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80
RAYTHEON COMPANY
CONSOLIDATED STATEMENTS OF EQUITY
Years Ended December 31, 2015, 2014 and
2013 (in millions): Common
stock
Additional
paid-in
capital
Accumulated
other
comprehensive
income (loss) Retained
earnings
Total
Raytheon
Company
stockholders’
equity
Noncontrolling
interests in
subsidiaries(1) Total equity
Balance at December 31, 2012 $ 3 $ 2,928 $ (7,788) $12,883 $ 8,026 $ 164 $ 8,190
Net income 1,996 1,996 17 2,013
Other comprehensive income
(loss), net of tax 2,675 2,675 2,675
Dividends declared (706)(706) (706)
Distributions and other activity
related to noncontrolling
interests — (19)(19)
Common stock plans activity 167 167 167
Share repurchases (1,123) (1,123) (1,123)
Balance at December 31, 2013 3 1,972 (5,113) 14,173 11,035 162 11,197
Net income 2,244 2,244 14 2,258
Other comprehensive income
(loss), net of tax (2,345) (2,345) (2,345)
Dividends declared (746)(746) (746)
Distributions and other activity
related to noncontrolling
interests (22) (22) 20 (2)
Common stock plans activity 199 199 199
Share repurchases (840) (840) (840)
Balance at December 31, 2014 3 1,309 (7,458) 15,671 9,525 196 9,721
Net income 2,074 2,074 10 2,084
Other comprehensive income
(loss), net of tax 282 282 282
Adjustment of redeemable
noncontrolling interest to
redemption value (29)(29)(29)
Dividends declared (813)(813) (813)
Distributions and other activity
related to noncontrolling
interests (2) (2)(4)(6)
Common stock plans activity 190 190 190
Share repurchases (1,099) (1,099) (1,099)
Balance at December 31, 2015 $ 3 $ 398 $ (7,176) $16,903 $ 10,128 $ 202 $ 10,330
(1) Excludes redeemable noncontrolling interest which is not considered equity. See "Note 5: Forcepoint Joint Venture" for additional information.
The accompanying notes are an integral part of the consolidated financial statements.