104
Dollars in millions (Note 3)
Accumulated
Subsidiary Additional other Treasury
tracking Common paid-in Retained comprehensive stock, at
stock stock capital earnings income cost Total
Balance at March 31, 2003. . . . . . . . . . . . . . . . . . . . . . . $38 $4,542 $9,463 $12,517 $(4,538) $ (90) $21,932
Conversion of convertible bonds. . . . . . . . . . . . . . . . . . . 38 38 76
Stock issued under exchange offering (Note 15) . . . . . . . 52 52
Comprehensive income:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 851 851
Other comprehensive income, net of tax (Note 15)—
Unrealized gains on securities:
Unrealized holding gains or losses arising
during the period. . . . . . . . . . . . . . . . . . . . . . . . 558 558
Less: Reclassification adjustment for gains
or losses included in net income . . . . . . . . . (55) (55)
Unrealized losses on derivative instruments:
Unrealized holding gains or losses arising
during the period. . . . . . . . . . . . . . . . . . . . . . . . 72 72
Less: Reclassification adjustment for gains
or losses included in net income . . . . . . . . . (32) (32)
Minimum pension liability adjustment . . . . . . . . . . . 898 898
Foreign currency translation adjustments:
Translation adjustments arising during the period . . (1,242) (1,242)
Less: Reclassification adjustment for losses
included in net income . . . . . . . . . . . . . . . . 12 12
Total comprehensive income. . . . . . . . . . . . . . . . . . . . 1,062
Stock issue costs, net of tax . . . . . . . . . . . . . . . . . . . . . . (1) (1)
Dividends declared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (222) (222)
Purchase of treasury stock . . . . . . . . . . . . . . . . . . . . . . . (82) (82)
Reissuance of treasury stock . . . . . . . . . . . . . . . . . . . . . . (7) 55 48
Balance at March 31, 2004. . . . . . . . . . . . . . . . . . . . . . . $38 $4,580 $9,546 $13,145 $(4,327) $(117) $22,865
The accompanying notes are an integral part of these statements.
* U.S. dollar amounts have been translated from yen, for convenience only, at the rate of ¥104=U.S.$1, the approximate Tokyo foreign exchange market rate as of March 31, 2004.
