Nordstrom 2007 Annual Report Download - page 46

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38
Nordstrom, Inc.
Consolidated Statements of Shareholders’ Equity
In millions except per share amounts
Accumulated
Other
Common Stock Retained Comprehensive
Shares Amount Earnings Earnings (Loss) Total
Balance at January 29, 2005 271 $553 $1,227 $9 $1,789
Net earnings — — 551 — 551
Other comprehensive earnings (loss):
Foreign currency translation adjustment — — — (2) (2)
Unrecognized loss on postretirement benefit
obligations, net of tax benefit of $5 — — — (7) (7)
Fair value adjustment to investment in
asset backed securities, net of tax of $(2) — — — 3 3
Comprehensive net earnings — — — — 545
Cash dividends paid ($0.32 per share) — — (87) — (87)
Issuance of common stock for:
Stock option plans 6 113 — — 113
Employee stock purchase plan 1 17 — — 17
Other — 3 — — 3
Repurchase of common stock (8) — (287) — (287)
Balance at January 28, 2006 270 686 1,404 3 2,093
Net earnings — — 678 — 678
Other comprehensive earnings (loss):
Foreign currency translation adjustment — — — 1 1
Unrecognized gain on postretirement benefit obligations
net of tax of $(2), prior to adoption of SFAS 158 — — — 3 3
Fair value adjustment to investment in
asset backed securities, net of tax of $2 — — — (3) (3)
Comprehensive net earnings — — — — 679
Adjustment to initially apply SFAS 158, net of tax of $8 — — — (13) (13)
Cash dividends paid ($0.42 per share) — — (110) — (110)
Issuance of common stock for:
Stock option plans 4 94 — — 94
Employee stock purchase plan — 17 — — 17
Other — 1 — — 1
Stock-based compensation — 29 — — 29
Repurchase of common stock (17) — (621) — (621)
Balance at February 3, 2007 257 827 1,351 (9) 2,169
Cumulative effect adjustment to adopt FIN 48 — — (3) — (3)
Adjusted Beginning Balance at February 3, 2007 257 827 1,348 (9) 2,166
Net earnings — — 715 — 715
Other comprehensive earnings (loss):
Foreign currency translation adjustment — — — (15) (15)
Postretirement plan adjustments,
net of tax of ($5) — — — 7 7
Fair value adjustment to investment in asset backed
securities, net of tax of $3 — — — (5) (5)
Comprehensive net earnings 702
Cash dividends paid ($0.54 per share) — — (134) — (134)
Issuance of common stock for:
Stock option plans 2 61 — — 61
Employee stock purchase plan 1 17 — — 17
Other — 5 — — 5
Stock-based compensation — 26 — — 26
Repurchase of common stock (39) — (1,728) — (1,728)
Balance at February 2, 2008 221 $936 $201 $(22) $1,115
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.