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[ 32 ] Emerson 2008
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
2006  2007  2008

Beginning balance $ 238 238 
Adjustment for stock split – 239
Ending balance 238 477 

Beginning balance 120 161 
Stock plans and other 41 31 
Adjustment for stock split – (161)
Ending balance 161 31 

Beginning balance 10,199 11,314 
Net earnings 1,845 2,136 
Cash dividends (per share: 2006, $0.89; 2007, $1.05; 2008, $1.20) (730) (837) 
Adjustment for stock split – (77)
Adjustment for adoption of FIN 48 – – 
Ending balance 11,314 12,536 

Beginning balance (65) 306 
Foreign currency translation 175 459 
Pension and postretirement adjustments (net of tax of: 2006,
$(71); 2007, $(1); 2008, $51) 121 2 
Cash flow hedges and other (net of tax of: 2006, $(43); 2007, $29; 2008, $51) 75 (56) 
Adjustment for adoption of FAS 158 (net of tax of: 2007, $193) – (329)
Ending balance 306 382 

Beginning balance (3,092) (3,865) 
Acquired (871) (849) 
Issued under stock plans and other 98 60 
Ending balance (3,865) (4,654) 
 $ 8,154 8,772 

Net earnings $ 1,845 2,136 
Foreign currency translation 175 459 
Pension and postretirement adjustments 121 2 
Cash flow hedges and other 75 (56) 
Total $ 2,216 2,541 

Years ended September 30 | Dollars in millions, except per share amounts
See accompanying Notes to Consolidated Financial Statements.