Question
Analyzing Shareholders Equity Presented below is the consolidated statement of shareholders equity for The Johnson & Johnson Company (J&J) at year-end: (in millions) Total Retained
Analyzing Shareholders Equity Presented below is the consolidated statement of shareholders equity for The Johnson & Johnson Company (J&J) at year-end:
(in millions) | Total | Retained Earnings | Accumulated Other Comprehensive Income | Common Stock | Treasury Stock | |
---|---|---|---|---|---|---|
Balance, Dec. 28, 2014 | $69,752 | $97,245 | $(10,722) | $3,120 | $(19,891) | |
Net earnings | 15,409 | 15,409 | ||||
Cash dividends paid | (8,173) | (8,173) | ||||
Employee stock compensation and stock option plans | 1,920 | (577) | 2,497 | |||
Repurchase of common stock | (5,290) | (5,290) | ||||
Other comprehensive income, net of tax | (2,443) | (2,443) | ||||
Other | (25) | (25) | ||||
Balance, January 3, 2016 | $71,150 | $103,879 | $(13,165) | $3,120 | $(22,684) |
The following information is provided in J&J's notes to its financial statements
Accumulated Other Comprehensive Income Components of other comprehensive income (loss) consist of the following:
(in millions) | Foreign Currency Translation | Gain/Loss on Securities | Employee Benefit Plans | Gain/(Loss) on Derivatives & Hedges | Total Accumulated Other Comp. Income (Loss) | |
---|---|---|---|---|---|---|
December 28, 2014 | $(4,803) | $257 | $(6,317) | $141 | $(10,722) | |
Net 2015 changes | (3,632) | 347 | 1,019 | (177) | (2,443) | |
January 3, 2016 | $(8,435) | $604 | $(5,298) | $(36) | $(13,165) |
Based on your review of this data, consider the following questions:
1. How much cash dividends did J&J pay during the year?
$________________ million
2. What was the value of the common stock distributed to employees under J&Js stock compensation plan and stock option plan?
$________________ million
3. What was the value of the treasury stock repurchase during the year?
$________________ million
4. What happened to J&Js currency translation adjustment account?
The currency translation account decreased by $________________ million.
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