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General Dynamics Annual Report • 201039
Balance, December31, 2007$482 $1,141 $ 11,379$(1,881)$647 $ 11,768
Net earnings––2,459 ––2,459 $2,459
Cashdividendsdeclared––(551)––(551)–
Stock-basedawards–205 –62 –267–
Shares purchased–––(1,530) –(1,530) –
Net loss oncashflow hedges –– – – (24)(24)(24)
Unrealizedlosses onsecurities –– – – (5) (5) (5)
Foreign currency translationadjustments –– – – (153) (153) (153)
Changein retirementplans' fundedstatus–– – –(2,178) (2,178) (2,178)
Balance, December31, 2008 482 1,34613,287(3,349) (1,713) 10,053 $99
Net earnings––2,394– –2,394$2,394
Cashdividendsdeclared––(588) ––(588) –
Stock-basedawards–172–86 –258 –
Shares purchased–––(200) –(200) –
Net gain oncashflow hedges –– – – 454545
Unrealized gainsonsecurities –– – – 33 3
Foreign currency translationadjustments –– – – 290 290 290
Changein retirementplans’ fundedstatus–– – – 168 168 168
Balance, December31, 2009 482 1,51815,093 (3,463) (1,207)12,423 $2,900
Net earnings––2,624– –2,624$2,624
Cashdividendsdeclared––(641)––(641)–
Stock-basedawards–211 – 191–402 –
Shares purchased–––(1,263) –(1,263) –
Net gain oncashflow hedges –– – – 66 66 66
Unrealized gainsonsecurities –– – – 1 1 1
Foreign currency translationad
justments –– – – 279279279
Changein retirementplans’ fundedstatus–– – – (575) (575) (575)
Balance, December31,2010$482 $1,729 $17,076$(4,535) $(1,436) $13,316$2,395
Theaccompanying Notes to Consolidated Financial Statements arean integral partofthisstatement.
(Dollarsin millions)
CONSOLIDAT ED STAT EMENT OF SHAREHOLDERS’ EQUITY
CommonStock
Par Surplus
Treasury
Stock
Accumulated
OtherComprehensive
Income(Loss)
Total
Shareholders’
Equity
Retained
Earnings
Comprehensive
Income