United Technologies 2011 Annual Report Download - page 62

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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(Dollars in millions)
Comprehensive
Income (Loss) Common Stock
BALANCE AT DECEMBER 31, 2008 $ 11,179
Comprehensive income (loss):
Net income $ 4,179
Redeemable non-controlling interest in subsidiaries’ earnings
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments 1,023
Change in pension and post-retirement benefit plans, net of income taxes of $569 1,073
Unrealized gain on available-for-sale securities, net of income taxes of $66 99
Change in unrealized cash flow hedging, net of income taxes of $106 255
Total other comprehensive income, net of tax 2,450
Comprehensive income $ 6,629
Common Stock issued under employee plans (11.9 million shares), net of tax benefit of $50 634
Common Stock repurchased (19.1 million shares)
Dividends on Common Stock
Dividends on ESOP Common Stock
Dividends attributable to non-controlling interest
Redeemable non-controlling interest accretion
Purchase of subsidiary shares from non-controlling interest (67)
Acquired non-controlling interest
Other changes in non-controlling interest
BALANCE AT DECEMBER 31, 2009 $ 11,746
Comprehensive income (loss):
Net income $ 4,711
Redeemable non-controlling interest in subsidiaries’ earnings
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments (18)
Change in pension and post-retirement benefit plans, net of tax benefit of $224 (336)
Unrealized gain on available-for-sale securities, net of income taxes of $61 96
Change in unrealized cash flow hedging, net of tax benefit of $18 (29)
Total other comprehensive loss, net of tax (287)
Comprehensive income $4,424
Common Stock issued under employee plans (11.8 million shares), net of tax benefit of $94 746
Common Stock contributed to defined benefit pension plans (3.8 million shares) 117
Common Stock repurchased (31.0 million shares)
Dividends on Common Stock
Dividends on ESOP Common Stock
Dividends attributable to non-controlling interest
Redeemable non-controlling interest accretion
Purchase of subsidiary shares from non-controlling interest (12)
Sale of subsidiary shares in non-controlling interest —
Other changes in non-controlling interest
BALANCE AT DECEMBER 31, 2010 $12,597
Comprehensive income (loss):
Net income $ 5,374
Redeemable non-controlling interest in subsidiaries’ earnings
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments (163)
Change in pension and post-retirement benefit plans, net of tax benefit of $796 (1,485)
Unrealized gain on available-for-sale securities, net of income taxes of $21 30
Change in unrealized cash flow hedging, net of tax benefit of $36 (106)
Total other comprehensive loss, net of tax (1,724)
Comprehensive income $3,650
Common Stock issued under employee plans (7.2 million shares), net of tax benefit of $81 672
Common Stock contributed to defined benefit pension plans (5.7 million shares) 227
Common Stock repurchased (26.9 million shares)
Dividends on Common Stock
Dividends on ESOP Common Stock
Dividends attributable to non-controlling interest
Redeemable non-controlling interest accretion
Purchase of subsidiary shares from non-controlling interest (54)
Sale of subsidiary shares in non-controlling interest 3
Other changes in non-controlling interest
BALANCE AT DECEMBER 31, 2011 $13,445
See accompanying Notes to Consolidated Financial Statements
60 UNITED TECHNOLOGIES CORPORATION