Macy's 2009 Annual Report Download - page 54

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MACY’S, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(millions)
Common
Stock
Additional
Paid-In
Capital
Accumulated
Equity
Treasury
Stock
Accumulated
Other
Comprehensive
Income (Loss)
Total
Shareholders’
Equity
Balance at February 3, 2007, as previously reported ............ $6 $9,486 $ 6,375 $(3,431) $(182) $12,254
Cumulative effect of adopting new accounting pronouncements . . . – – (6) – 29 23
Balance at February 3, 2007, as revised ...................... 6 9,486 6,369 (3,431) (153) 12,277
Net income ............................................ 893 893
Actuarial loss on post employment and postretirement benefit
plans, net of income tax effect of $4 million ................ (6) (6)
Unrealized loss on marketable securities, net of income tax effect
of $22 million ........................................ (35) (35)
Reclassifications to net income:
Net actuarial loss on post employment and postretirement
benefit plans, net of income tax effect of $9 million ...... 14 14
Prior service credit on post employment and postretirement
benefit plans, net of income tax effect of $1 million ...... (2) (2)
Total comprehensive income .............................. 864
Common stock dividends ($.5175 per share) .................. (230) (230)
Stock repurchases ....................................... (3,322) (3,322)
Stock-based compensation expense ......................... 67 67
Stock issued under stock plans ............................. (73) 278 205
Retirement of common stock .............................. (1) (3,915) 3,916 –
Deferred compensation plan distributions .................... 2 2
Income tax benefit related to stock plan activity ............... 44 44
Balance at February 2, 2008 ............................... 5 5,609 7,032 (2,557) (182) 9,907
Net loss ............................................... (4,803) (4,803)
Actuarial loss on post employment and postretirement benefit
plans, net of income tax effect of $183 million .............. (294) (294)
Unrealized loss on marketable securities, net of income tax effect
of $11 million ........................................ (17) (17)
Reclassifications to net loss:
Realized loss on marketable securities, net of income tax
effect of $5 million ................................ 7 7
Net actuarial loss on post employment and postretirement
benefit plans, net of income tax effect of $1 million ...... 1 1
Prior service credit on post employment and postretirement
benefit plans, net of income tax effect of $1 million ...... (1) (1)
Total comprehensive loss ................................. (5,107)
Common stock dividends ($.5275 per share) .................. (221) (221)
Stock repurchases ....................................... (1) (1)
Stock-based compensation expense ......................... 61 61
Stock issued under stock plans ............................. (7) 13 6
Deferred compensation plan distributions .................... 1 1
Balance at January 31, 2009 ............................... 5 5,663 2,008 (2,544) (486) 4,646
Net income ............................................ 350 350
Actuarial loss on post employment and postretirement benefit
plans, net of income tax effect of $166 million .............. (266) (266)
Unrealized gain on marketable securities, net of income tax effect
of $3 million ......................................... 5 5
Reclassifications to net income:
Net actuarial gain on postretirement benefit plans, net of
income tax effect of $3 million ....................... (4) (4)
Prior service credit on post employment benefit plans, net of
income tax effect of $1 million ....................... (2) (2)
Total comprehensive income .............................. 83
Common stock dividends ($.20 per share) .................... (84) (84)
Stock repurchases ....................................... (1) (1)
Stock-based compensation expense ......................... 50 50
Stock issued under stock plans ............................. (24) 30 6
Deferred compensation plan distributions .................... 1 1
Balance at January 30, 2010 ............................... $5 $5,689 $ 2,274 $(2,514) $(753) $ 4,701
The accompanying notes are an integral part of these Consolidated Financial Statements.
F-6