Lockheed Martin 2011 Annual Report Download - page 62

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Lockheed Martin Corporation
Consolidated Statements of Stockholders’ Equity
(In millions, except per share data)
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Total
Stockholders’
Equity
Compre-
hensive
Income
(Loss)
Balance at December 31, 2008 $393 $ — $11,621 $ (9,149) $ 2,865
Cumulative effect of a change in accounting
principle (see Note 1) — — (112) — (112)
Balance at December 31, 2008, as adjusted 393 — 11,509 (9,149) 2,753
Net earnings — — 2,973 — 2,973 $ 2,973
Repurchases of common stock (25) (440) (1,386) — (1,851) —
Common stock dividends declared ($2.34 per
share) — — (908) — (908) —
Stock-based awards and ESOP activity 5 440 — — 445 —
Other comprehensive income (loss):
Postretirement benefit plans:
Unrecognized amounts in 2009, net of
tax of $121 million — — — 214 214 214
Recognition of previously deferred
amounts, net of tax of $158 million — — — 281 281 281
Other, net — — — 59 59 59
Balance at December 31, 2009 373 — 12,188 (8,595) 3,966 $ 3,527
Net earnings — — 2,878 — 2,878 $ 2,878
Repurchases of common stock (33) (514) (1,936) — (2,483) —
Common stock dividends declared ($2.64 per
share) — — (969) — (969) —
Stock-based awards and ESOP activity 6 514 — — 520 —
Other comprehensive income (loss):
Postretirement benefit plans:
Unrecognized amounts in 2010, net of
tax benefit of $531 million — — — (983) (983) (983)
Recognition of previously deferred
amounts, net of tax of $304 million — — — 553 553 553
Other, net — — — 15 15 15
Balance at December 31, 2010 346 — 12,161 (9,010) 3,497 $ 2,463
Net earnings — — 2,655 — 2,655 $ 2,655
Repurchases of common stock (32) (589) (1,781) — (2,402) —
Common stock dividends declared ($3.25 per
share) — — (1,098) — (1,098) —
Stock-based awards and ESOP activity 7 589 — — 596 —
Other comprehensive income (loss):
Postretirement benefit plans:
Unrecognized amounts in 2011, net of
tax benefit of $1.6 billion — — — (2,858) (2,858) (2,858)
Recognition of previously deferred
amounts, net of tax of $364 million — — — 666 666 666
Other, net — — — (55) (55) (55)
Balance at December 31, 2011 $321 $ — $11,937 $(11,257) $ 1,001 $ 408
See accompanying Notes to Consolidated Financial Statements.
54