Consolidated Statements of Shareholders’ Equity

 
Number of shares(in millions)
Share capital
Paid-in capital
Retained earnings
Treasury shares
Accumulated other comprehensive income (loss)
Total shareholders' equity
Balance at December 31, 2001 102.4 $102.4 $1,942.5 $107.3 $(103.0) $(155.6) $1,893.6
Comprehensive Income:






Net income


175.5

175.5
Net change in cash flow hedges




(16.8) (16.8)
Foreign currency translation




80.4 80.4
Total Comprehensive Income





239.1
Common stock incentives 1)

0.6


0.6
Cash dividends


(42.9)

(42.9)
Repurchased treasury shares



(30.4)
(30.4)
Balance at December 31, 2002 102.4 $102.4 $1,943.1 $239.9 $(133.4) $(92.0) $2,060.0

 

Comprehensive Income:








Net income


268.4

268.4
Net change in cash flow hedges




15.1 15.1
Foreign currency translation




147.2 147.2
Minimum pension liability




(4.6) (4.6)
Total Comprehensive Income





426.1
Common stock incentives1) 0.4 0.4 6.1
3.7
10.2
Cash dividends


(51.3)

(51.3)
Repurchased treasury shares



(43.0)
(43.0)
Balance at December 31, 2003 102.8 $102.8 $1,949.2 $457.0 $(172.7) $65.7 $2,402.0

 

Comprehensive Income:








Net income  

326.3  
326.3
Net change in cash flow hedges




5.1 5.1
Foreign currency translation




106.6 106.6
Minimum pension liability




(2.9) (2.9)
Total Comprehensive Income





435.1
Common stock incentives 1)

3.3
10.2
13.5
Cash dividends


(70.3)

(70.3)
Repurchased treasury shares



(143.9)
(143.9)
Balance at December 31, 2004 102.8 $102.8 $1,952.5 $713.0 $(306.4) $174.5 $2,636.4
1) See Note 15 for further details – Includes tax effects.
See Notes to Consolidated Financial Statements – in particular Note 13.