Avon 2012 Annual Report Download - page 72

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CONSOLIDATED STATEMENTS OF CHANGES
IN SHAREHOLDERS’ EQUITY
Common Stock Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury Stock Non-
controlling
Interest(In millions, except per share data) Shares Amount Shares Amount Total
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 net actuarial losses, prior service
credit, and transition obligation, net of taxes
of $12.2 25.5 25.5
Adjustments of net actuarial losses and prior
service cost, 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 net actuarial losses, prior service
credit, and transition obligation, net of taxes
of $14.5 29.4 29.4
Adjustments of net actuarial losses and prior
service cost, net of taxes of $46.9 (103.4) (103.4)
Net derivative losses on cash flow hedges, net
of taxes of $2.1 3.9 3.9
Net derivative gains on net investment hedge (2.8) (2.8)
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
Comprehensive loss:
Net (loss) income (42.5) 4.3 (38.2)
Foreign currency translation adjustments (.2) .6 .4
Amortization of net actuarial losses, prior service
credit, and transition obligation, net of taxes
of $15.8 33.9 33.9
Adjustments of net actuarial losses and prior
service cost, net of taxes of $17.8 (58.4) (58.4)
Net derivative losses on cash flow hedges, net
of taxes of $2.1 3.9 3.9
Net derivative gains on net investment hedge (1.5) (1.5)
Total comprehensive loss (59.9)
Dividends – $.75 per share (325.8) (325.8)
Exercise / vesting and expense of share-based
compensation 1.8 1.0 44.3 (.1) 3.2 48.5
Repurchase of common stock .5 (8.8) (8.8)
Purchases and sales of noncontrolling interests,
net of dividends paid of $3.5 (3.5) (3.5)
Income tax benefits – stock transactions (2.4) (2.4)
Balances at December 31, 2012 746.7 $188.3 $2,119.6 $4,357.8 $(876.7) 314.5 $(4,571.9) $16.2 $1,233.3
The accompanying notes are an integral part of these statements.
A V O N 2012 F-7