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59Xerox 2012 Annual Report
Consolidated Statements of Shareholders’ Equity
Additional Xerox Non-
Common Paid-in Treasury Retained Shareholders’ controlling Total
(in millions) Stock Capital Stock Earnings AOCL(3) Equity Interests Equity
Balance at December 31, 2009 $ 871 $ 2,493 $ – $ 5,674 $ (1,988) $ 7,050 $ 141 $ 7,191
Comprehensive income – – – 606 – 606 31 637
ACS acquisition 490 3,825 – – – 4,315 – 4,315
Cash dividends declared-common stock (1) – – – (243) – (243) – (243)
Cash dividends declared-preferred stock (2) – – – (21) – (21) – (21)
Stock option and incentive plans, net 37 262 – – – 299 – 299
Distributions to noncontrolling interests – – – – – – (19) (19)
Balance at December 31, 2010 $ 1,398 $ 6,580 $ – $ 6,016 $ (1,988) $ 12,006 $ 153 $ 12,159
Comprehensive income – – – 1,295 (728) 567 32 599
Cash dividends declared-common stock (1) – – – (241) – (241) – (241)
Cash dividends declared-preferred stock (2) – – – (24) – (24) – (24)
Contribution of common stock to
U.S. pension plan 17 113 – – – 130 – 130
Stock option and incentive plans, net 11 128 – – – 139 – 139
Payments to acquire treasury stock,
including fees – – (701) – – (701) – (701)
Cancellation of treasury stock (73) (504) 577 – – – – –
Distributions to noncontrolling interests – – – – – – (36) (36)
Balance at December 31, 2011 $ 1,353 $ 6,317 $ (124) $ 7,046 $ (2,716) $ 11,876 $ 149 $ 12,025
Comprehensive income – – – 1,195 (511) 684 28 712
Cash dividends declared-common stock (1) – – – (226) – (226) – (226)
Cash dividends declared-preferred stock (2) – – – (24) – (24) – (24)
Contribution of common stock to
U.S. pension plan 15 115 – – – 130 – 130
Stock option and incentive plans, net 18 115 – – – 133 – 133
Payments to acquire treasury stock,
including fees – – (1,052) – – (1,052) – (1,052)
Cancellation of treasury stock (147) (925) 1,072 – – – – –
Distributions to noncontrolling interests – – – – – – (34) (34)
Balance at December 31, 2012 $ 1,239 $ 5,622 $ (104) $ 7,991 $ (3,227) $ 11,521 $ 143 $ 11,664
(1) Cash dividends declared on common stock of $0.0425 in each of the four quarters in 2012, 2011 and 2010.
(2) Cash dividends declared on preferred stock of $12.22 per share in the first quarter of 2010 and $20 per share in each quarter thereafter in 2010, 2011 and 2012.
(3) AOCL – Accumulated other comprehensive loss.
The accompanying notes are an integral part of these Consolidated Financial Statements.