Sears 2014 Annual Report Download - page 68
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68
SEARS HOLDINGS CORPORATION
Consolidated Statements of Equity (Deficit)
Equity (Deficit) Attributable to Holdings’ Shareholders
dollars and shares in millions
Number
of
Shares Common
Stock Treasury
Stock
Capital in
Excess of
Par Value
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Income (Loss) Noncontrolling
Interests Total
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
noncontrolling interests . . . . . . . — — — — (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
Comprehensive loss
Net income (loss). . . . . . . . . . — — — — (1,365) — 249 (1,116)
Pension and postretirement
adjustments, net of tax . . . — — — — — 372 50 422
Deferred gain on derivatives,
net of tax . . . . . . . . . . . . . . — — — — — 2 — 2
Currency translation
adjustments, net of tax . . . — — — — — (32) (39) (71)
Total Comprehensive Loss. . . . . . . (763)
Stock awards. . . . . . . . . . . . . . . . . . — — 3 — — — — 3
Associate stock purchase . . . . . . . . — — 4 — — — — 4
Sears Canada dividend paid to
noncontrolling interests . . . . . . . — — — — — — (233) (233)
Balance at February 1, 2014. . . . . . 106 $ 1 $ (5,963) $ 9,298 $ (480) $ (1,117) $ 444 $ 2,183
Comprehensive loss
Net loss . . . . . . . . . . . . . . . . . — — — — (1,682) — (128) (1,810)
Pension and postretirement
adjustments, net of tax . . . — — — — — (1,045) 5 (1,040)
Deferred loss on derivatives,
net of tax . . . . . . . . . . . . . . — — — — — (2) — (2)
Currency translation
adjustments, net of tax . . . — — — — — 4 (1) 3
Sears Canada de-
consolidation. . . . . . . . . . . — — — — — 128 (314) (186)
Total Comprehensive Loss. . . . . . . (3,035)
Stock awards. . . . . . . . . . . . . . . . . . 1 — 9 (5) — — — 4
Separation of Lands' End, Inc. . . . . — — — (323) — 2 — (321)
Issuance of warrants to purchase
common stock . . . . . . . . . . . . . . — — — 219 — — — 219
Associate stock purchase . . . . . . . . — — 5 — — — — 5
Balance at January 31, 2015. . . . . . 107 $ 1 $ (5,949) $ 9,189 $ (2,162) $ (2,030) $ 6 $ (945)
See accompanying Notes to Consolidated Financial Statements.