Sunoco 2009 Annual Report Download - page 75

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Sunoco, Inc. and Subsidiaries
Consolidated Statements of Comprehensive Income and Equity
(Dollars in Millions, Shares in Thousands)
Comprehensive
Income
(Loss)
Sunoco, Inc. Shareholders’ Equity
Non-
Controlling
Interests
Common Stock Capital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Common
Stock Held
in Treasury
Shares Par Value Shares Cost
At December 31, 2006 .................. 280,747 $281 $1,634 $4,622 $(176) 159,446 $4,286 $ 618
Cumulative effect adjustment for change in
accounting for uncertainty of income taxes
(net of related tax benefit of $5) (Note 1) . . — — — (12) — — — —
Net income ............................ $961 — — — 891 — — — 70
Other comprehensive income:
Reclassifications of prior service cost and
actuarial loss amortization to earnings
(net of related tax expense of $15) ..... 21 — — — — 21 — — —
Retirement benefit plan funded status
adjustment (net of related tax expense of
$11) (Note 9) ....................... 17 — — — — 17 — — —
Net hedging losses (net of related tax
benefit of $59) ...................... (86) — — — — (86) — — —
Reclassifications of net hedging losses to
earnings (net of related tax expense of
$23) .............................. 35 — — — — 35 — — —
Net decrease in unrealized gain on
available-for-sale securities (net of
related tax benefit of $3) .............. (4) — — — — (4) — — —
Cash dividends and distributions ........... — — — — (129) — — — (91)
Purchases for treasury ................... — — — — — — 3,980 300 —
Issued under management incentive plans . . — 330 — 8 — — — — —
Net increase in equity related to unissued
shares under management incentive
plans ................................ — — — 16 — — — — —
Gain recognized in income related to prior
issuance of Sunoco Logistics Partners L.P.
limited partnership units (Note 15) ........ — — — — — — — — (151)
Other ................................. — 3 — 4 — — 47 3 (7)
Total .............................. $944
At December 31, 2007 .................. 281,080 $281 $1,662 $5,372 $(193) 163,473 $4,589 $ 439
Net income ............................ $889 — — — 776 — — — 113
Other comprehensive income:
Reclassifications of settlement losses and
prior service cost and actuarial loss
amortization to earnings (net of related
tax expense of $9) ................... 13 — — — — 13 — — —
Retirement benefit plan funded status
adjustment (net of related tax benefit of
$204) (Note 9) ...................... (299) — — — — (299) — — —
Net hedging losses (net of related tax
benefit of $8) ....................... (12) — — — — (12) — — —
Reclassifications of net hedging losses to
earnings (net of related tax expense of
$14) .............................. 21 — — — — 21 — — —
Net decrease in unrealized gain on
available-for-sale securities (net of
related tax benefit of $5) .............. (7) — — — — (7) — — —
Cash dividends and distributions ........... — — — — (138) — — — (92)
Purchases for treasury ................... — — — — — — 782 49 —
Issued under management incentive plans . . — 59 — — — — — — —
Net increase in equity related to unissued
shares under management incentive
plans ................................ — — — 5 — — — — —
Gain recognized in income related to prior
issuance of Sunoco Logistics Partners L.P.
limited partnership units (Note 15) ........ — — — — — — — — (23)
Other ................................. — 2 — — — — 8 1 1
Total .............................. $605
At December 31, 2008 .................. 281,141 $281 $1,667 $6,010 $(477) 164,263 $4,639 $ 438
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