Chevron 2009 Annual Report Download - page 40

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38 Chevron Corporation 2009 Annual Report
Consolidated Statement of Equity
Shares in thousands; amounts in millions of dollars
2009 2008 2007
Shares Amount Shares Amount Shares Amount
Preferred Stock – $ – – $ – – $ –
Common Stock 2,442,677 $ 1,832 2,442,677 $ 1,832 2,442,677 $ 1,832
Capital in Excess of Par
Balance at January 1 $ 14,448 $ 14,289 $ 14,126
Treasury stock transactions 183 159 163
Balance at December 31 $ 14,631 $ 14,448 $ 14,289
Retained Earnings
Balance at January 1 $ 101,102 $ 82,329 $ 68,464
Net income attributable to Chevron Corporation 10,483 23,931 18,688
Cash dividends on common stock (5,302) (5,162) (4,791)
Adoption of new accounting standard for uncertain
income tax positions – – (35)
Tax benefit from dividends paid on
unallocated ESOP shares and other 6 4 3
Balance at December 31
$ 106,289 $ 101,102 $ 82,329
Notes Receivable – Key Employees $ – $ – $ (1)
Accumulated Other Comprehensive Loss
Currency translation adjustment
Balance at January 1 $ (171) $ (59) $ (90)
Change during year 60 (112) 31
Balance at December 31 $ (111) $ (171) $ (59)
Pension and other postretirement benefit plans
Balance at January 1 $ (3,909) $ (2,008) $ (2,585)
Change to defined benefit plans during year (399) (1,901) 685
Adoption of new accounting standard
for defined benefit pension and other
postretirement plans – – (108)
Balance at December 31 $ (4,308) $ (3,909) $ (2,008)
Unrealized net holding gain on securities
Balance at January 1 $ 13 $ 19 $ –
Change during year 2 (6) 19
Balance at December 31 $ 15 $ 13 $ 19
Net derivatives gain (loss) on hedge transactions
Balance at January 1 $ 143 $ 33 $ 39
Change during year (60) 110 (6)
Balance at December 31 $ 83 $ 143 $ 33
Balance at December 31 $ (4,321) $ (3,924) $ (2,015)
Deferred Compensation and Benefit Plan Trust
Deferred Compensation
Balance at January 1 $ (194) $ (214) $ (214)
Net reduction of ESOP debt and other 85 20 –
Balance at December 31 (109) (194) (214)
Benefit Plan Trust (Common Stock) 14,168 (240) 14,168 (240) 14,168 (240)
Balance at December 31 14,168 $ (349) 14,168 $ (434) 14,168 $ (454)
Treasury Stock at Cost
Balance at January 1 438,445 $ (26,376) 352,243 $ (18,892) 278,118 $ (12,395)
Purchases 85 (6) 95,631 (8,011) 85,429 (7,036)
Issuances – mainly employee benefit plans (3,575) 214 (9,429) 527 (11,304) 539
Balance at December 31 434,955 $ (26,168) 438,445 $ (26,376) 352,243 $ (18,892)
Total Chevron Corporation Stockholders’ Equity $ 91,914 $ 86,648 $ 77,088
at December 31
Noncontrolling Interests
$ 647 $ 469 $ 204
Total E quit y $ 92,561 $ 87,117 $ 7 7, 292
See accompanying Notes to the Consolidated Financial Statements.