Waste Management 2009 Annual Report Download - page 133

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WASTE MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(In Millions, Except Shares in Thousands)
Total
Comprehensive
Income Shares Amounts
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
(Loss) Shares Amounts
Noncontrolling
Interests
Common Stock Treasury Stock
Waste Management, Inc. Stockholders’ Equity
Balance, December 31, 2006 . . . $ 6,497 630,282 $ 6 $4,513 $4,410 $ 129 (96,599) $(2,836) $275
Comprehensive Income:
Net income . . . . . . . . . . . . . 1,209 $1,209 — — — 1,163 — — — 46
Other comprehensive income
(loss), net of taxes:
Unrealized losses resulting
from changes in fair value of
derivative instruments, net of
taxes of $22 . . . . . . . . . . (34) (34) — — — — (34) — — —
Realized losses on derivative
instruments reclassified into
earnings, net of taxes of
$30............... 47 47 — — — — 47 — — —
Unrealized gains (losses) on
marketable securities, net of
taxes of $3 . . . . . . . . . . . 2 2 — — — — (5) — — 7
Foreign currency translation
adjustments . . . . . . . . . . 89 89 — — — — 89 — — —
Change in funded status of
defined benefit plan
liabilities, net of taxes of
$3................ 3 3 — — — — 3 — — —
Other comprehensive income
(loss) . . . . . . . . . . . . . . . 107 107
Comprehensive income . . . . . . 1,316 $1,316
Cash dividends declared . . . . . . (495) — — — (495) — — — —
Equity-based compensation
transactions, including dividend
equivalents, net of taxes. . . . . 210 — — 30 (2) — 6,067 182 —
Common stock repurchases . . . . (1,421) — — — — — (39,946) (1,421) —
Distributions paid to
noncontrolling interests . . . . . (20) — — — — — — — (20)
Cumulative effect of change in
accounting principle . . . . . . . 4 — — — 4 — — — —
Other . . . . . . . . . . . . . . . . . 11 — — (1) — — 314 10 2
Balance, December 31, 2007 . . . $ 6,102 630,282 $ 6 $4,542 $5,080 $ 229 (130,164) $(4,065) $310
Comprehensive Income:
Net income . . . . . . . . . . . . . 1,128 $1,128 — — — 1,087 — — — 41
Other comprehensive income
(loss), net of taxes:
Unrealized gains resulting from
changes in fair value of
derivative instruments, net of
taxes of $25 . . . . . . . . . . 40 40 — — — — 40 — — —
Realized gains on derivative
instruments reclassified into
earnings, net of taxes of
$24 . . . . . . . . . . . . . . . (39) (39) — — — — (39) — — —
Unrealized losses on
marketable securities, net of
taxes of $4 . . . . . . . . . . . (18) (18) — — — — (7) — — (11)
Foreign currency translation
adjustments . . . . . . . . . . (127) (127) — — — — (127) — — —
Change in funded status of
defined benefit plan
liabilities, net of taxes of
$5................ (8) (8) — — — — (8) — — —
Other comprehensive income
(loss) . . . . . . . . . . . . . . . (152) (152)
Comprehensive income . . . . . . 976 $ 976
Cash dividends declared . . . . . . (531) — — — (531) — — — —
Equity-based compensation
transactions, including dividend
equivalents, net of taxes. . . . . 106 — — 16 (4) — 2,995 94 —
Common stock repurchases . . . . (410) — — — — — (12,390) (410) —
Distributions paid to
noncontrolling interests . . . . . (56) — — — — — — — (56)
Cumulative effect of change in
accounting principle . . . . . . . (1) — — — (1) — — — —
Other . . . . . . . . . . . . . . . . . (1) — — — — — 12 — (1)
Balance, December 31, 2008 . . . $ 6,185 630,282 $ 6 $4,558 $5,631 $ 88 (139,547) $(4,381) $283
65