ManpowerGroup 2008 Annual Report Download - page 47

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45Manpower Annual Report 2008 Consolidated Statements of Shareholders’ Equity
Consolidated Statements of Shareholders’ Equity
in millions, except share and per share data
Retained Accumulated
Capital in Earnings Other
Excess of (Accumulated Comprehensive Treasury
Shares issued Par Value Par Value Deficit) Income (Loss) Stock Total
Balance, January 1, 2006 101,239,813 $ 1.0 $ 2,346.7 $ 269.9 $ (11.0) $ (460.0) $ 2,146.6
Comprehensive Income:
Net earnings 398.0
Foreign currency translation 131.8
Unrealized gain on derivatives, net of tax 2.0
Unrealized gain on investments, net of tax 3.6
Minimum pension liability adjustment,
net of tax 0.9
Total comprehensive income 536.3
Adjustment to initially apply SFAS
158, net of tax (6.7) (6.7)
Issuances under equity plans,
including tax benefits 1,366,612 51.5 10.8 62.3
Share-based compensation expense 22.5 22.5
Dividends ($0.59 per share) (50.9) (50.9)
Repurchases of common stock (235.9) (235.9)
Balance, December 31, 2006 102,606,425 1.0 2,420.7 617.0 120.6 (685.1) 2,474.2
Comprehensive Income:
Net earnings 484.7
Foreign currency translation 106.3
Unrealized gain on derivatives, net of tax 1.6
Unrealized gain on investments, net of tax 1.0
Defined benefit pension plans and
retiree health care plan, net of tax 28.1
Total comprehensive income 621.7
Adjustment to initially apply FIN 48 (4.3) (4.3)
Issuances under equity plans,
including tax benefits 807,829 35.1 4.4 39.5
Share-based compensation expense 26.0 26.0
Dividends ($0.69 per share) (57.1) (57.1)
Repurchases of common stock (430.7) (430.7)
Balance, December 31, 2007 103,414,254 1.0 2,481.8 1,040.3 257.6 (1,111.4) 2,669.3
Comprehensive Income:
Net earnings 218.9
Foreign currency translation (249.9)
Unrealized loss on investments, net of tax (7.6)
Unrealized loss on derivatives, net of tax (1.4)
Defined benefit pension plans and
retiree health care plan, net of tax (5.8)
Total comprehensive income (loss) (45.8)
Effects of changing pension plan
measurement date pursuant to
SFAS 158:
Service cost, interest cost and expected
return on plan assets for October 1-
December 31, net of tax 0.1 0.1
Additional loss for October 1-December 31,
net of tax (1.8) (1.8)
Issuances under equity plans, including
tax benefits 341,884 11.9 0.8 12.7
Share-based compensation expense 21.1 21.1
Dividends ($0.74 per share) (58.1) (58.1)
Repurchases of common stock (113.7) (113.7)
Balance, December 31, 2008 103,756,138 $ 1.0 $ 2,514.8 $ 1,201.2 $ (8.9) $ (1,224.3) $ 2,483.8
Common Stock