Northrop Grumman 2010 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 of the 2010 Northrop Grumman annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
$ in millions, except per share amounts 2010 2009 2008
Year Ended December 31
Common Stock
At beginning of year $ 307 $ 327 $ 338
Common stock repurchased (20) (23) (21)
Conversion of preferred stock 6
Employee stock awards and options 434
At end of year 291 307 327
Paid-in Capital
At beginning of year 8,657 9,645 10,661
Common stock repurchased (1,143) (1,098) (1,534)
Conversion of preferred stock 344
Employee stock awards and options 264 110 174
At end of year 7,778 8,657 9,645
Retained Earnings
At beginning of year 6,737 5,590 7,387
Net earnings (loss) 2,053 1,686 (1,262)
Dividends declared (545) (539) (532)
Other (3)
At end of year 8,245 6,737 5,590
Accumulated Other Comprehensive Loss
At beginning of year (3,014) (3,642) (699)
Other comprehensive income (loss), net of tax 257 628 (2,943)
At end of year (2,757) (3,014) (3,642)
Total shareholders’ equity $13,557 $12,687 $11,920
Cash dividends declared per share $ 1.84 $ 1.69 $ 1.57
The accompanying notes are an integral part of these consolidated financial statements.
-66-
NORTHROP GRUMMAN CORPORATION