Nike 2011 Annual Report Download - page 39

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39NIKE,INC.-Form10-K
PARTII
ITEM8Financial Statements and Supplemental Data
(Inmillions, except per share data)
Common Stock
Capitalin Excess
of Stated Value
Accumulated
Other
Comprehensive
Income
Retained
Earnings Total
ClassA ClassB
Shares Amount Shares Amount
BALANCE AT MAY31,2010 90 $ — 394 $ 3 $ 3,441 $ 215 $ 6,095 $ 9,754
Stock options exercised 7 368 368
Repurchase of ClassB
CommonStock (24) (14) (1,857) (1,871)
Dividends on Common stock
($1.20 per share) (569) (569)
Issuance of shares to employees 1 49 49
Stock-based compensation
(Note11): 105 105
Forfeiture of shares from employees — (5) (1) (6)
Comprehensive income:
Net income 2,133 2,133
Other comprehensive income
(Notes14 and 17):
Foreign currency translation
and other (net of tax expense
of $121) 263 263
Net loss on cash fl ow hedges
(net of tax benefi t of $66) (242) (242)
Net loss on net investment
hedges (net of tax benefi t
of$28) (57) (57)
Reclassifi cation to net income
of previously deferred net gains
related to hedge derivatives
(netof tax expense of $24) (84) (84)
Total comprehensive income (120) 2,133 2,013
BALANCE AT MAY31,2011 90 $ — 378 $ 3 $ 3,944 $ 95 $ 5,801 $ 9,843
The accompanying notes to consolidated financial statements are an integral part of this statement.