Raytheon 2009 Annual Report Download - page 85

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RAYTHEON COMPANY
CONSOLIDATED STATEMENTS OF EQUITY
Years Ended December 31, 2009,
2008 and 2007 (In millions, except
per share amounts)
Common
Stock
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
(Loss) Income
Treasury
Stock
Retained
Earnings
Total
Raytheon
Company
Stockholders’
Equity
Noncontrolling
Interests in
Subsidiaries
Total
Equity
Balance at December 31, 2006 $ 5 $10,097 $(2,514) $ (816) $4,329 $11,101 $ 70 $11,171
Net income 2,578 2,578 26 2,604
Other comprehensive income (loss)
Amortization of unfunded
projected benefit obligation 258 258 258
Impact to revalue unfunded
projected benefit obligation 157 157 157
Elimination of Raytheon Aircraft
unfunded projected benefit
obligation and cash flow hedges
in connection with sale 77 77 77
Foreign exchange translation 51 51 51
Cash flow hedges 15 15 15
Comprehensive income (loss) 3,136 26 3,162
Dividends declared (442) (442) (442)
Impact to adopt new accounting
standard (Note 15) (13) (13) (13)
Distributions and other activity
related to noncontrolling interests (9) (9)
Common stock plan activity 447 447 447
Treasury stock activity (1) (1,686) (1,687) (1,687)
Balance at December 31, 2007 4 10,544 (1,956) (2,502) 6,452 12,542 87 12,629
Net income 1,672 1,672 24 1,696
Other comprehensive income (loss)
Amortization of unfunded
projected benefit obligation 182 182 182
Impact to revalue unfunded
projected benefit obligation (3,208) (3,208) (3,208)
Foreign exchange translation (160) (160) (160)
Cash flow hedges (40) (40) (40)
Comprehensive income (loss) (1,554) 24 (1,530)
Dividends declared (462) (462) (462)
Impact to adopt new accounting
standard (Note 12) (16) (16) (16)
Distributions and other activity
related to noncontrolling interests (10) (10)
Common stock plan activity 329 329 329
Treasury stock activity (1,752) (1,752) (1,752)
Balance at December 31, 2008 4 10,873 (5,182) (4,254) 7,646 9,087 101 9,188
Net income 1,935 1,935 41 1,976
Other comprehensive income (loss)
Amortization of unfunded
projected benefit obligation 255 255 255
Impact to revalue unfunded
projected benefit obligation (24) (24) (24)
Foreign exchange translation 88 88 88
Cash flow hedges 40 40 40
Unrealized gain on investments (1) (1) (1)
Comprehensive income (loss) 2,293 41 2,334
Dividends declared (479) (479) (479)
Distributions and other activity
related to noncontrolling interests (30) (30)
Common stock plan activity 118 118 118
Treasury stock activity (1,192) (1,192) (1,192)
Balance at December 31, 2009 $ 4 $10,991 $(4,824) $(5,446) $9,102 $ 9,827 $112 $ 9,939
The accompanying notes are an integral part of the consolidated financial statements.
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