Sunoco 2007 Annual Report Download - page 46

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Consolidated Statements of Comprehensive Income and Shareholders’ Equity
(Dollars in Millions, Shares in Thousands) Sunoco, Inc. and Subsidiaries
Shareholders’ Equity
Common Stock Common Stock
Held in Treasury
Comprehensive
Income Shares
Par
Value
Capital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Loss Shares Cost
At December 31, 2004 278,249 $278 $ 1,517 $ 2,895 $(164) 139,593 $ 2,919
Net income $ 974 — — — 974 — — —
Other comprehensive income:
Minimum pension liability adjustment (net of related tax benefit of $41)
(25) — — — — (25) — —
Net hedging gains (net of related tax expense of $5) 7 — — — — 7 — —
Reclassifications of net hedging gains to earnings (net of related tax
benefit of $7) (10) — — — — (10) — —
Cash dividend payments — — — — (103) — — —
Purchases for treasury — — — — — — 6,740 435
Issued under management incentive plans — 1,670 2 31 — — — —
Net increase in equity related to unissued shares under management
incentive plans — — — 8 — — — —
Other — 70 — 31 — — 506 36
Total $ 946
At December 31, 2005 279,989 $280 $ 1,587 $ 3,766 $(192) 146,839 $ 3,390
Net income $ 979 — — — 979 — — —
Other comprehensive income:
Minimum pension liability adjustment (net of related tax expense of
$110) (Note 1) 160 — — — — 160 — —
Adjustment to accumulated other comprehensive loss for change in
accounting for retirement benefit liabilities (net of related tax benefit
of $131) (Note 1) — — — — — (192) — —
Net hedging gains (net of related tax expense of $33) 48 — — — — 48 — —
Reclassifications of net hedging gains to earnings (net of related tax
benefit of $6) (9) — — — — (9) — —
Unrealized gain on available-for-sale securities (net of related tax
expense of $6) 9 — — — — 9 — —
Cash dividend payments — — — — (123) — — —
Purchases for treasury — — — — — — 12,239 871
Issued under management incentive plans — 753 1 24 — — — —
Net increase in equity related to unissued shares under management
incentive plans — — — 17 — — — —
Other — 5 — 6 — — 368 25
Total $1,187
At December 31, 2006 280,747 $281 $ 1,634 $ 4,622 $(176) 159,446 $ 4,286
Cumulative effect adjustment for change in accounting for uncertainty of
income taxes (net of related tax benefit of $5) (Note 1) — — — (12) — — —
Net income $ 891 — — — 891 — — —
Other comprehensive income:
Reclassifications of prior service cost and actuarial loss amortization
to earnings (net of related tax expense of $15) 21 — — — — 21 — —
Retirement benefit plan funded status adjustment (net of related tax
expense of $11) (Note 9) 17 — — — — 17 — —
Net hedging losses (net of related tax benefit of $59) (86) — — — — (86) — —
Reclassifications of net hedging losses to earnings (net of related tax
expense of $23) 35 — — — — 35 — —
Net decrease in available-for-sale securities (net of related tax expense
of $3) (4) — — — — (4) — —
Cash dividend payments — — — — (129) — — —
Purchases for treasury — — — — — — 3,980 300
Issued under management incentive plans — 330 — 8 — — — —
Net increase in equity related to unissued shares under management
incentive plans ——— 16— ———
Other —3— 4— —473
Total $ 874
At December 31, 2007 281,080 $281 $1,662 $5,372 $(193) 163,473 $4,589
(See Accompanying Notes)
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