Sears 2009 Annual Report Download - page 55

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SEARS HOLDINGS CORPORATION
Consolidated Statements of Equity
Equity Attributable to Holdings’ Shareholders
dollars and shares in millions
Number of
Shares
Common
Stock
Treasury
Stock
Capital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Noncontrolling
Interests Total
Balance at February 3, 2007—as
reported .................... 154 $ 2 $(1,437) $10,393 $3,689 $ 59 $— $12,706
Effects of adoption of new
accounting standard for
noncontrolling interests ........ — — — — — — 166 166
Balance at February 3, 2007—as
adjusted .................... 154 2 (1,437) 10,393 3,689 59 166 12,872
Comprehensive income
Net income ............... — — — — 826 — 76 902
Pension and postretirement
adjustments, net of tax ..... — — — — — 53 23 76
Deferred gain on
derivatives .............. — — — — — 1 — 1
Cumulative translation
adjustment .............. — — — — — (44) 42 (2)
Total Comprehensive Income ..... 977
Stock awards .................. — — 54 (30) — — — 24
Pre-petition tax settlements/
valuation reserve adjustments . . . — — — 52 — — — 52
Bankruptcy related settlement
agreements .................. — — (29) 4 — — — (25)
Shares repurchased ............. (22) (1) (2,921) — — — — (2,922)
Other ........................ — — 2 — (6) — 6 2
Balance at February 2, 2008 ...... 132 1 (4,331) 10,419 4,509 69 313 10,980
Comprehensive loss
Net income ............... — — — — 53 — 46 99
Pension and postretirement
adjustments, net of tax ..... — — — — — (604) 59 (545)
Cumulative translation
adjustment .............. — — — — — (77) (95) (172)
Total Comprehensive Loss ....... (618)
Stock awards .................. — — 2 (8) — — — (6)
Pre-petition tax settlements ....... — — — 23 — — — 23
Bankruptcy related settlement
agreements .................. — — (12) 7 — — — (5)
Shares repurchased ............. (10) — (678) — — — — (678)
Associate stock purchase ......... — — 7 — — — — 7
Other ........................ — — — — — — (4) (4)
Balance at January 31, 2009 ...... 122 1 (5,012) 10,441 4,562 (612) 319 9,699
Comprehensive income
Net income ............... — — — — 235 — 62 297
Pension and postretirement
adjustments, net of tax ..... — — — — — (197) (62) (259)
Deferred gain on derivative . . . — — — — — 6 — 6
Cumulative translation
adjustment .............. — — — — — 82 28 110
Total Comprehensive Income .... 154
Proceeds from exercise of stock
options ..................... — — 16 (3) — — — 13
Stock awards .................. — — (32) 29 — — — (3)
Canadian shares purchased ....... — — — (2) — — (5) (7)
Shares repurchased ............. (7) (424) — — — — (424)
Associate stock purchase ......... — — 6 — — — — 6
Other ........................ — — — — — — (3) (3)
Balance at January 30, 2010 ...... 115 $ 1 $(5,446) $10,465 $4,797 $(721) $339 $ 9,435
See accompanying Notes to Consolidated Financial Statements.
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