Boeing 2011 Annual Report Download - page 108

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Changes in Share Balances
The following table shows changes in each class of shares:
Common
Stock
Treasury
Stock
ShareValue
Trust
Balance January 1, 2009 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
Issued (9,353,570)
Acquired 385,596
ShareValue Trust termination 29,948,920 (29,948,920)
Balance December 31, 2010 1,012,261,159 277,002,059
Issued (9,445,671)
Acquired
Balance December 31, 2011 1,012,261,159 267,556,388
Accumulated Other Comprehensive Loss
The components of Accumulated other comprehensive loss at December 31 were as follows:
2011 2010
Pension and postretirement adjustments $(16,755) $(14,079)
Unrealized gains on derivative instruments, net of reclassification adjustments 66 95
Unrealized losses on certain investments, net of reclassification adjustments (8) (6)
Foreign currency translation adjustments 197 232
Accumulated other comprehensive loss $(16,500) $(13,758)
Note 18 – Derivative Financial Instruments
Cash Flow Hedges
Our cash flow hedges include foreign currency forward contracts, foreign currency option contracts,
commodity swaps, and commodity purchase contracts. We use foreign currency forward and option
contracts to manage currency risk associated with certain transactions, specifically forecasted sales
and purchases made in foreign currencies. Our foreign currency contracts hedge forecasted
transactions principally occurring within five years in the future, with certain contracts hedging
transactions up to 2021. We use commodity derivatives, such as swaps and fixed-price purchase
commitments, to hedge against potentially unfavorable price changes for items used in production.
These include commitments to purchase electricity at fixed prices through 2016.
Fair Value Hedges
Interest rate swaps under which we agree to pay variable rates of interest are designated as fair value
hedges of fixed-rate debt. The net change in fair value of the derivatives and the hedged items is
reported in BCC interest expense.
Derivative Instruments Not Receiving Hedge Accounting Treatment
We also hold certain derivative instruments, primarily foreign currency forward contracts, for risk
management purposes but without electing any form of hedge accounting.
96