MetLife 2011 Annual Report Download - page 95

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MetLife, Inc.
Consolidated Statements of Equity — (Continued)
For the Year Ended December 31, 2010
(In millions)
Accumulated Other Comprehensive Income (Loss)
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
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
Balance at January 1, 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 to common equity units ...... (69) (69) (69)
Stock-based compensation ........... 101 18 119 119
Dividends on preferred stock .......... (122) (122) (122)
Dividends on common stock .......... (784) (784) (784)
Change in equity of noncontrolling
interests ........................ (9) (9)
Comprehensive income (loss): .........
Net income (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, net of income tax . . . (358) (358) 8 (350)
Defined benefit plans adjustment,
net of income tax ............. 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.
MetLife, Inc. 91