Foot Locker 2009 Annual Report Download - page 49

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
2009 2008 2007
Shares Amount Shares Amount Shares Amount
(shares in thousands, amounts in millions)
Common Stock and Paid-In Capital
Par value $0.01 per share, 500 million shares authorized
Issued at beginning of year ............... 159,599 $ 691 158,997 $ 676 157,810 $ 653
Restricted stock issued under stock option and award
plans .......................... 1,004 — 245 — 513 —
Forfeitures of restricted stock .............. — ——2——
Share-based compensation expense ........... — 12—9—10
Issued under director and employee stock plans, net of
tax........................... 664 6 357 4 674 13
Issued at end of year ................... 161,267 709 159,599 691 158,997 676
Common stock in treasury at beginning of year ..... (4,681) (102) (4,523) (99) (2,107) (47)
Forfeitures/cancellations of restricted stock....... (10) — (90) (2) (25) —
Shares of common stock used to satisfy tax withholding
obligations ....................... (32) (1) (65) (1) (95) (2)
Stock repurchases .................... — — — — (2,283) (50)
Exchange of options ................... (3) — (3) — (13) —
Common stock in treasury at end of year ......... (4,726) (103) (4,681) (102) (4,523) (99)
156,541 606 154,918 589 154,474 577
Retained Earnings
Balance at beginning of year ............... 1,581 1,754 1,785
Cumulative effect of accounting change resulting from
the adoption of guidance for uncertainty in income
taxes, net of tax (see Note 1) ............. — — 1
Adjusted balance at beginning of year .......... 1,581 1,754 1,786
Net income (loss)..................... 48 (80) 45
Cash dividends declared on common stock $0.60, $0.60
and $0.50 per share, respectively ........... (94) (93) (77)
Balance at end of year .................. 1,535 1,581 1,754
Accumulated Other Comprehensive Loss
Foreign Currency Translation Adjustment
Balance at beginning of year ............... 10 93 37
Translation adjustment arising during the year, net of
tax........................... 65 (83) 56
Balance at end of year .................. 75 10 93
Cash Flow Hedges
Balance at beginning of year ............... 2 1 —
Change during the year, net of tax ............ (2) 1 1
Balance at end of year .................. — 2 1
Pension and Postretirement Adjustments
Balance at beginning of year ............... (253) (162) (133)
Change during the year, net of tax ............ (13) (91) (29)
Balance at end of year .................. (266) (253) (162)
Available-for-Sale Securities
Balance at beginning of year ............... (5) (2) —
Change during the year, without tax benefit ....... 3 (3) (2)
Balance at end of year .................. (2) (5) (2)
Total Accumulated Other Comprehensive Loss .... (193) (246) (70)
Total Shareholders’ Equity ............... $1,948 $1,924 $2,261
See Accompanying Notes to Consolidated Financial Statements.
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