Sara Lee 2011 Annual Report Download - page 84

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CONSOLIDATED STATEMENTS OF EQUITY
Sara Lee Common Stockholders’ Equity
Accumulated
Other
Common Capital Retained Unearned Comprehensive Noncontrolling
Dollars in millions Total Stock Surplus Earnings Stock Income (Loss) Interest
Balances at June 28, 2008 $«2,837 $«7 $«««7 $2,760 $(112) $«149 $«26
Net income 380 – – 364 – – 16
Translation adjustments, net of tax of $(31) (563) – – – – (561) (2)
Net unrealized gain (loss) on qualifying cash flow
hedges, net of tax of $16 (30) – – – – (30) –
Pension/Postretirement activity, net of tax of $93 (164) – – – – (164) –
Other comprehensive income activity, net of tax of nil (4) – – – – (2) (2)
Comprehensive income (loss) $«÷(381) $«12
Dividends on common stock (310) – – (310) – – –
Dividends paid on noncontrolling interest/Other (4) – – – – – (4)
Stock issuances – restricted stock 29–29––––
Stock option and benefit plans 4–4–– – –
Share repurchases and retirement (103) – (25) (78) – – –
Pension/Postretirement – adjustment to
change in measurement date, net of tax of $7 (13) – – (16) – 3 –
ESOP tax benefit, redemptions and other 11–218 – –
Balances at June 27, 2009 2,070 7 17 2,721 (104) (605) 34
Net income 527 – – 506 – – 21
Translation adjustments, net of tax of $(71) (82) – – – – (82) –
Net unrealized gain (loss) on qualifying cash flow
hedges, net of tax of $(4) 8–––– 8 –
Pension/Postretirement activity, net of tax of $74 (235) – – – – (235) –
Other comprehensive income activity, net of tax of nil 2–––– 2 –
Comprehensive income $«÷«220 $«21
Dividends on common stock (302) – – (302) – – –
Dividends paid on noncontrolling interest/Other (2) – – – – – (2)
Disposition of noncontrolling interest (25) – – – – – (25)
Stock issuances – restricted stock 27–27––––
Stock option and benefit plans 19–19––––
Share repurchases and retirement (500) – (47) (453) – – –
ESOP tax benefit, redemptions and other 8–1–7 – –
Balances at July 3, 2010 «1,515 «7 «17 2,472 ÷(97) (912) 28
Net income 1,296 – – 1,287 – – 9
Translation adjustments, net of tax of $47 332 – – – – 332 –
Net unrealized gain (loss) on qualifying cash flow
hedges, net of tax of $(5) 7–––– 7 –
Pension/Postretirement activity, net of tax of $(125) 317 – – – – 317 –
Comprehensive income $«1,952 $«««9
Dividends on common stock (278) – – (278) – – –
Dividends paid on noncontrolling interest/Other (5) – – – – – (5)
Disposition of noncontrolling interest (3) – – – – – (3)
Stock issuances – restricted stock 28 – 19 9 – – –
Stock option and benefit plans 58 – 58 – – – –
Share repurchases and retirement (1,313) (1) (55) (1,257) – – –
ESOP tax benefit, redemptions and other 20 – – – 20 – –
Balances at July 2, 2011 $«1,974 $«6 $«39 $2,233 $««(77) $(256) $«29
The accompanying Notes to Financial Statements are an integral part of these statements.