Dow Chemical 2012 Annual Report Download - page 99
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73
The Dow Chemical Company and Subsidiaries
Consolidated Statements of Equity
(In millions) For the years ended December 31 2012 2011 2010
Preferred Stock
Balance at beginning of year and end of year 4,000 4,000 4,000
Common Stock
Balance at beginning of year 2,961 2,931 2,906
Common stock issued 47 30 25
Balance at end of year 3,008 2,961 2,931
Additional Paid-in Capital
Balance at beginning of year 2,663 2,286 1,913
Common stock issued 248 206 156
Stock-based compensation and allocation of ESOP shares 370 171 217
Balance at end of year 3,281 2,663 2,286
Retained Earnings
Balance at beginning of year 19,087 17,736 16,704
Net income available for The Dow Chemical Company common stockholders 842 2,402 1,970
Dividends declared on common stock (per share: $1.21 in 2012, $0.90 in 2011 and $0.60 in
2010) (1,419) (1,037) (677)
Other (15) (14) (13)
Impact of adoption of ASU 2009-17, net of tax — — (248)
Balance at end of year 18,495 19,087 17,736
Accumulated Other Comprehensive Loss
Balance at beginning of year (5,996) (4,399) (3,892)
Other comprehensive loss (1,520) (1,597) (507)
Balance at end of year (7,516) (5,996) (4,399)
Unearned ESOP Shares
Balance at beginning of year (434) (476) (519)
Shares acquired (11) (5) (1)
Shares allocated to ESOP participants 54 47 44
Balance at end of year (391) (434) (476)
Treasury Stock
Balance at beginning of year — (239) (557)
Purchases — (19) (14)
Issuance to employees and employee plans — 258 332
Balance at end of year — — (239)
The Dow Chemical Company’s Stockholders’ Equity 20,877 22,281 21,839
Noncontrolling Interests
Balance at beginning of year 1,010 803 569
Net income (loss) attributable to noncontrolling interests (82) 42 11
Distributions to noncontrolling interests (73) (43) (8)
Capital contributions (noncash capital contributions - 2012: $97; 2011: $0; 2010: $0) 97 37 —
Consolidation of variable interest entities 37 31 109
Conversion of note payable to preferred shares of a subsidiary — 158 —
Impact of adoption of ASU 2009-17 — — 100
Other 1 (18) 22
Balance at end of year 990 1,010 803
Total Equity $ 21,867 $ 23,291 $ 22,642
See Notes to the Consolidated Financial Statements.