KEYCORP AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERSGLYPH<213> EQUITY Common Accumulated Shares Loans to Treasury Other dollars in millions,  Outstanding Common Capital Retained ESOP Stock, Comprehensive Comprehensive except per share amounts (000) Shares Surplus Earnings Trustee at Cost Income (Loss) Income BALANCE AT DECEMBER 31, 2000 423,254 $492 $1,402 $6,352 $(13) $(1,600) $(10) Net income 132 $132 Other comprehensive income (losses): Net unrealized gains on securities available  for sale, net of income taxes of $11 a 13 13 Cumulative effect of change in accounting  for derivative GLYPH<222>nancial instruments,  net of income taxes of ($12) (22) (22) Net unrealized gains on derivative GLYPH<222>nancial  instruments, net of income taxes of $12 20 20 Foreign currency translation adjustments 1 1 Total comprehensive income $144 Cash dividends declared on common  shares ($1.48 per share) (628) Issuance of common shares: Acquisition of The Wallach Company, Inc. 371 9 Employee beneGLYPH<222>t and dividend  reinvestment plans 2,416 (12) 56 Repurchase of common shares (2,036) (50) ESOP transactions 13 BALANCE AT DECEMBER 31, 2001 424,005 $492 $1,390 $5,856 GLYPH<209> $(1,585) $ 2 Net income 976 $ 976 Other comprehensive income (losses): Net unrealized gains on securities available  for sale, net of income taxes of $27 a 47 47 Net unrealized gains on derivative GLYPH<222>nancial  instruments, net of income taxes of $5 8 8 Foreign currency translation adjustments 7 7 Minimum pension liability adjustment,  net of income taxes of ($14) (25) (25) Total comprehensive income $1,013 Deferred compensation 68 Cash dividends declared on common shares  ($.90 per share) (384) Issuance of common shares under employee  beneGLYPH<222>t and dividend reinvestment plans 2,939 (9) 69 Repurchase of common shares (3,000) (77) BALANCE AT DECEMBER 31, 2002 423,944 $492 $1,449 $6,448 GLYPH<209> $(1,593) $ 39 Net income 903 $903 Other comprehensive income (losses): Net unrealized losses on securities available  for sale, net of income taxes of ($42) a (66) (66) Net unrealized losses on derivative GLYPH<222>nancial  instruments, net of income taxes of ($3) (6) (6) Foreign currency translation adjustments 29 29 Minimum pension liability adjustment,  net of income taxes of ($2) (4) (4) Total comprehensive income $856 Deferred compensation 11 Cash dividends declared on common shares  ($1.22 per share) (513) Issuance of common shares under employee  beneGLYPH<222>t and dividend reinvestment plans 4,050 (12) 95 Repurchase of common shares (11,500) (303) BALANCE AT DECEMBER 31, 2003 416,494 $492 $1,448 $6,838 GLYPH<209> $(1,801) $ (8) a Net of reclassiGLYPH<222>cation adjustments. ReclassiGLYPH<222>cation adjustments represent net unrealized gains (losses) as of December 31 of the prior year, on securities available for sale that were sold during the current year. The reclassiGLYPH<222>cation adjustments were $57 million ($37 million after tax) in 2003, $35 million ($22 million after tax) in 2002 and ($5) million [($4) million after tax] in 2001. See Notes to Consolidated Financial Statements. 48 SEARCH PREVIOUS PAGE BACK TO CONTENTS NEXT PAGE