E-Z-GO 2008 Annual Report Download - page 61

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Accumu-
lated
Other Total
$2.08 $1.40 Compre- Share-
Preferred Preferred Common Capital Retained Treasury hensive holders’
(In millions, except per share data) Stock Stock Stock Surplus Earnings Stock Loss Equity
Balance at December 31, 2005 $ 4 $ 6 $ 26 $ 1,533 $ 5,808 $ (4,023) $ (78) $ 3,276
Net income 601 601
Currency translation adjustment, net of income
taxes of $28 45 45
Deferred gains on hedge contracts, net of income
taxes of $3 (5) (5)
Reclassification adjustment, net of income tax benefit of $4 (9) (9)
Reclassification due to sale of Fastening Systems, net of
income taxes of $0 (8) (8)
Minimum pension adjustment, net of income taxes of $24 58 58
Comprehensive income 682
Transition adjustment upon adoption of SFAS No. 158,
net of income tax benefit of $348 (647) (647)
Dividends declared ($0.78 per share) (198) (198)
Exercise of stock options and stock-based compensation 253 253
Purchases of common stock (750) (750)
Issuance of common stock 33 33
Balance on December 30, 2006 $ 4 $ 6 $ 26 $ 1,786 $ 6,211 $ (4,740) $ (644) $ 2,649
Net income 917 917
Currency translation adjustment, net of income tax
benefit of $13 57 57
Deferred gains on hedge contracts, net of income
taxes of $22 53 53
Reclassification adjustment, net of income taxes of $17 38 38
Pension adjustment, net of income tax benefit of $23 96 96
Comprehensive income 1,161
Impact of adoption of FSP 13-2 and FIN 48 (11) (11)
Retirement of treasury shares (2) (6) (10) (770) (4,123) 4,911 —
Stock split issued in the form of a stock dividend 16 (16) —
Dividends declared ($ 0.85 per share) (212) (212)
Exercise of stock options and stock-based compensation 157 4 161
Purchases of common stock (295) (295)
Issuance of common stock 20 34 54
Balance on December 29, 2007 $ 2 $ — $ 32 $ 1,193 $ 2,766 $ (86) $ (400) $ 3,507
Net income 486 486
Currency translation adjustment, net of income tax
benefit of $15 (195) (195)
Deferred losses on hedge contracts, net of income
tax benefit of $18 (73) (73)
Reclassification adjustment, net of income taxes of $11 14 14
Reclassification due to sale of Fluid & Power, net of income
tax benefit of $4 35 35
Pension adjustment, net of income tax benefit of $495 (803) (803)
Comprehensive income 536
Dividends declared ($0.92 per share) (227) (227)
Exercise of stock options and stock-based compensation 73 17 90
Purchases of common stock (533) (533)
Issuance of common stock (37) 102 65
Balance on January 3, 2009 $ 2 $ — $ 32 $ 1,229 $ 3,025 $ (500) $ (1,422) $ 2,366
See Notes to the Consolidated Financial Statements.
Consolidated Statements of Shareholders’ Equity
48