Waste Management 2010 Annual Report Download - page 137

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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, 2007 . . . . $6,102 630,282 $ 6 $4,542 $5,080 $ 229 (130,164) $(4,065) $310
Comprehensive Income:
Consolidated 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
Comprehensive Income:
Consolidated net income . . . . . . 1,060 $1,060 — — — 994 — — — 66
Other comprehensive income
(loss), net of taxes:
Unrealized losses resulting from
changes in fair value of
derivative instruments, net of
taxes of $13 . . . . . . . . . . (21) (21) — — — — (21) — — —
Realized losses on derivative
instruments reclassified into
earnings, net of taxes of
$21 ............... 32 32 — — — — 32 — — —
Unrealized gains on marketable
securities, net of taxes of
$2................ 10 10 — — — — 4 — — 6
Foreign currency translation
adjustments . . . . . . . . . . . 99 99 — — — — 99 — — —
Change in funded status of
defined benefit plan
liabilities, net of taxes of
$4................ 6 6 — — — — 6 — — —
Other comprehensive income
(loss) . . . . . . . . . . . . . . . . 126 126
Comprehensive income . . . . . . . 1,186 $1,186
Cash dividends declared . . . . . . (569) — — — (569) — — — —
Equity-based compensation
transactions, including dividend
equivalents, net of taxes . . . . . 64 — — (15) (3) — 2,610 82 —
Common stock repurchases . . . . (226) — — — — — (7,237) (226) —
Distributions paid to
noncontrolling interests . . . . . (50) — — — — — — — (50)
Other . . . . . . . . . . . . . . . . . 1 — — — — — 12 — 1
Balance, December 31, 2009 . . . . $6,591 630,282 $ 6 $4,543 $6,053 $ 208 (144,162) $(4,525) $306
70