Motorola 2014 Annual Report Download - page 51

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49
Consolidated Statements of Stockholders’ Equity
(In millions, except per share amounts) Shares
Common
Stock and
Additional Paid-in
Capital
Accumulated Other
Comprehensive
Income (Loss) Retained
Earnings Noncontrolling
Interests
Balance as of January 1, 2012 320 $ 7,074 $ (2,876) $ 1,016 $ 60
Net earnings 881 —
Net unrealized gain on securities, net of tax of $1 1
Foreign currency translation adjustments, net of tax benefit of
$(4) 14
Amortization of retirement benefit adjustments, net of tax of $99 177
Remeasurement of retirement benefits, net of tax of $52 87
Year-end and other retirement adjustments, net of tax of $(419) (707)
Issuance of common stock and stock options exercised 6.9 80
Share repurchase program (49.6) (2,438)
Excess tax benefit from share-based compensation 20
Share-based compensation expense 184
Net gain on derivative hedging instruments, net of tax of $(1) 4
Acquisition of noncontrolling interest from Japanese subsidiary 20 (35)
Dividends declared (272)
Balance as of December 31, 2012 277.3 $4,940 $ (3,300) $ 1,625 $ 25
Net earnings 1,099 6
Net unrealized loss on securities, net of tax of $1 (4)
Foreign currency translation adjustments, net of tax of $(7) (4)
Amortization of retirement benefit adjustments, net of tax of $40 70
Year-end and other retirement adjustments, net of tax of $571 953
Issuance of common stock and stock options exercised 6.8 100
Share repurchase program (28.6) (1,694)
Excess tax benefit from share-based compensation 25
Share-based compensation expense 153
Net loss on derivative hedging instruments, net of tax of $1 (2)
Purchase of noncontrolling interest in subsidiary (3) (1)
Dividends declared (299)
Balance as of December 31, 2013 255.5 $3,521 $ (2,287) $ 2,425 $ 30
Net earnings 1,299 1
Net unrealized gain on securities, net of tax of $26 46
Foreign currency translation adjustments, net of tax of $(9) (49)
Mid-year remeasurement of retirement benefits, net of tax of
$(294) (353)
Pension settlement adjustment, net of tax of $715 1,168
Amortization of retirement benefit adjustments, net of tax of $17 44
Year-end retirement adjustments, net of tax of $(153) (365)
Issuance of common stock and stock options exercised 4.4 86
Share repurchase program (39.4) (2,546)
Excess tax benefit from share-based compensation 5
Share-based compensation expense 114
Net gain on derivative hedging instruments, net of tax of $- 1
Dividends declared (314)
Disposition of the Enterprise business, net of tax of ($16) (60)
Balance as of December 31, 2014 220.5 $1,180 $ (1,855) $ 3,410 $ 31
See accompanying notes to consolidated financial statements.