|
Company Shareholders’ Equity |
Noncontrolling interest in Consolidated Subsidiaries |
Total |
| Common Shares |
Paid-in Capital in Excess of Par Value |
Treasury Stock |
Retained Earnings |
Accumulated Other Comprehensive Income (Loss) |
Subtotal |
| Millions of dollars |
|
|
|
|
|
|
|
|
| Balance at December 31, 2006 |
$ 2,650 |
$ 1,689 |
$ (1,577) |
$ 5,051 |
$ (437) |
$ 7,376 |
$ 69 |
$ 7,445 |
| Adoption of new accounting standard |
– |
– |
– |
(43) |
43 |
– |
– |
– |
| Adjusted balance at December 31, 2006 |
$ 2,650 |
$ 1,689 |
$ (1,577) |
$ 5,008 |
$ (437) |
$ 7,333 |
$ 69 |
$ 7,402 |
| Cash dividends paid |
– |
– |
– |
(1,044) |
– |
(1,044) |
– |
(1,044) |
| Stock plans |
7 |
23 |
130 |
– |
– |
160 |
– |
160 |
| Common shares purchased |
– |
– |
(1,374) |
– |
– |
(1,374) |
– |
(1,374) |
| Tax benefit from exercise of options and restricted stock |
– |
29 |
– |
– |
– |
29 |
– |
29 |
| Distributions to noncontrolling interest holders |
– |
– |
– |
– |
– |
– |
(5) |
(5) |
| Other transactions with shareholders |
– |
– |
– |
(4) |
– |
(4) |
(21) |
(25) |
| Total dividends and other transactions with shareholders |
7 |
52 |
(1,244) |
(318) |
– |
(1,503) |
(26) |
(1,529) |
| Shares exchanged in KBR, Inc. exchange offer |
– |
– |
(2,809) |
– |
– |
(2,809) |
– |
(2,809) |
| Adoption of new accounting standard |
– |
– |
– |
(30) |
– |
(30) |
– |
(30) |
| Comprehensive income (loss): |
– |
– |
– |
– |
– |
– |
– |
– |
| Net income |
– |
– |
– |
3,486 |
– |
3,486 |
50 |
3,536 |
| Other comprehensive income (loss): |
– |
– |
– |
– |
– |
– |
– |
– |
| Cumulative translation adjustment |
– |
– |
– |
– |
1 |
1 |
– |
1 |
| Realization of translation gains included in net income |
– |
– |
– |
– |
(24) |
(24) |
– |
(24) |
| Defined benefit and other postretirement plans adjustments: |
– |
– |
– |
– |
– |
– |
– |
– |
| Prior service cost: |
– |
– |
– |
– |
– |
– |
– |
– |
| Plan amendment |
– |
– |
– |
– |
(2) |
(2) |
– |
(2) |
| Settlements/curtailments |
– |
– |
– |
– |
3 |
3 |
– |
3 |
| Actuarial gain (loss): |
– |
– |
– |
– |
– |
– |
– |
– |
| Net gain |
– |
– |
– |
– |
105 |
105 |
– |
105 |
| Amortization of net loss |
– |
– |
– |
– |
14 |
14 |
– |
14 |
| Settlements/curtailments |
– |
– |
– |
– |
7 |
7 |
– |
7 |
| Tax effect on defined benefit and postretirement plans |
– |
– |
– |
– |
(45) |
(45) |
– |
(45) |
| KBR, Inc. separation |
– |
– |
– |
– |
271 |
271 |
– |
271 |
| Defined benefit and other postretirement plans |
– |
– |
– |
– |
355 |
355 |
– |
355 |
| Net unrealized gains on investments, net of tax provision of $0 |
– |
– |
– |
– |
1 |
1 |
– |
1 |
| Total other comprehensive income |
– |
– |
– |
– |
333 |
333 |
– |
333 |
| Total comprehensive income |
– |
– |
– |
3,486 |
333 |
3,819 |
50 |
3,869 |
| Balance at December 31, 2007 |
$ 2,657 |
$ 1,804 |
$ (5,630) |
$ 8,146 |
$ (104) |
$ 6,873 |
$ 93 |
$ 6,966 |