Emerson 2015 Annual Report Download - page 55

2015 Annual Report | 53
In addition to the employee stock option and incentive shares plans, in 2015 the Company awarded 21,429 shares
of restricted stock and 4,762 restricted stock units under the restricted stock plan for nonmanagement directors.
As of September 30, 2015, 221,955 shares were available for issuance under this plan.
(15) Common and Preferred Stock
At September 30, 2015, 49.3 million shares of common stock were reserved for issuance under the Company’s
stock-based compensation plans. During 2015, 43.1 million common shares were purchased and 1.1 million
treasury shares were reissued. In 2014, 14.8 million common shares were purchased and 4.7 million treasury
shares were reissued.
At September 30, 2015 and 2014, the Company had 5.4 million shares of $2.50 par value preferred stock authorized,
with none issued.
(16) Accumulated Other Comprehensive Income (Loss)
Activity in accumulated other comprehensive income (loss) attributable to common stockholders is shown below:
2013 2014 2015
Foreign currency translation
Beginning balance $ 466 504 171
Other comprehensive income (loss) 38 (341) (793)
Purchase of noncontrolling interest — 8 —
Ending balance 504 171 (622)
Pension and postretirement
Beginning balance (1,213) (692) (746)
Actuarial gains (losses) deferred during the period 375 (152) (315)
Amortization of deferred actuarial losses into earnings 146 98 109
Ending balance (692) (746) (952)
Cash flow hedges
Beginning balance 16 (1) —
Gains (Losses) deferred during the period (11) (1) (66)
Reclassifications of realized (gains) losses to sales and cost of sales (6) 2 23
Ending balance (1) — (43)
Accumulated other comprehensive income (loss) $ (189) (575) (1,617)
Activity above is shown net of income taxes for 2015, 2014 and 2013, respectively, as follows: deferral of pension
and postretirement actuarial gains (losses): $192, $87 and $(233); amortization of pension and postretirement
deferred actuarial losses: $(59), $(52) and $(85); deferral of cash flow hedging gains (losses): $38, $ - and $7;
reclassification of realized cash flow hedging (gains) losses: $(13), $ - and $3.
(17) Business Segments Information
The Company designs and manufactures products and delivers services that bring technology and engineering
together to provide innovative solutions for customers in a wide range of industrial, commercial and consumer
markets around the world. The business segments of the Company are organized primarily by the nature of the
products and services they sell.
The Process Management segment provides systems and software, measurement and analytical instrumentation,
valves, actuators and regulators, services and solutions and reliability consulting including digital plant architecture
that allows communication of devices with centralized systems, to provide precision measurement, control,
monitoring, asset optimization, and plant safety and reliability for plants that produce power or process fluids or
items such as petroleum, chemicals, food and beverages, pulp and paper, pharmaceuticals and municipal water
supplies. The Industrial Automation segment provides low, medium and high voltage alternators and other power
generation equipment, commercial and industrial motors and drives, fluid power and control mechanisms, electrical
distribution equipment, and materials joining and precision cleaning products which are used in a wide variety
of manufacturing operations to provide integrated manufacturing solutions to customers. The Network Power