains and (losses) not affecting retained earnings (net of tax): | |||||
| Net unrealized losses on cash flow hedge derivatives (net of tax benefit of $32) | (123) | (123) | |||
| Foreign currency translation adjustments (net of tax benefit of $553*) | 726 | 726 | |||
| Retirement-related benefit plans: | |||||
| Prior service credits (net of tax expense of $31) | 44 | 44 | |||
| Net gains/(losses) (net of tax expense of $1,913) | 3,611 | 3,611 | |||
| Amortization of prior service costs/(credits) (net of tax benefit of $50) | (85) | (85) | |||
| Amortization of net gains/(losses) (net of tax expense of $654) | 1,110 | 1,110 | |||
| Amortization of transition assets (net of tax benefit of $1) | (2) | (2) | |||
| Net unrealized gains on marketable securities (net of tax expense of $132) | 206 | 206 | |||
| Total gains and (losses) not affecting retained earnings | 5,487 | ||||
| Subtotal: Net income plus gains and (losses) not affecting retained earnings | $ 15,905 | ||||
| Cash dividends declared—common stock | (2,147) | (2,147) | |||
| Common stock issued under employee plans (49,137,038 shares) | 4,332 | 4,332 | |||
| Purchases (1,282,131 shares) and sales (9,282,055 shares) of treasury stock under employee plans—net | (179) | 729 | 550 | ||
| Other treasury shares purchased, not retired (178,385,436 shares) | (405) | (18,378) | (18,783) | ||
| Decrease in shares remaining to be issued in acquisition | (6) | (6) | |||
| Income tax expense—stock transactions | (4) | (4) | |||
| Stockholders’ equity, December 31, 2007 | $ 35,188 | $ 60,640 | $ (63,945) | $ (3,414) | $ 28,470 |
