Medtronic 2011 Annual Report Download - page 53

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49
Medtronic, Inc.
Consolidated Statements of Shareholders’ Equity
(in millions)
Common
Shares
Common
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Total
Shareholders’
Equity
Balance as of April 25, 2008 1,125 $ 1 1 2 $ 12,140 $ (286) $ 11,966
Net earnings — — 2,070 — 2,070
Other comprehensive (loss)/income
Unrealized loss on investments — — — (54) (54)
Translation adjustment — — — (147) (147)
Net change in retirement obligations — — — (210) (210)
Unrealized gain on foreign currency exchange rate derivatives — — — 494 494
Total comprehensive income 2,153
Dividends to shareholders — — (843) — (843)
Issuance of common stock under stock purchase and award plans 11 2 414 — 416
Adjustment for change in plan measurement date pursuant to the
new authoritative guidance for accounting for defined benefit
pension and other post-retirement plans — — (13) 1 (12)
Repurchase of common stock (17) (2) (757) — (759)
Tax benefit/(deficit) from exercise of stock-based awards — — 24 — 24
Stock-based compensation — — 237 — 237
Balance as of April 24, 2009 1,119 $ 1 1 2 $ 13,272 $ (202) $ 13,182
Net earnings — — 3,099 — 3,099
Other comprehensive (loss)/income
Unrealized gain on investments — — — 68 68
Translation adjustment — — — 181 181
Net change in retirement obligations — — — (214) (214)
Unrealized loss on foreign currency exchange rate derivatives — — — (137) (137)
Reclassification of other-than-temporary losses on marketable
securities included in net earnings — — 3 (3) —
Total comprehensive income 2,997
Dividends to shareholders — — (907) — (907)
Issuance of common stock under stock purchase and award plans 5 1 164 — 165
Repurchase of common stock (27) (3) (1,027) — (1,030)
Tax benefit/(deficit) from exercise of stock-based awards — — (3) — (3)
Stock-based compensation — — 225 — 225
Balance as of April 30, 2010 1,097 $ 1 1 0 $ 14,826 $ (307) $ 14,629
Net earnings — — 3,096 — 3,096
Other comprehensive (loss)/income
Unrealized gain on investments — — — 226 226
Translation adjustment — — — 200 200
Net change in retirement obligations — — — 5 5
Unrealized loss on foreign currency exchange rate derivatives — — — (348) (348)
Total comprehensive income 3,179
Dividends to shareholders — — (969) — (969)
Issuance of common stock under stock purchase and award plans 3 — 85 — 85
Repurchase of common stock (30) (3) (1,137) — (1,140)
Tax benefit/(deficit) from exercise of stock-based awards — — (14) — (14)
Stock-based compensation — — 198 — 198
Balance as of April 29, 2011 1,070 $107 $16,085 $(224) $15,968
The accompanying notes are an integral part of these consolidated financial statements.
200
181