Proctor and Gamble 2010 Annual Report Download - page 55

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The Procter & Gamble Company 53
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements of Shareholders’ Equity
Dollars in millions/Shares in thousands
Common
Shares
Outstanding
Common
Stock
Preferred
Stock
Additional
Paid-In
Capital
Reserve for
ESOP Debt
Retirement
Accumulated
Other
Comprehensive
Income (loss)
Non-
controlling
Interest
Treasury
Stock
Retained
Earnings Total
BALANCE JUNE 30, 2007 3,131,946 $3,990 $1,406 $59,030 $(1,308) $ 617 $252 $(38,772) $41,797 $67,012
Net earnings 12,075 12,075
Other comprehensive income:
Financial statement translation 6,543 6,543
Hedges and investment securities,
net of $1,664 tax (2,906) (2,906)
Defined benefit retirement plans,
net of $120 tax (508) (508)
Total comprehensive income $15,204
Cumulative impact for adoption of
new accounting guidance (1) (232) (232)
Dividends to shareholders:
Common (4,479) (4,479)
Preferred, net of tax benefits (176) (176)
Treasury purchases (148,121) (10,047) (10,047)
Employee plan issuances 43,910 12 1,272 1,196 2,480
Preferred stock conversions 4,982 (40) 5 35 —
ESOP debt impacts (17) 1 (16)
Noncontrolling interest 38 38
BALANCE JUNE 30, 2008 3,032,717 4,002 1,366 60,307 (1,325) 3,746 290 (47,588) 48,986 69,784
Net earnings 13,436 13,436
Other comprehensive income:
Financial statement translation (6,151) (6,151)
Hedges and investment
securities, net of $452 tax 748 748
Defined benefit retirement
plans, net of $879 tax (1,701) (1,701)
Total comprehensive income $ 6,332
Cumulative impact for adoption
of new accounting guidance (1) (84) (84)
Dividends to shareholders:
Common (4,852) (4,852)
Preferred, net of tax benefits (192) (192)
Treasury purchases (98,862) (6,370) (6,370)
Employee plan issuances 16,841 5 804 428 1,237
Preferred stock conversions 4,992 (42) 7 35 —
Shares tendered for Folgers
coffee subsidiary (38,653) (2,466) (2,466)
ESOP debt impacts (15) 15 —
Noncontrolling interest (7) (7)
BALANCE JUNE 30, 2009 2,917,035 4,007 1,324 61,118 (1,340) (3,358) 283 (55,961) 57,309 63,382
Net earnings 12,736 12,736
Other comprehensive income:
Financial statement translation (4,194) (4,194)
Hedges and investment
securities, net of $520 tax 867 867
Defined benefit retirement
plans, net of $465 tax (1,137) (1,137)
Total comprehensive income $ 8,272
Dividends to shareholders:
Common (5,239) (5,239)
Preferred, net of tax benefits (219) (219)
Treasury purchases (96,759) (6,004) (6,004)
Employee plan issuances 17,616 1 574 616 1,191
Preferred stock conversions 5,579 (47) 7 40 —
ESOP debt impacts (10) 27 17
Noncontrolling interest (2) 41 39
BALANCE JUNE 30, 2010 2,843,471 $4,008 $1,277 $61,697 $(1,350) $(7,822) $324 $(61,309) $64,614 $61,439
(1) Cumulative impact of adopting new accounting guidance relates to: 2008 — uncertainty in income taxes; 2009 — split-dollar life insurance arrangements.