CVS 2009 Annual Report Download - page 51

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Consolidated Statements of Shareholders’ Equity
Shares Dollars
Dec. 31, Dec. 31, Dec. 29, Dec. 31, Dec. 31, Dec. 29,
in millions 2009 2008 2007 2009 2008 2007
PREFERENCE STOCK:
Beginning of year 4 4 4 $ 191 $ 202 $ 212
Conversion to common stock (4) – – (191) (11) (10)
End of year – 4 4 – 191 202
COMMON STOCK:
Beginning of year 1,603 1,590 847 16 16 9
Common stock issued for Caremark Merger – – 713 – – 7
Stock options exercised and stock awards 9 13 30 – – –
End of year 1,612 1,603 1,590 16 16 16
TREASURY STOCK:
Beginning of year (165) (154) (22) (5,812) (5,620) (314)
Purchase of treasury shares (73) (7) (135) (2,477) (33) (5,379)
Conversion of preference stock 17 1 1 583 35 25
Transfer from shares held in trust – (7) – – (272) –
Employee stock purchase plan issuances 2 2 2 96 78 48
End of year (219) (165) (154) (7,610) (5,812) (5,620)
GUARANTEED ESOP OBLIGATION:
Beginning of year – (44) (82)
Reduction of guaranteed ESOP obligation – 44 38
End of year – – (44)
SHARES HELD IN TRUST:
Beginning of year (2) (9) – (56) (301) –
Transfer to treasury stock – 7 – – 245 –
Shares acquired through Caremark Merger – – (9) – – (301)
End of year (2) (2) (9) (56) (56) (301)
CAPITAL SURPLUS:
Beginning of year 27,280 26,832 2,198
Common stock issued for Caremark Merger,
net of issuance costs – – 23,942
Conversion of shares held in Trust to
treasury stock – 27 –
Stock option activity and stock awards 291 392 608
Tax benefit on stock options and stock awards 19 53 98
Conversion of preference stock (392) (24) (14)
End of year $ 27,198 $ 27,280 $ 26,832
See accompanying notes to consolidated financial statements.
2009 Annual Report 47