Sunoco 2008 Annual Report Download - page 72

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Sunoco, Inc. and Subsidiaries
Consolidated Statements of Comprehensive Income and Shareholders’ Equity
(Dollars in Millions, Shares in Thousands)
Comprehensive
Income
Shareholders’ Equity
Common Stock Capital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Common Stock
Held in Treasury
Shares Par Value Shares Cost
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) — —
Net increase in 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 unrealized gain on available-for-sale securities
(net of related tax benefit 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 — — 47 3
Total ................................................ $ 874
At December 31, 2007 .................................... 281,080 $281 $1,662 $5,372 $(193) 163,473 $4,589
Net income .............................................. $ 776 — — — 776 — — —
Other comprehensive income:
Reclassifications of settlement losses and prior service cost and
actuarial loss amortization to earnings (net of related tax
expense of $9) ....................................... 13 — — — — 13 — —
Retirement benefit plan funded status adjustment (net of related
tax expense of $204) (Note 9) ........................... (299) — — — (299) — —
Net hedging losses (net of related tax benefit of $8) ........... (12) — — — — (12) — —
Reclassifications of net hedging losses to earnings (net of
related tax expense of $14) ............................. 21 — — — — 21 — —
Net decrease in unrealized gain on available-for-sale securities
(net of related tax benefit of $5) ......................... (7) — — — — (7) — —
Cash dividend payments ................................... — — — — (138) — — —
Purchases for treasury ..................................... — — — — — — 782 49
Issued under management incentive plans .................... — 59 — — — — — —
Net increase in equity related to unissued shares under
management incentive plans .............................. — — — 5 — — — —
Other ................................................... — 2 — — — — 8 1
Total ................................................ $ 492
At December 31, 2008 .................................... 281,141 $281 $1,667 $6,010 $(477) 164,263 $4,639
(See Accompanying Notes)
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