Baker Hughes 2009 Annual Report Download - page 113

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2009 Form 10-K 39
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Accumulated
Capital in Other
Common Excess of Retained Comprehensive
(In millions, except per share amounts) Stock Par Value Earnings Loss Total
Balance, December 31, 2006 $ 320 $ 1,600 $ 3,510 $ (187) $ 5,243
Adoption of ASC 360, Property, Plant and Equipment,
net of tax of $(9) 25 25
Adoption of ASC 740, Income Taxes (64) (64)
Adjusted beginning balance January 1, 2007 $ 320 $ 1,600 $ 3,471 $ (187) $ 5,204
Comprehensive income:
Net income 1,514
Foreign currency translation adjustments 72
Defined benefit pension plans, net of tax of $(37) 71
Total comprehensive income 1,657
Issuance of common stock, pursuant to employee stock plans 2 66 68
Tax benefit on stock plans 19 19
Stock-based compensation 46 46
Repurchase and retirement of common stock (6) (515) (521)
Cash dividends ($0.52 per share) (167) (167)
Balance, December 31, 2007 $ 316 $ 1,216 $ 4,818 $ (44) $ 6,306
Adoption of ASC 715, Compensation – Retirement Benefits (4) (4)
Adjusted beginning balance January 1, 2008 316 1,216 4,814 (44) 6,302
Comprehensive income:
Net income 1,635
Foreign currency translation adjustments (354)
Defined benefit pension plans, net of tax of $67 (125)
Total comprehensive income 1,156
Issuance of common stock, pursuant to employee stock plans 2 76 78
Tax benefit on stock plans 11 11
Stock-based compensation 60 60
Repurchase and retirement of common stock (9) (618) (627)
Cash dividends ($0.56 per share) (173) (173)
Balance, December 31, 2008 $ 309 $ 745 $ 6,276 $ (523) $ 6,807
Comprehensive income:
Net income 421
Foreign currency translation adjustments 122
Defined benefit pension plans, net of tax of $2 (13)
Total comprehensive income 530
Issuance of common stock, pursuant to employee stock plans 3 43 46
Tax provision on stock plans (2) (2)
Stock-based compensation 88 88
Cash dividends ($0.60 per share) (185) (185)
Balance, December 31, 2009 $ 312 $ 874 $ 6,512 $ (414) $ 7,284
See Notes to Consolidated Financial Statements