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56
Consolidated Statements of Changes in Shareowners’ Equity
Fiscal years ended December 29, 2012, December 31, 2011, and January 1, 2011
(Millions of Dollars, Except Per Share Amounts)
Common
Stock
Additional
Paid In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
ESOP
Treasury
Stock
Non-
Controlling
Interests
Shareowners’
Equity
Balance January 2, 2010………………………….
$
230.9
$
126.7
$
2,295.5
$
(76.5)
$
(80.8)
$
(509.7)
$
25.4
$
2,011.5
Net earnings………………………………………..
198.2
—
198.2
Other comprehensive loss…………………………..
(39.8)
(39.8)
Cash dividends declared — $1.34 per share……….
(193.9)
(193.9)
Equity purchase contracts — stock issuance……….
12.9
307.1
320.0
Issuance of common stock………………………….
(30.2)
—
95.5
65.3
Black & Decker consideration paid………………...
196.9
4,458.9
0.4
4,656.2
Repurchase of common stock (79,357 shares)……..
—
(4.9)
(4.9)
Convertible equity — offering fees………………...
(13.6)
(13.6)
Convertible equity — non-cash stock contract fees..
(14.9)
(14.9)
Net premium paid and settlement of equity option...
(48.6)
(1.7)
(50.3)
Non-controlling interest buyout……………………
0.7
(1.6)
(0.9)
Non-controlling interests of acquired businesses…..
28.9
28.9
Other, stock-based compensation related…………..
85.0
85.0
Tax benefit related to stock options exercised……..
14.6
14.6
ESOP and related tax benefit……………………….
2.0
6.3
8.3
Balance January 1, 2011 $
440.7
$
4,885.7
$
2,301.8
$
(116.3)
$
(74.5)
$
(420.4)
$
52.7
$
7,069.7
Net earnings………………………………………...
—
—
674.6
—
—
—
(0.1)
674.5
Other comprehensive loss…………………………..
(232.9)
(232.9)
Cash dividends declared — $1.64 per share……….
(271.3)
(271.3)
Issuance of common stock………………………….
(22.4)
123.7
101.3
Forward obligation to purchase treasury shares……
(350.0)
(350.0)
Equity purchase contracts — stock issuance……….
(0.4)
(0.4)
Net premium paid and settlement of equity option...
(19.4)
(0.2)
(19.6)
Repurchase of common stock (164,710 shares)……
(11.1)
(11.1)
Non-controlling interests of acquired businesses…..
10.6
10.6
Other, stock-based compensation related…………..
68.9
68.9
Tax benefit related to stock options exercised……..
18.9
18.9
ESOP and related tax benefit……………………….
2.2
6.0
8.2
Balance December 31, 2011 $
440.7
$
4,581.3
$
2,707.3
$
(349.2)
$
(68.5)
$
(308.0)
$
63.2
$
7,066.8
Net earnings………………………………………...
883.8
(0.8)
883.0
Other comprehensive loss…………………………..
(38.8)
(38.8)
Cash dividends declared — $1.80 per share……….
(293.8)
(1.0)
(294.8)
Issuance of common stock………………………….
(52.7)
161.4
108.7
Convertible equity-hedge share receipt…………….
46.9
(46.9)
—
Delivery to Convertible note holder………………..
1.6
(1.6)
—
Net premium paid on equity option………………...
(29.5)
(29.5)
Repurchase of common stock (12,613,068 shares)...
(170.0)
(903.9)
(1,073.9)
Non-controlling interest buyout……………………
(8.3)
(13.3)
(21.6)
Non-controlling interests of acquired businesses…..
11.9
11.9
Stock-based compensation related…………………
89.7
89.7
Tax benefit related to stock options exercised……..
17.7
17.7
ESOP and related tax benefit……………………….
2.2
5.7
7.9
Balance December 29, 2012………………………
$
442.3
$
4,473.5
$
3,299.5
$
(388.0)
$
(62.8)
$
(1,097.4)
$
60.0
$
6,727.1
See Notes to Consolidated Financial Statements.