|
Annual Report 2004 Financial Review - Consolidated Statements of Shareholders' Equity
|
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(in millions)
Supplemental Information
In September 2001, the Company's Board of Directors authorized a stock repurchase program. As of July 31, 2004, the Company's Board of Directors has authorized the repurchase of up to $25 billion of common stock under this program. For additional information regarding stock repurchases, see Note 9 to the Consolidated Financial Statements. The purchase price of shares of common stock repurchased was reflected as a reduction to retained earnings and common stock and additional paid-in capital. Issuance of common stock and the tax benefit related to employee stock option plans are recorded as an increase to common stock and additional paid-in capital. The stock repurchases pursuant to this program are summarized in the table below (in millions):
See Notes to Consolidated Financial Statements.
Back to top
|
|
|
|
