Avon 2011 Annual Report Download - page 66

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CONSOLIDATED STATEMENTS OF CHANGES
IN SHAREHOLDERS’ EQUITY
(In millions, except per share data)
Common Stock Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury Stock Non-
controlling
Interest TotalShares Amount Shares Amount
Balances at December 31, 2008 739.4 $185.6 $1,874.1 $4,118.9 $(965.9) 313.1 $(4,537.8) $37.4 $ 712.3
Comprehensive income:
Net income 625.8 2.4 628.2
Foreign currency translation adjustments 193.1 (.3) 192.8
Changes in available-for-sale securities, net of taxes
of $0.1 .3 .3
Amortization of unrecognized actuarial losses and
prior service credit, net of taxes of $12.2 30.4 30.4
Net actuarial losses and prior service cost arising
during 2009, net of taxes of $26.4 41.1 41.1
Net derivative losses on cash flow hedges, net of
taxes of $4.7 8.4 8.4
Total comprehensive income
Dividends – $.84 per share (360.8)
901.2
(360.8)
Exercise / vesting and expense of share-based
compensation 1.5 .5 67.6 (.1) .6 68.7
Repurchase of common stock .4 (8.6) (8.6)
Purchases and sales of noncontrolling interests, net of
dividends paid of $4.8 .5 .5
Income tax benefits – stock transactions (.7) (.7)
Balances at December 31, 2009 740.9 $186.1 $1,941.0 $4,383.9 $(692.6) 313.4 $(4,545.8) $40.0 $1,312.6
Comprehensive income:
Net income 606.3 3.0 609.3
Foreign currency translation adjustments 55.4 4.2 59.6
Amortization of unrecognized actuarial losses and
prior service credit, net of taxes of $12.2 25.5 25.5
Net actuarial losses and prior service cost arising
during 2010, net of taxes of $5.1 (8.8) (8.8)
Sale of Avon Japan, net of taxes of $8.1 10.6 10.6
Net derivative losses on cash flow hedges, net of
taxes of $2.2 4.1 4.1
Total comprehensive income 700.3
Dividends – $.88 per share (379.4) (379.4)
Exercise / vesting and expense of share-based
compensation 2.4 .5 78.9 – .6 80.0
Repurchase of common stock .4 (14.1) (14.1)
Purchases and sales of noncontrolling interests, net of
dividends paid of $3.8 (31.1) (31.1)
Income tax benefits – stock transactions 4.3 4.3
Balances at December 31, 2010 743.3 $186.6 $2,024.2 $4,610.8 $(605.8) 313.8 $(4,559.3) $16.1 $1,672.6
Comprehensive income:
Net income 513.6 4.2 517.8
Foreign currency translation adjustments (175.7) (.4) (176.1)
Amortization of unrecognized actuarial losses and
prior service credit, net of taxes of $14.5 29.4 29.4
Net actuarial losses and prior service cost arising
during 2011, net of taxes of $46.9 (103.4) (103.4)
Net derivative losses on cash flow hedges, net of
taxes of $2.1 1.1 1.1
Total comprehensive income 268.8
Dividends – $.92 per share (398.3) (398.3)
Exercise / vesting and expense of share-based
compensation 1.6 .7 53.7 – .7 55.1
Repurchase of common stock .3 (7.7) (7.7)
Purchases and sales of noncontrolling interests, net of
dividends paid of $5.1 (5.1) (5.1)
Income tax benefits – stock transactions (.2) (.2)
Balances at December 31, 2011 744.9 $187.3 $2,077.7 $4,726.1 $(854.4) 314.1 $(4,566.3) $14.8 $1,585.2
The accompanying notes are an integral part of these statements.