E-Z-GO 2011 Annual Report Download - page 58

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Consolidated Statements of Shareholders’ Equity
(In millions, except per share data)
Preferred
Stock
Common
Stock
Capital
Surplus
Retained
Earnings
Treasury
Stock
Accumu-
lated
Other
Compre-
hensive
Loss
Total
Share-
holders’
Equity
Balance at January 3, 2009
$ 2
$ 32
$ 1,229
$ 3,025
$ (500)
$ (1,422)
$ 2,366
Net loss
(31)
(31)
Other comprehensive income (loss):
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 (loss)
70
Dividends declared ($0.08 per share)
(21)
(21)
Share-based compensation
30
30
Purchases of convertible note call options
(140)
(140)
Equity component of convertible debt issuance
134
134
Issuance of common stock and warrants
3
330
333
Issuance of common stock for 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
Net income
86
86
Other comprehensive income (loss):
Foreign currency translation adjustment
(2)
(2)
Deferred gains on hedge contracts
14
14
Pension adjustments
(112)
(112)
Recognition of currency translation loss (see Note 11)
74
74
Other reclassification adjustments
31
31
Total other comprehensive income (loss)
91
Dividends declared ($0.08 per share)
(22)
(22)
Share-based compensation
22
22
Exercise of stock options
7
7
Issuance of common stock for employee stock plans
(94)
145
51
Income tax impact of employee stock transactions
(3)
(3)
Balance at January 1, 2011
—
35
1,301
3,037
(85)
(1,316)
2,972
Net income
242
242
Other comprehensive income (loss):
Foreign currency translation adjustment
(3)
(3)
Deferred gains on hedge contracts
(5)
(5)
Pension adjustments
(350)
(350)
Other reclassification adjustments
49
49
Total other comprehensive income (loss)
(67)
Dividends declared ($0.08 per share)
(22)
(22)
Purchases and conversions of convertible notes
(179)
(3)
(182)
Amendment of call option/warrant transactions and
purchase of capped call
(30)
(30)
Share-based compensation
21
21
Issuance of common stock for employee stock plans
(32)
85
53
Balance at December 31, 2011
$ —
$ 35
$ 1,081
$ 3,257
$ (3)
$ (1,625)
$ 2,745
See Notes to the Consolidated Financial Statements.
47
Textron Inc. Annual Report • 2011 47