Medtronic 2009 Annual Report Download - page 55

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51
Medtronic, Inc.
Consolidated Statements of Shareholders’ Equity
(in millions)
Common
Shares
Common
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
(Loss)/Income
Total
Shareholders’
Equity
Balance April 28, 2006 1,155 $ 116 $ 9,112 $ 155 $ 9,383
Net earnings — — 2,802 — 2,802
Other comprehensive (loss)/income
Unrealized gain on investments — — — 20 20
Translation adjustment — — — 18 18
Minimum pension liability — — — 24 24
Unrealized loss on foreign exchange derivatives — — — (70) (70)
Total comprehensive income 2,794
Dividends to shareholders — — (504) — (504)
Issuance of common stock under stock purchase and award plans 10 1 330 — 331
Adjustment to adopt SFAS No. 158 — — — (209) (209)
Repurchase of common stock (22) (3) (1,036) — (1,039)
Excess tax benefit from exercise of stock-based awards — — 36 — 36
Stock-based compensation — — 185 — 185
Balance April 27, 2007 1,143 $ 114 $ 10,925 $ (62) $ 10,977
Net earnings — — 2,231 — 2,231
Other comprehensive (loss)/income
Unrealized loss on investments — — — (47) (47)
Translation adjustment — — — 14 14
Net change in retirement obligations — — — 37 37
Unrealized loss on foreign exchange derivatives — — — (211) (211)
Total comprehensive income 2,024
Dividends to shareholders — — (565) — (565)
Issuance of common stock under stock purchase and award plans 13 1 402 — 403
Adjustment to deferred tax benefit recorded on adoption of
SFAS No. 158 — — — (17) (17)
Repurchase of common stock (31) (3) (1,541) — (1,544)
Excess tax benefit from exercise of stock-based awards — — 40 — 40
Stock-based compensation — — 217 — 217
Cumulative effect adjustment to retained earnings related to the
adoption of FIN No. 48 (Note 13) — — 1 — 1
Balance April 25, 2008 1,125 $ 112 $ 11,710 $ (286) $ 11,536
Net earnings — — 2,169 — 2,169
Other comprehensive (loss)/income
Unrealized loss on investments — — — (54) (54)
Translation adjustment — — — (147) (147)
Net change in retirement obligations — — — (210) (210)
Unrealized gain on foreign exchange derivatives — — — 494 494
Total comprehensive income 2,252
Dividends to shareholders — — (843) — (843)
Issuance of common stock under stock purchase and award plans 11 2 414 — 416
Adjustment for change in plan measurement date pursuant to
SFAS No. 158 (Note 14) — — (13) 1 (12)
Repurchase of common stock (17) (2) (757) — (759)
Excess tax benefit from exercise of stock-based awards — — 24 — 24
Stock-based compensation — — 237 — 237
Balance April 24, 2009 1,119 $112 $ 12,941 $(202) $12,851
The accompanying notes are an integral part of these consolidated financial statements.