Motorola 2013 Annual Report Download - page 57

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55
Motorola Solutions, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
(In millions, except per share amounts) Shares
Common Stock and
Additional Paid-in
Capital
Accumulated Other
Comprehensive
Income (Loss) Retained
Earnings Noncontrolling
Interests
Balance as of January 1, 2011 337.2 $ 8,647 $ (2,222) $ 4,460 $ 102
Net earnings (loss) 1,158 (6)
Net unrealized loss on securities, net of tax of $(1) (2)
Foreign currency translation adjustments, net of tax of $(8) 19
Amortization of retirement benefit adjustments, net of tax of $73 132
Mid-year remeasurement of retirement benefits, net of tax of $9 (77)
Year-end and other retirement adjustments, net of tax of $(332) (723)
Issuance of common stock and stock options exercised 9.4 152
Share repurchase program (26.6) (1,110)
Excess tax benefit from share-based compensation 42
Share-based compensation expense 181
Net loss on derivative hedging instruments, net of tax of $(0) (3)
Distribution of Motorola Mobility (836) (4,460)
Dividends paid to noncontrolling interest on subsidiary common stock (8)
Sale of noncontrolling interest in subsidiary common stock (27)
Purchase of noncontrolling interest in subsidiary (1)
Reclassification of share-based awards from liability to equity (2)
Dividends declared (142)
Balance as of December 31, 2011 320 $ 7,074 $ (2,876) $ 1,016 $ 60
Net earnings 881 —
Net unrealized gain on securities, net of tax of $1 1
Foreign currency translation adjustments, net of tax benefit of $(4) 14
Amortization of retirement benefit adjustments, net of tax of $99 177
Remeasurement of retirement benefits, net of tax of $52 87
Year-end and other retirement adjustments, net of tax of $(419) (707)
Issuance of common stock and stock options exercised 6.9 80
Share repurchase program (49.6) (2,438)
Excess tax benefit from share-based compensation 20
Share-based compensation expense 184
Net gain on derivative hedging instruments, net of tax of $(1) 4
Acquisition of noncontrolling interest from Japanese subsidiary 20 (35)
Dividends declared (272)
Balance as of December 31, 2012 277.3 $ 4,940 $ (3,300) $ 1,625 $ 25
Net earnings 1,099 6
Net unrealized loss on securities, net of tax of $1 (4)
Foreign currency translation adjustments, net of tax of $(7) (4)
Amortization of retirement benefit adjustments, net of tax of $40 70
Year-end and other retirement adjustments, net of tax of $571 953
Issuance of common stock and stock options exercised 6.8 100
Share repurchase program (28.6) (1,694)
Excess tax benefit from share-based compensation 25
Share-based compensation expense 153
Net loss on derivative hedging instruments, net of tax of $1 (2)
Purchase of noncontrolling interest in subsidiary (3) (1)
Dividends declared (299)
Balance as of December 31, 2013 255.5 $ 3,521 $ (2,287) $ 2,425 $ 30
See accompanying notes to consolidated financial statements.