US Bank 2011 Annual Report Download - page 74

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U.S. Bancorp
Consolidated Statement of Shareholders’ Equity
U.S. Bancorp Shareholders
(Dollars and Shares in Millions)
Common
Shares
Outstanding
Preferred
Stock
Common
Stock
Capital
Surplus
Retained
Earnings
Treasury
Stock
Other
Comprehensive
Income (Loss)
Total
U.S. Bancorp
Shareholders'
Equity
Noncontrolling
Interests
Total
Equity
Balance December 31, 2008 ................. 1,755 $ 7,931 $20 $5,830 $22,541 $(6,659) $(3,363) $26,300 $733 $27,033
Change in accounting principle ................... 141 (141) – –
Net income ....................................... 2,205 2,205 32 2,237
Changes in unrealized gains and losses on
securities available-for-sale .................... 2,359 2,359 2,359
Other-than-temporary impairment not recognized
in earnings on securities available-for-sale..... (402) (402) (402)
Unrealized gain (loss) on derivative hedges ....... 516 516 516
Foreign currency translation ...................... 40 40 40
Reclassification for realized (gains) losses ........ 492 492 492
Unrealized gains (losses) on retirement plans ..... 254 254 254
Income taxes ..................................... (1,239) (1,239) (1,239)
Total comprehensive income (loss) ......... 4,225 32 4,257
Redemption of preferred stock ................... (6,599) (6,599) (6,599)
Repurchase of common stock warrant ........... (139) (139) (139)
Preferred stock dividends and discount
accretion ....................................... 168 (396) (228) (228)
Common stock dividends ......................... (375) (375) (375)
Issuance of common and treasury stock .......... 158 1 2,553 154 2,708 2,708
Purchase of treasury stock ....................... (4) (4) (4)
Distributions to noncontrolling interests .......... – (62) (62)
Net other changes in noncontrolling interests ..... – (5) (5)
Stock option and restricted stock grants ......... 75 75 75
Balance December 31, 2009 ................. 1,913 $ 1,500 $21 $8,319 $24,116 $(6,509) $(1,484) $25,963 $698 $26,661
Change in accounting principle ................... (72) (1) (73) (16) (89)
Net income (loss) ................................. 3,317 3,317 (52) 3,265
Changes in unrealized gains and losses on
securities available-for-sale .................... 433 433 433
Other-than-temporary impairment not recognized
in earnings on securities available-for-sale..... (66) (66) (66)
Unrealized gain (loss) on derivative hedges ....... (145) (145) (145)
Foreign currency translation ...................... 24 24 24
Reclassification for realized (gains) losses ........ (28) (28) (28)
Unrealized gains (losses) on retirement plans ..... (197) (197) (197)
Income taxes ..................................... (5) (5) (5)
Total comprehensive income (loss) ......... 3,333 (52) 3,281
Preferred stock dividends ......................... (89) (89) (89)
Common stock dividends ......................... (385) (385) (385)
Issuance of preferred stock ....................... 430 10 118 558 558
Issuance of common and treasury stock .......... 9 (134) 263 129 129
Purchase of treasury stock ....................... (1) (16) (16) (16)
Distributions to noncontrolling interests .......... – (76) (76)
Net other changes in noncontrolling interests ..... – 249 249
Stock option and restricted stock grants ......... 99 99 99
Balance December 31, 2010 ................. 1,921 $ 1,930 $21 $8,294 $27,005 $(6,262) $(1,469) $29,519 $803 $30,322
Change in accounting principle ................... (2) (2) (2)
Net income (loss) ................................. 4,872 4,872 (84) 4,788
Changes in unrealized gains and losses on
securities available-for-sale .................... 920 920 920
Other-than-temporary impairment not recognized
in earnings on securities available-for-sale..... (25) (25) (25)
Unrealized gain (loss) on derivative hedges ....... (343) (343) (343)
Foreign currency translation ...................... (16) (16) (16)
Reclassification for realized (gains) losses ........ 363 363 363
Unrealized gains (losses) on retirement plans ..... (464) (464) (464)
Income taxes ..................................... (166) (166) (166)
Total comprehensive income (loss) ......... 5,141 (84) 5,057
Preferred stock dividends ......................... (129) (129) (129)
Common stock dividends ......................... (961) (961) (961)
Issuance of preferred stock ....................... 676 676 676
Issuance of common and treasury stock .......... 11 (147) 340 193 193
Purchase of treasury stock ....................... (22) (550) (550) (550)
Distributions to noncontrolling interests .......... – (80) (80)
Purchase of noncontrolling interests .............. (3) (3) (8) (11)
Net other changes in noncontrolling interests ..... – 362 362
Stock option and restricted stock grants ......... 94 94 94
Balance December 31, 2011 ................. 1,910 $ 2,606 $21 $8,238 $30,785 $(6,472) $(1,200) $33,978 $993 $34,971
See Notes to Consolidated Financial Statements.
72 U.S. BANCORP