Ameriprise 2008 Annual Report Download - page 137

At December 31, 2008, future maturities of debt were as follows:
(in millions)
2009 $ —
2010 800
2011 —
2012 —
2013 64
Thereafter 1,163
Total future maturities $ 2,027
15. Related Party Transactions
The Company may engage in transactions in the ordinary course of business with significant shareholders or their subsidiaries,
between the Company and its directors and officers or with other companies whose directors or officers may also serve as
directors or officers for the Company or its subsidiaries. The Company carries out these transactions on customary terms.
Other than for the share repurchase from Berkshire Hathaway Inc. and subsidiaries described below, the transactions have
not had a material impact on the Company’s consolidated results of operations or financial condition.
Berkshire Hathaway Inc. (‘‘Berkshire’’) and subsidiaries owned less than 5% of the Company’s common stock at
December 31, 2008, 2007 and 2006 and 12% of the Company’s common stock at December 31, 2005. On March 29,
2006, the Company entered into a Stock Purchase and Sale Agreement with Warren E. Buffet and Berkshire to repurchase
6.4 million shares of the Company’s common stock. The repurchase was completed on March 29, 2006 at a price per share
equal to the March 29, 2006 closing price of $42.91.
The Company’s executive officers and directors may have transactions with the Company or its subsidiaries involving financial
products and insurance services. All obligations arising from these transactions are in the ordinary course of the Company’s
business and are on the same terms in effect for comparable transactions with the general public. Such obligations involve
normal risks of collection and do not have features or terms that are unfavorable to the Company’s subsidiaries.
16. Share-Based Compensation
The Company’s share-based compensation plans consist of the Amended and Restated Ameriprise Financial 2005 Incentive
Compensation Plan (the ‘‘2005 ICP’’), the Ameriprise Financial 2008 Employment Incentive Equity Award Plan (the ‘‘2008
Plan’’), and the Amended Deferred Equity Program for Independent Financial Advisors (‘‘P2 Deferral Plan’’).
In accordance with the Employee Benefits Agreement (‘‘EBA’’) entered into between the Company and American Express as
part of the Distribution, all American Express stock options and restricted stock awards held by the Company’s employees
which had not vested on or before December 31, 2005 were substituted with a stock option or restricted stock award issued
under the 2005 ICP. All American Express stock options and restricted stock awards held by the Company’s employees that
vested on or before December 31, 2005 remained American Express stock options or restricted stock awards. Current taxes
payable for 2008 and 2007 were reduced by $27 million and $15 million, respectively, for tax benefits related to the
American Express awards that vested on or before December 31, 2005.
The components of the Company’s share-based compensation expense, net of forfeitures, were as follows:
Years Ended December 31,
2008 2007 2006
(in millions)
Stock options $ 40 $ 37 $ 35
Restricted stock awards 57 52 46
Restricted stock units 51 54 32
Total $ 148 $ 143 $ 113
For the years ended December 31, 2008, 2007 and 2006, the total income tax benefit recognized by the Company related to
the share-based compensation expense was $52 million, $50 million and $39 million, respectively.
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