Boeing 2008 Annual Report Download - page 113

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Changes in Share Balances
The following table shows changes in each class of shares:
Common
Stock
Treasury
Stock
ShareValue
Trust
Balance January 1, 2006 1,012,261,159 212,091,420 39,593,463
Issued (13,502,823)
Acquired 24,933,579 524,563
Payout (9,215,000)
Balance December 31, 2006 1,012,261,159 223,522,176 30,903,026
Issued (8,300,606)
Acquired 28,995,600 459,824
Payout
Balance December 31, 2007 1,012,261,159 244,217,170 31,362,850
Issued (629,111)
Acquired 42,073,885 658,582
Payout (3,560,663)
Balance December 31, 2008 1,012,261,159 285,661,944 28,460,769
Accumulated Other Comprehensive Loss
The components of Accumulated other comprehensive loss at December 31 were as follows:
2008 2007
Pension and postretirement adjustments $(13,421) $(4,948)
Unrealized (losses)/gains on derivative instruments, net of reclassification
adjustments (101) 92
Unrealized (losses)/gains on certain investments, net of reclassification
adjustments (67) 16
Foreign currency translation adjustments 64 244
Accumulated other comprehensive loss $(13,525) $(4,596)
Note 17 – Derivative Financial Instruments
Cash Flow Hedges
Our cash flow hedges include certain interest rate swaps, cross currency swaps, foreign currency
forward contracts, foreign currency option contracts and commodity purchase contracts. Interest rate
swap contracts under which we agree to pay fixed rates of interest are designated as cash flow hedges
of variable-rate debt obligations. We use foreign currency forward contracts to manage currency risk
associated with certain forecasted transactions, specifically sales and purchase commitments made in
foreign currencies. Our foreign currency forward contracts hedge forecasted transactions principally
occurring within five years in the future, with certain contracts hedging transactions up to 2021. We use
commodity derivatives, such as fixed-price purchase commitments, to hedge against potentially
unfavorable price changes for items used in production. These include commitments to purchase
electricity at fixed prices through 2013.
For the years ended December 31, 2008, 2007, and 2006, gains of $34, $24, and $24, respectively,
(net of tax) were reclassified to cost of products and services from Accumulated other comprehensive
loss. In 2006, additional gains of $12 were reclassified from Accumulated other comprehensive loss to
99