Boeing 2010 Annual Report Download - page 108

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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, 2008 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
Issued (30,428,387)
Acquired 1,173,152 1,102,555
Balance December 31, 2009 1,012,261,159 256,406,709 29,563,324
Issued (9,353,570)
Acquired 385,596
ShareValue Trust termination 29,948,920 (29,948,920)
Balance December 31, 2010 1,012,261,159 277,002,059
Accumulated Other Comprehensive Loss
The components of Accumulated other comprehensive loss at December 31 were as follows:
2010 2009
Pension and postretirement adjustments $(14,079) $(12,154)
Unrealized gains on derivative instruments, net of reclassification adjustments 95 67
Unrealized losses on certain investments, net of reclassification adjustments (6) (6)
Foreign currency translation adjustments 232 216
Accumulated other comprehensive loss $(13,758) $(11,877)
Note 17 – Derivative Financial Instruments
Cash Flow Hedges
Our cash flow hedges include foreign currency forward contracts, foreign currency option contracts,
commodity swaps, and commodity purchase contracts. We use foreign currency forward and option
contracts to manage currency risk associated with certain transactions, specifically forecasted sales
and purchases made in foreign currencies. Our foreign currency 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 swaps and 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 2016.
Fair Value Hedges
Interest rate swaps under which we agree to pay variable rates of interest are designated as fair value
hedges of fixed-rate debt. The net change in fair value of the derivatives and the hedged items is
reported in Boeing Capital Corporation interest expense.
96