Consolidated Statements of Changes in Stockholders’ Equity

(XLS:)

 

 

 

Accumulated other comprehensive loss

 

 

 

 

Years ended December 31, 2011, 2010 and 2009
($ in millions)

Capital
stock
and
additional
paid-in
capital

Retained
earnings

Foreign
currency
trans-
lation
adjust-
ment

Unrealized
gain (loss)
on
available-
for-sale
securities

Pension
and other
post-
retirement
plan
adjust-
ments

Unrealized
gain (loss)
on cash
flow hedge
derivatives

Total
accu-
mulated
other
compre-
hensive
loss

Treasury
stock

Total
ABB
stock-
holders’
equity

Non-
controlling
interests

Total
stock-
holders’
equity

Balance at January 1, 2009

4,841

9,927

(1,654)

83

(978)

(161)

(2,710)

(900)

11,158

612

11,770

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

2,901

 

 

 

 

 

 

2,901

235

3,136

Foreign currency translation adjustments

 

 

598

 

 

 

598

 

598

12

610

Effect of change in fair value of available-for-sale securities (net of tax of $26)

 

 

 

(63)

 

 

(63)

 

(63)

 

(63)

Unrecognized income (expense) related to pensions and other postretirement plans (net of tax of $3)

 

 

 

 

(90)

 

(90)

 

(90)

(2)

(92)

Change in derivatives qualifying as cash flow hedges (net of tax of $(54))

 

 

 

 

 

181

181

 

181

 

181

Total comprehensive income

 

 

 

 

 

 

 

 

3,527

245

3,772

Changes in noncontrolling interests

(49)

 

 

 

 

 

 

 

(49)

20

(29)

Dividends paid to noncontrolling shareholders

 

 

 

 

 

 

 

 

(194)

(194)

Dividends paid in the form of nominal value reduction

(1,024)

 

 

 

 

 

 

 

(1,024)

 

(1,024)

Treasury stock transactions

(3)

 

 

 

 

 

 

3

 

Share-based payment arrangements

66

 

 

 

 

 

 

 

66

 

66

Issuance of shares

90

 

 

 

 

 

 

 

90

 

90

Call options

22

 

 

 

 

 

 

 

22

 

22

Balance at December 31, 2009

3,943

12,828

(1,056)

20

(1,068)

20

(2,084)

(897)

13,790

683

14,473

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

2,561

 

 

 

 

 

 

2,561

171

2,732

Foreign currency translation adjustments

 

 

349

 

 

 

349

 

349

21

370

Effect of change in fair value of available-for-sale securities (net of tax of $(2))

 

 

 

(2)

 

 

(2)

 

(2)

 

(2)

Unrecognized income (expense) related to pensions and other postretirement plans (net of tax of $(25))

 

 

 

 

148

 

148

 

148

(3)

145

Change in derivatives qualifying as cash flow hedges (net of tax of $(19))

 

 

 

 

 

72

72

 

72

 

72

Total comprehensive income

 

 

 

 

 

 

 

 

3,128

189

3,317

Changes in noncontrolling interests

(836)

 

 

 

 

 

 

 

(836)

(110)

(946)

Dividends paid to noncontrolling shareholders

 

 

 

 

 

 

 

 

(189)

(189)

Dividends paid in the form of nominal value reduction

(1,112)

 

 

 

 

 

 

 

(1,112)

 

(1,112)

Cancellation of shares repurchased under buyback program

(619)

 

 

 

 

 

 

619

 

Treasury stock transactions

 

 

 

 

 

 

 

(228)

(228)

 

(228)

Share-based payment arrangements

66

 

 

 

 

 

 

 

66

 

66

Issuance of shares

13

 

 

 

 

 

 

65

78

 

78

Call options

(1)

 

 

 

 

 

 

 

(1)

 

(1)

Balance at December 31, 2010

1,454

15,389

(707)

18

(920)

92

(1,517)

(441)

14,885

573

15,458

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

3,168

 

 

 

 

 

 

3,168

147

3,315

Foreign currency translation adjustments

 

 

(261)

 

 

 

(261)

 

(261)

(14)

(275)

Effect of change in fair value of available-for-sale securities (net of tax of $1)

 

 

 

2

 

 

2

 

2

 

2

Unrecognized income (expense) related to pensions and other postretirement plans (net of tax of $154)

 

 

 

 

(552)

 

(552)

 

(552)

3

(549)

Change in derivatives qualifying as cash flow hedges (net of tax of $29)

 

 

 

 

 

(80)

(80)

 

(80)

 

(80)

Total comprehensive income

 

 

 

 

 

 

 

 

2,277

136

2,413

Changes in noncontrolling interests

(3)

 

 

 

 

 

 

 

(3)

7

4

Dividends paid to noncontrolling shareholders

 

 

 

 

 

 

 

 

(157)

(157)

Dividends paid

 

(1,569)

 

 

 

 

 

 

(1,569)

 

(1,569)

Treasury stock transactions

(12)

 

 

 

 

 

 

17

5

 

5

Share-based payment arrangements

67

 

 

 

 

 

 

 

67

 

67

Issuance of shares

105

 

 

 

 

 

 

 

105

 

105

Call options

(9)

 

 

 

 

 

 

 

(9)

 

(9)

Replacement options issued in connection with acquisition

19

 

 

 

 

 

 

 

19

 

19

Balance at December 31, 2011

1,621

16,988

(968)

20

(1,472)

12

(2,408)

(424)

15,777

559

16,336

See accompanying Notes to the Consolidated Financial Statements

Financial review

© Copyright 2012 ABB.