Raytheon 2010 Annual Report Download - page 81

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RAYTHEON COMPANY
CONSOLIDATED STATEMENTS OF EQUITY
Years Ended December 31, 2010,
2009 and 2008 (In millions, except
per share amounts)
Common
stock
Additional
paid-In
capital
Accumulated
other
comprehensive
(loss)
Treasury
stock
Retained
earnings
Total
Raytheon
Company
stockholders’
equity
Noncontrolling
interests in
subsidiaries
Total
equity
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 (loss) income (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 plans 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 2,293 41 2,334
Dividends declared (479) (479) (479)
Distributions and other activity
related to noncontrolling interests (30) (30)
Common stock plans 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
Net income 1,840 1,840 39 1,879
Other comprehensive income (loss)
Amortization of unfunded
projected benefit obligation 372 372 372
Impact to revalue unfunded
projected benefit obligation (647) (647) (647)
Foreign exchange translation (18) (18) (18)
Cash flow hedges (27) (27) (27)
Unrealized gain on investments (2) (2) (2)
Comprehensive income 1,518 39 1,557
Dividends declared (552) (552) (552)
Distributions and other activity
related to noncontrolling interests (15) (15)
Common stock plans activity 165 165 165
Warrants exercised 250 250 250
Treasury stock activity (1,454) (1,454) (1,454)
Balance at December 31, 2010 $4 $11,406 $(5,146) $(6,900) $10,390 $ 9,754 $136 $ 9,890
The accompanying notes are an integral part of the consolidated financial statements.
73