Energizer 2007 Annual Report Download - page 27

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25
Energizer Holdings, Inc. 2007 Annual Report
DOLLARS SHARES
2007 2006 2005 2007 2006 2005
Common stock:
Balance at beginning of year 1.0 1.0 1.0 97,084 97,084 97,049
Activity under stock plans ––– ––35
Ending balance 1.0 1.0 1.0 97,084 97,084 97,084
Additional paid-in capital:
Balance at beginning of year 950.2 929.6 898.8
Activity under stock plans 48.8 20.6 30.8
Ending balance 999.0 950.2 929.6
Retained earnings:
Balance at beginning of year 1,073.2 832.7 585.7
Net earnings 321.4 260.9 280.7
Activity under stock plans (31.9) (20.4) (33.7)
Ending balance 1,362.7 1,073.2 832.7
Common stock in treasury:
Balance at beginning of year (1,754.2) (1,193.9) (814.8) (40,410) (30,044) (24,146)
Treasury stock purchased (53.0) (600.7) (457.4) (783) (11,331) (8,114)
Activity under stock plans 51.6 40.4 78.3 1,421 965 2,216
Ending balance (1,755.6) (1,754.2) (1,193.9) (39,772) (40,410) (30,044)
Accumulated other comprehensive income/(loss):
Cumulative translation adjustment:
Balance at beginning of year (26.4) (55.8) (44.5)
Foreign currency translation
adjustment 73.9 29.4 (11.3)
Ending balance 47.5 (26.4) (55.8)
Pension liability:
Balance at beginning of year (31.4) (33.1) (16.0)
Minimum pension adjustment 20.5 1.7 (17.1)
Adjustment to initially apply
SFAS 158 20.8 ––
Ending balance, net of tax of
$9.8 in 2007, $15.0 in 2006
and $16.2 in 2005 9.9 (31.4) (33.1)
Deferred loss on hedging activity:
Balance at beginning of year –––
Activity (10.6) ––
Ending balance, net of tax (10.6) ––
Total accumulated other
comprehensive income/(loss) 46.8 (57.8) (88.9)
Total shareholders equity $ 653.9 $ 212.4 $ 480.5
The above financial statement should be read in conjunction with the Notes to Consolidated Financial Statements.
Consolidated Statements of Shareholders Equity
(Dollars in millions, shares in thousands)