Nordstrom 2008 Annual Report Download - page 36

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36
Nordstrom, Inc.
Consolidated Statements of Shareholders’ Equity
In millions except per share amounts
Accumulated
Other
Common Stock Retained Comprehensive
Shares Amount Earnings Earnings (Loss) Total
Balance at January 28, 2006 269.5 $686 $1,404 $3 $2,093
Net earnings — — 678 — 678
Other comprehensive earnings (loss):
Foreign currency translation adjustment — — — 1 1
Unrecognized gain on postretirement benefit obligations
net of tax of $(2), prior to adoption of SFAS 158 — — — 3 3
Fair value adjustment to investment in
asset backed securities, net of tax of $2 — — — (3) (3)
Comprehensive net earnings 679
Adjustment to initially apply SFAS 158, net of tax of $8 — — — (13) (13)
Cash dividends paid ($0.42 per share) — — (110) — (110)
Issuance of common stock for:
Stock option plans 3.8 94 — — 94
Employee stock purchase plan 0.5 17 — — 17
Other — 1 — — 1
Stock-based compensation — 29 — — 29
Repurchase of common stock (16.5) — (621) — (621)
Balance at February 3, 2007 257.3 827 1,351 (9) 2,169
Cumulative effect adjustment to adopt FIN 48 — — (3) — (3)
Adjusted Beginning Balance at February 3, 2007 257.3 827 1,348 (9) 2,166
Net earnings — — 715 — 715
Other comprehensive (loss) earnings:
Foreign currency translation adjustment — — — (15) (15)
Postretirement plan adjustments,
net of tax of ($5) — — — 7 7
Fair value adjustment to investment in asset backed
securities, net of tax of $3 — — — (5) (5)
Comprehensive net earnings 702
Cash dividends paid ($0.54 per share) — — (134) — (134)
Issuance of common stock for:
Stock option plans 2.2 61 — — 61
Employee stock purchase plan 0.4 17 — — 17
Other 0.1 5 — — 5
Stock-based compensation — 26 — — 26
Repurchase of common stock (39.1) — (1,728) — (1,728)
Balance at February 2, 2008 220.9 $936 $201 $(22) $1,115
Net earnings — — 401 — 401
Other comprehensive earnings:
Postretirement plan adjustments,
net of tax of ($8) — — — 12 12
Comprehensive net earnings 413
Cash dividends paid ($0.64 per share) — — (138) — (138)
Effect of postretirement plan measurement
date change pursuant to SFAS 158 — — (3) — (3)
Issuance of common stock for:
Stock option plans 0.8 17 — — 17
Employee stock purchase plan 0.6 17 — — 17
Other — 1 — — 1
Stock-based compensation — 26 — — 26
Repurchase of common stock (6.9) — (238) — (238)
Balance at January 31, 2009 215.4 $997 $223 $(10) $1,210
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.