Sears 2012 Annual Report Download - page 60

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60
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 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 loss on derivatives, net of tax . . . — — — — — (9) — (9)
Currency translation adjustments, 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 loss on derivatives, net of tax . . . — — — — — (6) — (6)
Currency translation adjustments, net of
tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — (33) (5) (38)
Total Comprehensive Loss . . . . . . . . . . . . . . . . . (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
Comprehensive loss
Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — (930) — (124) (1,054)
Pension and postretirement adjustments,
net of tax . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 74 — 74
Deferred gain on derivatives, net of tax . . . — — — — — 5 — 5
Currency translation adjustments, net of
tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 5 — 5
Total Comprehensive Loss . . . . . . . . . . . . . . . . . (970)
Stock awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 7 (1) — — — 6
Purchase of Sears Canada shares. . . . . . . . . . . . . — — — (3) — (1) (6) (10)
Associate stock purchase. . . . . . . . . . . . . . . . . . . — — 4 — — — — 4
Separation of Sears Hometown and Outlet
Stores, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — (149) — — — (149)
Sears Canada dividend paid to minority
shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — (50) — — (50)
Non-cash dividend issued in connection with
spin-off of 45 million common shares of
Sears Canada. . . . . . . . . . . . . . . . . . . . . . . . . . — — — (554) — 67 487 —
Balance at February 2, 2013 . . . . . . . . . . . . . . . . 106 $ 1 $ (5,970) $ 9,298 $ 885 $ (1,459) $ 417 $ 3,172
See accompanying Notes to Consolidated Financial Statements.