Sears 2011 Annual Report Download - page 57
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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 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 loss on derivative, net
oftax .................... — — — — — 6 — 6
Cumulative translation
adjustment, net of tax ....... — — — — — 82 28 110
Total Comprehensive Income ....... 154
Proceeds from exercise of stock
options ....................... — — 16 (3) — — — 13
Stock awards .................... — — (32) 29 — — — (3)
Purchase of Sears Canada shares .... — — — (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
Comprehensive income
Net income ................. — — — — 133 — 17 150
Pension and postretirement
adjustments, net of tax ....... — — — — — (41) 29 (12)
Deferred gain on derivative, net
oftax .................... — — — — — (9) — (9)
Cumulative translation
adjustment, net of tax ....... — — — — — 68 25 93
Total Comprehensive Income ....... 222
Stock awards .................... — — 10 (11) — — — (1)
Purchase of Sears Canada shares .... — — — (269) — (76) (236) (581)
Sears Canada dividend paid to
minority shareholders ........... — — — — — — (69) (69)
Shares repurchased ............... (6) — (394) — — — — (394)
Associate stock purchase ........... — — 4 — — — — 4
Other .......................... — — — — — — (2) (2)
Balance at January 29, 2011 ........ 109 $ 1 $(5,826) $10,185 $ 4,930 $ (779) $ 103 $ 8,614
Comprehensive loss
Net loss .................... — — — — (3,140) — (7) (3,147)
Pension and postretirement
adjustments, net of tax ....... — — — — — (789) (789)
Deferred gain on derivative, net
oftax .................... — — — — — (6) — (6)
Cumulative translation
adjustment, net of tax ....... — — — — — (33) (5) (38)
Total Comprehensive Income ....... (3,980)
Stock awards .................... — — 23 (19) — — — 4
Purchase of Sears Canada shares .... — — (24) — (2) (17) (43)
Shares repurchased ............... (3) — (183) — — — — (183)
Associate stock purchase ........... — — 5 — — — — 5
Non-cash dividend issued in
connection with Spin-Off ........ (137) 75 (12) (74)
Other .......................... — — — — — — (2) (2)
Balance at January 28, 2012 ........ 106 $ 1 $(5,981) $10,005 $ 1,865 $(1,609) $ 60 $ 4,341
See accompanying Notes to Consolidated Financial Statements.
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