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Newell Rubbermaid Inc. 2010 Annual Report
>
NEWELL RUBBERMAID 2010 Annual Report 47
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME (LOSS)
(Amounts in millions)
Accumulated Stockholders’
Additional Other Equity Total
Common Treasury Paid-In Retained Comprehensive Attributable Noncontrolling Stockholders’
Stock Stock Capital Earnings Loss to Parent Interests Equity
Balance at December 31, 2007 $292.6 $(415.1) $ 570.3 $1,894.5 $(123.2) $2,219.1 $ 3.0 $2,222.1
Net (loss) income — — — (52.3) — (52.3) 2.0 (50.3)
Foreign currency translation — — — — (312.0) (312.0) — (312.0)
Unrecognized pension and other
postretirement costs, net of
$87.0 of tax benefits — — — — (107.4) (107.4) — (107.4)
Gain on derivative instruments,
including $22.1 of tax benefits — — — — 39.5 39.5 — 39.5
Total comprehensive loss $ (432.2) $ 2.0 $ (430.2)
Cash dividends on common stock — — — (234.5) — (234.5) — (234.5)
Cash dividends for
noncontrolling interests — — — — — — (3.0) (3.0)
Exercise of stock options 0.1 — 2.3 — — 2.4 — 2.4
Pension adjustment, net of
$0.2 of tax benefits — — — (1.1) 0.7 (0.4) — (0.4)
Stock-based compensation and other 0.4 (2.9) 34.1 — — 31.6 0.6 32.2
Balance at December 31, 2008 $293.1 $(418.0) $ 606.7 $1,606.6 $(502.4) $1,586.0 $ 2.6 $1,588.6
Net income — — — 285.5 — 285.5 — 285.5
Foreign currency translation,
including $10.2 of tax benefits — — — — 75.9 75.9 — 75.9
Unrecognized pension and other
postretirement costs, net of
$17.4 of tax benefits — — — — (109.3) (109.3) — (109.3)
Loss on derivative instruments,
including $46.3 of tax expense — — — — (49.4) (49.4) — (49.4)
Total comprehensive income $202.7 — $ 202.7
Cash dividends on common stock — — — (71.4) — (71.4) — (71.4)
Cash dividends for
noncontrolling interests — — — — — — (1.9) (1.9)
Stock-based compensation and other 0.9 (2.6) 34.7 — — 33.0 3.5 36.5
Purchase of call options, net of tax — — (43.0) — — (43.0) — (43.0)
Issuance and sale of warrants — — 32.7 — — 32.7 — 32.7
Discount on convertible notes,
net of issuance costs and tax — — 41.0 — — 41.0 — 41.0
Purchase of noncontrolling interests — — (2.3) — — (2.3) (0.7) (3.0)
Balance at December 31, 2009 $294.0 $(420.6) $ 669.8 $1,820.7 $(585.2) $1,778.7 $ 3.5 $1,782.2
Net income — — — 292.8 — 292.8 — 292.8
Foreign currency translation — — — — (13.1) (13.1) — (13.1)
Unrecognized pension and other
postretirement costs, net of
$30.3 of tax benefits — — — — (7.0) (7.0) — (7.0)
Gain on derivative instruments,
net of $— tax — — — — 0.3 0.3 — 0.3
Total comprehensive income $ 273.0 — $ 273.0
Cash dividends on common stock — — — (55.4) — (55.4) — (55.4)
Stock-based compensation and other 1.3 (5.1) 35.7 (0.8) — 31.1 — 31.1
Settlement of call options — — 369.5 — — 369.5 — 369.5
Settlement of warrants — — (298.4) — — (298.4) — (298.4)
Common stock issued for convertible
notes exchange 37.7 — 600.3 — — 638.0 — 638.0
Retirement of common stock
purchased under the ASB (25.8) — (474.3) — — (500.1) — (500.1)
Extinguishment of equity component
of convertible notes — — (334.4) — — (334.4) — (334.4)
Balance at December 31, 2010 $307.2 $(425.7) $ 568.2 $2,057.3 $(605.0) $1,902.0 $ 3.5 $1,905.5
See Notes to Consolidated Financial Statements.