E-Z-GO 2009 Annual Report Download - page 55

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46
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 30, 2006 $ 4 $ 6 $ 26 $ 1,786 $ 6,211 $(4,740) $ (644) $ 2,649
Net income 917 917
Other comprehensive income:
Foreign currency translation adjustment 57 57
Deferred gains on hedge contracts 53 53
Pension adjustments 96 96
Reclassification adjustments 38 38
Total other comprehensive income 1,161
Impact of adoption of new accounting standards (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)
Share-based compensation 41 41
Exercise of stock options 101 101
Purchases of common stock (295) (295)
Issuance of common stock under employee stock plans 8 38 46
Income tax impact of employee stock transactions 27 27
Balance at December 29, 2007 2 — 32 1,193 2,766 (86) (400) 3,507
Net income 486 486
Other comprehensive loss:
Foreign currency translation adjustment (195) (195)
Deferred losses on hedge contracts (73) (73)
Pension adjustments (803) (803)
Reclassification adjustments 14 14
Reclassification due to sale of Fluid & Power 35 35
Total other comprehensive loss (536)
Dividends declared ($0.92 per share) (227) (227)
Share-based compensation 50 50
Exercise of stock options 39 39
Purchases of common stock (533) (533)
Issuance of common stock under employee stock plans (66) 119 53
Income tax impact of employee stock transactions 13 13
Balance at January 3, 2009 2 — 32 1,229 3,025 (500) (1,422) 2,366
Net loss (31) (31)
Other comprehensive income:
Foreign currency translation adjustment 23 23
Deferred gains on hedge contracts 67 67
Pension adjustments (25) (25)
Reclassification adjustments 21 21
Pension curtailment 15 15
Total other comprehensive income 70
Dividends declared ($0.08 per share) (21) (21)
Share-based compensation 30 30
Purchase of convertible note hedge (140) (140)
Equity component of convertible debt issuance 134 134
Issuance of common stock and warrants 3 330 333
Issuance of common stock under employee stock plans (210) 270 60
Redemption of preferred stock (2) 1 (1)
Income tax impact of employee stock transactions (5) (5)
Balance at January 2, 2010 $ — $ — $ 35 $ 1,369 $ 2,973 $ (230) $ (1,321) $ 2,826
See Notes to the Consolidated Financial Statements.
Consolidated Statements of Shareholders’ Equity