Medtronic 2010 Annual Report Download - page 54

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50 Medtronic, Inc.
Consolidated Statements of Shareholders’ Equity
(in millions)
Common
Shares
Common
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Total
Shareholders’
Equity
Balance April 27, 2007 1,143 $ 114 $ 11,448 $ (62) $ 11,500
Net earnings — — 2,138 — 2,138
Other comprehensive (loss)/income
Unrealized loss on investments — — — (47) (47)
Translation adjustment — — — 14 14
Net change in retirement obligations — — — 37 37
Unrealized loss on foreign currency exchange rate derivatives — — — (211) (211)
Total comprehensive income 1,931
Dividends to shareholders — — (565) — (565)
Issuance of common stock under stock purchase and award plans 13 1 402 — 403
Adjustment to deferred tax benefit recorded on adoption of
new authoritative guidance for accounting for defined benefit
pension and other post-retirement plans — — — (17) (17)
Repurchase of common stock (31) (3) (1,541) — (1,544)
Excess tax benefit from exercise of stock-based awards — — 40 — 40
Stock-based compensation — — 217 — 217
Cumulative effect adjustment to retained earnings to initially
apply guidance concerning uncertainty in income taxes (Note 14) — — 1 — 1
Balance April 25, 2008 1,125 $ 112 $ 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)
Excess tax benefit from exercise of stock-based awards — — 24 — 24
Stock-based compensation — — 237 — 237
Balance April 24, 2009 1,119 $ 112 $ 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 income — — 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)
Excess tax benefit from exercise of stock-based awards — — (3) — (3)
Stock-based compensation — — 225 — 225
Balance April 30, 2010 1,097 $110 $ 14,826 $(307) $14,629
The accompanying notes are an integral part of these consolidated financial statements.