Federal Express 2011 Annual Report Download - page 45

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43
FEDEX CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’
INVESTMENT AND COMPREHENSIVE INCOME
(in millions, except share data)
Common
Stock
Additional
Paid–in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock Total
Balance at May 31, 2008 $ 31 $ 1,922 $ 13,002 $ (425) $ (4) $ 14,526
Adjustment to opening balances for
retirement plans measurement date
transition, net of tax benefit of $26 and
expense of $220, respectively – – (44) 369 – 325
Balance at June 1, 2008 31 1,922 12,958 (56) (4) 14,851
Net income – – 98 – – 98
Foreign currency translation adjustment,
net of tax of $28 – – – (112) – (112)
Retirement plans adjustments,
net of tax of $718 – – – (1,205) – (1,205)
Total comprehensive loss (1,219)
Cash dividends declared ($0.44 per share) – – (137) – – (137)
Employee incentive plans and other
(995,271 shares issued) – 131 – – – 131
Balance at May 31, 2009 31 2,053 12,919 (1,373) (4) 13,626
Net income – – 1,184 – – 1,184
Foreign currency translation adjustment,
net of tax of $2 – – – (25) – (25)
Retirement plans adjustments,
net of tax of $617 – – – (1,042) – (1,042)
Total comprehensive income 117
Purchase of treasury stock – – – – (3) (3)
Cash dividends declared ($0.44 per share) – – (137) – – (137)
Employee incentive plans and other
(2,375,753 shares issued) – 208 – – – 208
Balance at May 31, 2010 31 2,261 13,966 (2,440) (7) 13,811
Net income – – 1,452 – – 1,452
Foreign currency translation adjustment,
net of tax of $27 – – – 125 – 125
Retirement plans adjustments,
net of tax of $141 – – – (235) – (235)
Total comprehensive income 1,342
Purchase of treasury stock – – – – (5) (5)
Cash dividends declared ($0.48 per share) – – (152) – – (152)
Employee incentive plans and other
(2,229,051 shares issued) 1 223 – – – 224
Balance at May 31, 2011 $ 32 $ 2,484 $ 15,266 $ (2,550) $ (12) $ 15,220
The accompanying notes are an integral part of these consolidated financial statements.