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.
