Boeing 2009 Annual Report Download - page 110

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During the first quarter of 2006, we granted Performance Awards to our executives with the payout
based on the achievement of financial goals for the three-year period ending December 31, 2008. The
payout for these awards of $137 occurred in the first quarter of 2009.
Deferred Compensation
The Company has a deferred compensation plan which permits executives to defer receipt of a portion
of their salary, bonus, and certain other incentive awards. Prior to May 1, 2006, employees who
participated in the deferred compensation plan could choose to defer in either an interest earning
account or a Boeing stock unit account. Effective May 1, 2006, participants can diversify deferred
compensation among 19 investment funds including the interest earning account and the Boeing stock
unit account.
Total expense/(income) related to deferred compensation was $158, ($223), and $51 in 2009, 2008,
and 2007, respectively. Additionally, for employees who elected to defer their compensation in stock
units prior to January 1, 2006, the Company matched 25% of the deferral with additional stock units.
Effective January 1, 2006, all matching contributions are settled in stock upon retirement. As of
December 31, 2009 and 2008, the deferred compensation liability which is being marked to market
was $1,143 and $1,074.
Note 16 – Shareholders’ Equity
On October 29, 2007, the Board approved the repurchase of up to $7 billion of common stock (the
Program). Unless terminated earlier by a Board resolution, the Program will expire when we have used
all authorized funds for repurchase. At December 31, 2009, $3,610 in shares may still be purchased
under the Program.
As of December 31, 2009 and 2008, there were 1,200,000,000 common shared authorized. Twenty
million shares of authorized preferred stock remain unissued.
Changes in Share Balances
The following table shows changes in each class of shares:
Common
Stock
Treasury
Stock
ShareValue
Trust
Balance January 1, 2007 1,012,261,159 223,522,176 30,903,026
Issued (8,300,606)
Acquired 28,995,600 459,824
Balance December 31, 2007 1,012,261,159 244,217,170 31,362,850
Issued (629,111)
Acquired 42,073,885 658,582
Payout (3,560,663)
Balance December 31, 2008 1,012,261,159 285,661,944 28,460,769
Issued (30,428,387)
Acquired 1,173,152 1,102,555
Balance December 31, 2009 1,012,261,159 256,406,709 29,563,324
98