Tyson Foods 2009 Annual Report Download - page 40

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40
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Three years ended October 3, 2009
in millions
October 3, 2009
September 27, 2008
September 29, 2007
Shares
Amount
Shares
Amount
Shares
Amount
Class A Common Stock:
Balance at beginning of year
322
$
32
300
$
30
284
$
28
Issuance of Class A Common Stock
-
-
22
2
-
-
Conversion from Class B shares
-
-
-
-
16
2
Balance at end of year
322
32
322
32
300
30
Class B Common Stock:
Balance at beginning of year
70
7
70
7
86
9
Conversion to Class A shares
-
-
-
-
(16
)
(2
)
Balance at end of year
70
7
70
7
70
7
Capital in Excess of Par Value:
Balance at beginning of year
2,161
1,877
1,835
Issuance of Class A Common Stock
-
272
-
Convertible note hedge transactions
-
(58
)
-
Warrant transactions
-
44
-
Stock options exercised
(5
)
(5
)
9
Restricted shares issued
(12
)
(14
)
(26
)
Restricted shares canceled
2
2
27
Restricted share amortization
19
19
24
Reclassification and other
15
24
8
Balance at end of year
2,180
2,161
1,877
Retained Earnings:
Balance at beginning of year
3,006
2,993
2,781
Cumulative effect for adoption of new accounting guidance (1)
-
(17
)
-
Net income (loss)
(537
)
86
268
Dividends paid
(60
)
(56
)
(56
)
Balance at end of year
2,409
3,006
2,993
Accumulated Other Comprehensive Income (Loss), Net of Tax:
Balance at beginning of year
41
50
17
Net hedging (gain) loss recognized in earnings
36
(25
)
(20
)
Net hedging unrealized gain (loss)
(30
)
23
20
Loss on investments reclassified to other income
3
-
-
Unrealized gain (loss) on investments
7
(1
)
-
Currency translation adjustment gain reclassified to loss from
discontinued operation
(41
)
-
-
Currency translation adjustment
(40
)
(2
)
24
Net change in postretirement liabilities
(10
)
(4
)
-
Net change in pension liability, prior to adoption of new
accounting guidance (1)
-
-
6
Adjustment to initially apply new accounting guidance (1)
-
-
3
Balance at end of year
(34
)
41
50
Treasury Stock:
Balance at beginning of year
15
(233
)
14
(226
)
15
(230
)
Purchase of treasury shares
2
(19
)
2
(30
)
3
(61
)
Stock options exercised
-
1
-
11
(4
)
65
Restricted shares issued
(1
)
12
(1
)
16
(2
)
27
Restricted shares canceled
-
(3
)
-
(4
)
2
(27
)
Balance at end of year
16
(242
)
15
(233
)
14
(226
)
Total Shareholders’ Equity
$
4,352
$
5,014
$
4,731
Comprehensive Income (Loss):
Net income (loss)
$
(537
)
$
86
$
268
Other comprehensive income (loss), net of tax
(75
)
(9
)
30
Total Comprehensive Income (Loss)
$
(612
)
$
77
$
298
See accompanying notes.
(1) Cumulative effect for adoption of new accounting guidance relates to: 2008 – uncertainty in income taxes; 2007 – defined benefit and post
retirement plans