Sears 2014 Annual Report Download - page 100

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
100
Approximately 51,000 shares of the 73,000 shares of unvested restricted stock and restricted stock units
outstanding at January 31, 2015 are scheduled to vest during 2015, subject to satisfaction of applicable vesting
conditions.
Common Share Repurchase Program
From time to time, we repurchase shares of our common stock under a common share repurchase program
authorized by our Board of Directors. The common share repurchase program was initially announced in 2005 with
a total authorization since inception of the program of $6.5 billion. During 2014, 2013 and 2012, we repurchased no
shares of our common stock under our common share repurchase program. At January 31, 2015, we had
approximately $504 million of remaining authorization under our common share repurchase program.
The share repurchase program has no stated expiration date and share repurchases may be implemented using a
variety of methods, which may include open market purchases, privately negotiated transactions, block trades,
accelerated share repurchase transactions, the purchase of call options, the sale of put options or otherwise, or by any
combination of such methods.
Accumulated Other Comprehensive Loss
The following table displays the components of accumulated other comprehensive loss:
millions January 31,
2015 February 1,
2014 February 2,
2013
Pension and postretirement adjustments (net of tax of $(296), $(328)
and $(443), respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(2,028) $ (1,036) $ (1,408)
Cumulative unrealized derivative gain (net of tax of $0, $0 and $0,
respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 2 —
Currency translation adjustments (net of tax of $0, $(38) and $(39),
respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2)(83)(51)
Accumulated other comprehensive loss. . . . . . . . . . . . . . . . . . . . . . . . . . . $(2,030) $ (1,117) $ (1,459)
Pension and postretirement adjustments relate to the net actuarial loss on our pension and postretirement plans
recognized as a component of accumulated other comprehensive loss.
Accumulated other comprehensive loss attributable to noncontrolling interests at February 1, 2014 and
February 2, 2013 was $53 million and $64 million, respectively.