MetLife 2010 Annual Report Download - page 93

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MetLife, Inc.
Consolidated Statements of Equity
For the Year Ended December 31, 2010
(In millions)
Preferred
Stock
Convertible
Preferred
Stock Common
Stock
Additional
Paid-in
Capital Retained
Earnings
Treasury
Stock
at Cost
Net
Unrealized
Investment
Gains (Losses)
Other-Than-
Temporary
Impairments
Foreign
Currency
Translation
Adjustments
Defined
Benefit
Plans
Adjustment
Total
MetLife, Inc.’s
Stockholders’
Equity Noncontrolling
Interests(1) Total
Equity
Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2009 . . . . . . . . . $1 $— $ 8 $16,859 $19,501 $(190) $ (817) $(513) $(183) $(1,545) $33,121 $377 $33,498
Cumulative effect of change in accounting
principle, net of income tax (Note 1) . . . . . (12) 31 11 30 30
BalanceatJanuary1,2010 ........... 1 — 8 16,859 19,489 (190) (786) (502) (183) (1,545) 33,151 377 33,528
Cumulative effect of change in accounting
principle, net of income tax (Note 1) . . . . . (10) 10 — —
Convertible preferred stock issuance . . . . . . — 2,805 2,805 2,805
Common stock issuance — newly issued
shares related to business acquisition . . . . 2 6,727 6,729 6,729
Issuance of stock purchase contracts related
tocommonequityunits............. (69) (69) (69)
Stock-basedcompensation ........... 101 18 119 119
Dividendsonpreferredstock........... (122) (122) (122)
Dividendsoncommonstock........... (784) (784) (784)
Change in equity of noncontrolling interests . . (9) (9)
Comprehensiveincome(loss):
Netincome(loss) ................ 2,790 2,790 (2) 2,788
Other comprehensive income (loss):
Unrealized gains (losses) on derivative
instruments, net of income tax . . . . . . 11 11 11
Unrealized investment gains (losses), net
of related offsets and income tax . . . . 4,121 136 4,257 (3) 4,254
Foreign currency translation adjustments,
netofincometax.............. (358) (358) 8 (350)
Defined benefit plans adjustment, net of
incometax.................. 96 96 96
Other comprehensive income (loss) . . . . 4,006 5 4,011
Comprehensive income (loss) . . . . . . . . . 6,796 3 6,799
Balance at December 31, 2010 . . . . . . . . . $1 $— $10 $26,423 $21,363 $(172) $3,356 $(366) $(541) $(1,449) $48,625 $371 $48,996
(1) Net income (loss) attributable to noncontrolling interests excludes gains (losses) of redeemable noncontrolling interests in partially owned consolidated subsidiaries of ($2) million.
See accompanying notes to the consolidated financial statements.
F-4 MetLife, Inc.