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2008 ANNUAL REPORT 43
Consolidated Statements of Shareholders’ Equity
Shares Dollars
Dec. 31, Dec. 29, Dec. 30, Dec. 31, Dec. 29, Dec. 30,
In millions 2008 2007 2006 2008 2007 2006
ACCUMULATED OTHER
COMPREHENSIVE LOSS:
Beginning of year (49.7) (72.6) (90.3)
Recognition of unrealized gain/(loss)
on derivatives, net of income tax 3.4 3.4 (0.3)
Pension liability adjustment,
net of income tax (96.4) 19.5 23.6
Pension liability adjustment to initially
apply SFAS No.158, net of income tax – – (5.6)
End of year (142.7) (49.7) (72.6)
RETAINED EARNINGS:
Beginning of year 10,287.0 7,966.6 6,738.6
Net earnings 3,212.1 2,637.0 1,368.9
Common stock dividends (369.7) (308.8) (127.0)
Preference stock dividends (14.0) (14.8) (15.6)
Tax benefi t on preference stock dividends 0.6 1.2 1.7
Adoption of EITF 06-04 and EITF 06-10 (18.2) – –
Adoption of FIN 48 – 5.8 –
End of year 13,097.8 10,287.0 7,966.6
Total shareholders’ equity $ 34,574.4 $ 31,321.9 $ 9,917.6
COMPREHENSIVE INCOME:
Net earnings $ 3,212.1 $ 2,637.0 $ 1,368.9
Recognition of unrealized gain/(loss) on
derivatives, net of income tax 3.4 3.4 (0.3)
Pension liability, net of income tax (96.4) 19.5 23.6
Comprehensive income $ 3,119.1 $ 2,659.9 $ 1,392.2
See accompanying notes to consolidated fi nancial statements.