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    |
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| Praxair,
Inc. and Subsidiaries (Dollar amounts in millions, except per share data, shares in thousands) |
||||||||
|
Accumulated
|
||||||||
|
Additional
|
Other
|
|||||||
|
Common
Stock |
Paid-in
|
Treasury
Stock |
Retained
|
Comprehensive
|
||||
| Activity |
Shares
|
Amounts
|
Capital
|
Shares
|
Amounts
|
Earnings
|
Income (Loss)
|
Total
|
 |
|
|
|
|
|
|
|
|
| Balance, December 31, 2000 |
166,309
|
$2
|
$1,658
|
6,930
|
$(279)
|
$1,987
|
$(1,011)
|
$2,357
|
 |
|
|
|
|
|
|
|
|
| Net income |
430
|
430
|
||||||
| Translation adjustments |
(270)
|
(270)
|
||||||
| Derivative instruments,net of $2 million
taxes |
(4)
|
(4)
|
||||||
| Minimum pension liability,net of $6 million
taxes |
(12)
|
(12)
|
||||||
|
|
||||||||
| Comprehensive
income |
144
|
|||||||
| Dividends on common stock ($0.34 per share,
Note 1) |
(110)
|
(110)
|
||||||
| Issuances of common stock: | ||||||||
| For
the dividend reinvestment and stock purchase
plan |
45
|
1
|
1
|
|||||
| For
employee savings and incentive plans |
3,787
|
136
|
(619)
|
25
|
161
|
|||
| Purchase of common stock |
1,687
|
(76)
|
(76)
|
|||||
|
|
|
|
|
|
|
|
|
|
| Balance, December 31, 2001 |
170,141
|
$2
|
$1,795
|
7,998
|
$(330)
|
$2,307
|
$(1,297)
|
$2,477
|
| |
|
|
|
|
|
|
|
|
| Net income |
|
|
|
|
|
409
|
|
409
|
| Translation adjustments |
|
|
|
|
|
|
(284)
|
(284)
|
| Derivatives instruments, net of $2 million
taxes |
|
|
|
|
|
|
3
|
3
|
| Minimum pension liability, net of $52 million
taxes |
|
|
|
|
|
|
(95)
|
(95)
|
|
|
|
|
|
|
|
|
|
|
| Comprehensive
income |
|
|
|
|
|
|
|
33
|
| Dividends on common stock($0.38 per share
Note 1) |
|
|
|
|
|
(123)
|
|
(123)
|
| Issuances of common stock: |
|
|
|
|
|
|
|
|
| For
the dividend reinvestmentand stock purchase
plan |
46
|
|
|
|
|
|
—
|
|
| For
employee savings and incentive plans |
3,763
|
|
170
|
(1,292)
|
59
|
|
|
229
|
| Purchase of common stock |
|
|
|
4,976
|
(276)
|
|
|
(276)
|
|
|
|
|
|
|
|
|
|
|
| Balance, December 31, 2002 |
173,950
|
$2
|
$1,965
|
11,682
|
$(547)
|
$2,593
|
$(1,673)
|
$2,340
|
| |
|
|
|
|
|
|
|
|
| Net income |
|
|
|
|
|
585
|
|
585
|
| Translation adjustments |
|
|
|
|
|
|
313
|
313
|
| Minimum pension liability,net of $5 million
taxes |
|
|
|
|
|
|
8
|
8
|
|
|
|
|
|
|
|
|
|
| Comprehensive
income |
|
|
|
|
|
|
|
906
|
| Dividends on common stock($0.46 per share) |
|
|
|
|
|
(149)
|
|
(149)
|
| Issuances of common stock: |
|
|
|
|
|
|
|
|
| For
the dividend reinvestmentand stock purchase
plan |
48
|
|
|
|
|
|
|
—
|
| For
employee savingsand incentive plans |
3,535
|
|
183
|
(1,681)
|
79
|
|
|
262
|
| Purchase of common stock |
|
|
|
4,614
|
(271)
|
|
|
(271)
|
| Two-for-one stock split (Note 1) |
177,418
|
2
|
14,250
|
(2)
|
—
|
|||
|
|
|
|
|
|
|
|
|
| Balance, December 31, 2003 |
354,951
|
$4
|
$2,148
|
28,865
|
$(739)
|
$3,027
|
$(1,352)
|
$3,088
|
| |
|
|
|
|
|
|
|
|
| The accompanying Notes are an integral part of these financial statements | ||||||||
