Black & Decker 2015 Annual Report Download - page 70

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Consolidated Statements of Changes in Shareowners’ Equity
Fiscal years ended January 2, 2016, January 3, 2015, and December 28, 2013
(Millions of Dollars, Except Per Share Amounts)
Preferred
Stock Common
Stock
Additional
Paid In
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Loss ESOP Treasury
Stock
Non-
Controlling
Interests Shareowners’
Equity
Balance December 29, 2012.................. $ — $ 442.3 $ 4,473.5 $ 3,299.5 $ (388.0) $ (62.8) $ (1,097.4) $ 60.0 $ 6,727.1
Net earnings ............................................ 490.3 (1.0) 489.3
Other comprehensive loss....................... (111.0) (111.0)
Cash dividends declared — $1.98 per
share ....................................................... (307.1) (307.1)
Issuance of common stock...................... (115.6) 250.1 134.5
Settlement of forward share repurchase
contract ................................................... 350.0 (350.0) —
Equity units — non-cash stock contract
fees ......................................................... (40.2) (40.2)
Equity units — offering fees................... (9.2) (9.2)
Net premium paid on equity option ........ (83.2) (83.2)
Repurchase of common stock
(2,225,732 shares) .................................. 217.9 (257.1) (39.2)
Non-controlling interest buyout.............. (1.1) (15.2) (16.3)
Non-controlling interests of acquired
businesses ............................................... 37.5 37.5
Stock-based compensation related.......... 66.4 66.4
Tax benefit related to stock options
exercised ................................................. 20.1 20.1
ESOP and related tax benefit.................. 2.2 9.6 11.8
Balance December 28, 2013.................. $ — $ 442.3 $ 4,878.6 $ 3,484.9 $ (499.0) $ (53.2) $ (1,454.4) $ 81.3 $ 6,880.5
Net earnings ............................................ 760.9 0.5 761.4
Other comprehensive loss....................... (771.2) (771.2)
Cash dividends declared — $2.04 per
share ....................................................... (321.3) (321.3)
Issuance of common stock...................... (69.4) 129.8 60.4
Forward obligation to purchase treasury
shares ...................................................... (150.0) (150.0)
Repurchase of common stock
(340,576 shares) ..................................... (28.2) (28.2)
Non-controlling interest buyout.............. (0.6) (0.6)
Non-controlling interests of acquired
businesses ............................................... 1.6 1.6
Stock-based compensation related.......... 57.1 57.1
Tax benefit related to stock options
exercised ................................................. 10.8 10.8
ESOP and related tax benefit .................. 1.8 9.6 11.4
Balance January 3, 2015 ...................... $ — $ 442.3 $ 4,727.1 $ 3,926.3 $ (1,270.2) $ (43.6) $ (1,352.8) $ 82.8 $ 6,511.9
Net earnings ............................................ 883.7 (1.6) 882.1
Other comprehensive loss....................... (424.0) (424.0)
Cash dividends declared — $2.14 per
share ....................................................... (319.9) (319.9)
Issuance of common stock...................... (96.1) 231.4 135.3
Forward obligation to purchase treasury
shares ...................................................... (350.0) (350.0)
Repurchase of common stock
(9,227,564 shares) .................................. 263.9 (913.7) (649.8)
Issuance of preferred stock ..................... 632.5 632.5
Redemption and conversion of preferred
stock ....................................................... (632.5) (220.1) 220.1 (632.5)
Non-controlling interest buyout.............. 0.8 (33.6) (32.8)
Stock-based compensation related.......... 67.9 67.9
Tax benefit related to stock options
exercised ................................................. 28.2 28.2
ESOP and related tax benefit.................. 1.6 8.7 10.3
Balance January 2, 2016 ...................... $ — $ 442.3 $ 4,421.7 $ 4,491.7 $ (1,694.2) $ (34.9) $ (1,815.0) $ 47.6 $ 5,859.2
See Notes to Consolidated Financial Statements.
56