Proctor and Gamble 2009 Annual Report Download - page 54

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52 The Procter & Gamble Company
(1) Cumulative impact of adopting new accounting guidance relates to: 2007
—
defined benefit and post retirement plans; 2008
—
uncertainty in income taxes; 2009
—
split-dollar life insurance arrangements.
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements of Shareholders’ Equity
Dollars in millions/Shares in thousands
Common
Shares
Outstanding
Common
Stock
Preferred
Stock
Additional
Paid-In
Capital
Reserve for
ESOP Debt
Retirement
Accumulated
Other
Comprehensive
Income
Treasury
Stock
Retained
Earnings Total
BALANCE JUNE 30, 2006 3,178,841 $3,976 $1,451 $57,856 $(1,288) $ (518) $(34,235) $35,666 $ 62,908
Net earnings 10,340 10,340
Other comprehensive income:
Financial statement translation 2,419 2,419
Hedges and investment
securities, net of $459 tax (951)(951)
Total comprehensive income $ 11,808
Cumulative impact for adoption
of new accounting guidance(1) (333)(333)
Dividends to shareholders:
Common (4,048)(4,048)
Preferred, net of tax benefits (161)(161)
Treasury purchases (89,829) (5,578)(5,578)
Employee plan issuances 37,824 14 1,167 1,003 2,184
Preferred stock conversions 5,110 (45) 7 38
—
ESOP debt impacts (20)(20)
BALANCE JUNE 30, 2007 3,131,946 3,990 1,406 59,030 (1,308)617 (38,772) 41,797 66,760
Net earnings 12,075 12,075
Other comprehensive income:
Financial statement translation 6,543 6,543
Hedges and investment
securities, net of $1,664 tax (2,906)(2,906)
Defined benefit retirement
plans, net of $120 tax (508)(508)
Total comprehensive income $ 15,204
Cumulative impact for adoption
of new accounting guidance(1) (232)(232)
Dividends to shareholders:
Common (4,479)(4,479)
Preferred, net of tax benefits (176)(176)
Treasury purchases (148,121) (10,047) (10,047)
Employee plan issuances 43,910 12 1,272 1,196 2,480
Preferred stock conversions 4,982 (40) 5 35
—
ESOP debt impacts (17) 1 (16)
BALANCE JUNE 30, 2008 3,032,717 4,002 1,366 60,307 (1,325)3,746 (47,588) 48,986 69,494
Net earnings 13,436 13,436
Other comprehensive income:
Financial statement translation (6,151) (6,151)
Hedges and investment
securities, net of $452 tax 748 748
Defined benefit retirement
plans, net of $879 tax (1,701) (1,701)
Total comprehensive income $6,332
Cumulative impact for adoption
of new accounting guidance(1) (84) (84)
Dividends to shareholders:
Common (4,852) (4,852)
Preferred, net of tax benefits (192)(192)
Treasury purchases (98,862) (6,370) (6,370)
Employee plan issuances 16,841 5 804 428 1,237
Preferred stock conversions 4,992 (42) 7 35
—
Shares tendered for Folgers
coffee subsidiary (38,653) (2,466) (2,466)
ESOP debt impacts (15) 15
—
BALANCE JUNE 30, 2009 2,917,035 $4,007 $1,324 $61,118 $(1,340)$(3,358) $(55,961) $57,309 $ 63,099