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64
FORD MOTOR COMPANY AND SUBSIDIARIES
For the Years Ended December 31, 2002, 2001 and 2000
(in millions)
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
Capital
Stock
Capital
in Excess
of Par
Value of
Stock
Retained
Earnings
Foreign
Currency
Translation
Minimum
Pension
Liability
Derivative
Instruments
and Other Other Total
Other Comprehensive Income
YEAR ENDED DECEMBER 31, 2000
Balance at beginning of year $ 1,222 $ 5,049 $ 24,606 $ (1,565) $ (374) $ 83 $ (1,417) $ 27,604
Comprehensive income
Net income 3,467 3,467
Foreign currency translation (1,538) (1,538)
Minimum pension liability
(net of tax of $36) (66) (66)
Net holding gain
(net of tax of $15) 28 28
Comprehensive income 1,891
Common Stock issued for employee
benefit plans and other (78) (78)
ESOP loan and treasury stock (618) (618)
Value Enhancement Plan (1,203) 1,203 (5,731) (5,731)
Stock dividend (Spin-off of Visteon) (1,707) (1,707)
Cash dividends (2,751) (2,751)
Balance at end of year $ 19 $ 6,174 $ 17,884 $ (3,103) $ (440) $ 111 $ (2,035) $ 18,610
YEAR ENDED DECEMBER 31, 2001
Balance at beginning of year $ 19 $ 6,174 $ 17,884 $ (3,103) $ (440) $ 111 $ (2,035) $ 18,610
Comprehensive income
Net loss (5,453) (5,453)
Foreign currency translation (1,240) (1,240)
Net loss on derivative
instruments (net of tax
of $ 592) (Note 17) 129 (1,228) (1,099)
Minimum pension liability
(net of tax of $3) (5) (5)
Net holding loss
(net of tax of $74) (137) (137)
Comprehensive loss (7,934)
Common Stock issued for employee
benefit plans and other (173) (173)
ESOP loan and treasury stock (788) (788)
Cash dividends (1,929) (1,929)
Balance at end of year $ 19 $ 6,001 $ 10,502 $ (4,214) $ (445) $ (1,254) $ (2,823) $ 7,786
YEAR ENDED DECEMBER 31, 2002
Balance at beginning of year $ 19 $ 6,001 $ 10,502 $ (4,214) $ (445) $ (1,254) $ ( 2,823) $ 7,786
Comprehensive income
Net loss (980) (980)
Foreign currency translation 2,938 2,938
Net gain on derivative
instruments (net of tax
of $822) (Note 17) (15) 1,541 1,526
Minimum pension liability
(net of tax of $2,870) (5,331) (5,331)
Net holding gain
(net of tax of $134) 249 249
Comprehensive loss (1,598)
Common Stock issued for employee
benefit plans and other (524) (524)
Preferred Stock—Series B redemption (57) (120) (177)
ESOP loan and treasury stock 846 846
Cash dividends (743) (743)
Balance at end of year $ 19 $ 5,420 $ 8,659 $ (1,291) $ (5,776) $ 536 $ (1,977) $ 5,590
The accompanying notes are part of the financial statements.