GE 2005 Annual Report Download - page 122

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(122)
Note 23
Shareowners’ Equity (Restated)
(In millions)
2005
(Restated)
2004
(Restated)
2003
(Restated)
COMMON STOCK ISSUED $669 $669 $669
ACCUMULATED NONOWNER CHANGES
OTHER THAN EARNINGS
Balance at January 1 $8,156 $ 4,079 $ (1,563)
Investment securities – net of deferred taxes
of $(307), $503 and $590 (231) 677 960
Currency translation adjustments – net of deferred
taxes of $646, $(1,314) and $(1,409) (4,315) 3,936 5,057
Cash flow hedges – net of deferred taxes of
$493, $75 and $(438) 724 203 (784)
Minimum pension liabilities – net of deferred
taxes of $(159), $(184) and $(85) (217) (421 ) (161)
Reclassification adjustments
Investment securities – net of
deferred taxes of $(100), $(142) and $(135) (206) (265 ) (250)
Currency translation adjustments (3)
–
4
Cash flow hedges – net of deferred
taxes of $(494), $(55) and $457 (771) (53 ) 816
Balance at December 31(a) $3,137 $8,156 $4,079
OTHER CAPITAL
Balance at January 1 $24,265 $ 17,497 $ 17,288
Gains on treasury stock dispositions and other(b)
962 4,615 209
Issuance of subsidiary shares(b)(c)
– 2,153
Balance at December 31 $25,227 $ 24,265 $ 17,497
RETAINED EARNINGS
Balance at January 1 $90,580 $ 82,014 $ 74,212
Net earnings 16,711 17,160 15,561
Dividends(b)
(9,647) (8,594 ) (7,759)
Balance at December 31 $97,644 $ 90,580 $ 82,014
COMMON STOCK HELD IN TREASURY
Balance at January 1 $(12,762) $ (24,597 ) $ (26,627)
Purchases(b)
(6,868) (1,892 ) (1,177)
Dispositions(b)(d)
2,304 13,727 3,207
Balance at December 31 $(17,326) $ (12,762 ) $ (24,597 )
TOTAL EQUITY
Balance at December 31 $109,351 $ 110,908 $ 79,662
(a) Included accumulated nonowner changes related to discontinued operations of $484 million, $1,649 million and $1,820 million at
December 31, 2005, 2004 and 2003, respectively.
(b) Total dividends and other transactions with shareowners reduced equity by $13,249 million in 2005; increased equity by $10,009 million
in 2004; and reduced equity by $5,520 million in 2003.
(c) Related to the issuance of 20% of NBC Universal’ s shares to a subsidiary of VU as part of the transaction described in note 16.
(d) In 2004, included 341.7 million shares valued at $10,674 million issued in the Amersham acquisition, and 119.4 million shares valued at
$3,765 million sold to partially fund the NBC and VUE combination.