v2.4.0.6
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)
In Millions, except Share data, unless otherwise specified
Total
Convertible Preference Shares
Common Shares
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Shares
Noncontrolling Interest
Comprehensive Income (Loss)
Balance at Dec. 31, 2007 $ 8,697 $ 1,553 $ 1 $ 2,760 $ 2,962 $ 669   $ 752  
Balance (in shares) at Dec. 31, 2007   7,762,500 121,225,963            
Comprehensive income:                  
Net income (loss) 1,326       1,064     262 1,326
Other comprehensive income (loss):                  
Foreign exchange translation adjustment, net of tax expense of $0, $0 and $0 for the year 2010, 2009 and 2008 respectively (1,527)         (1,346)   (181) (1,527)
Unrealized gains/losses on commodity futures and foreign exchange contracts, net of tax expense/benefit of $11, $10 and $31 for the year 2010, 2009 and 2008 respectively (68)         (68)     (68)
Unrealized investment gains/losses, net of tax expense/benefit of $1 and $4 for the year 2009 and 2008, respectively (8)         (8)     (8)
Reclassification of realized net (gains) losses to net income, net of tax expense (benefit) $11, $(30) and $15 for the year 2010, 2009 and 2008 respectively (22)         (22)     (22)
Pension liability adjustment, net of tax expense of $5 for the year 2010, tax benefit of $6 and $5 for the year 2009 and tax of $21 and $(11) for the year 2008 (15)         (36)   21 (15)
Total comprehensive income (loss) (314)               (314)
Pension measurement date adjustment, net of tax benefit of $2 (4)       (4)        
Dividends on common shares (87)       (87)        
Dividends on preference shares (91)       (91)        
Dividends to noncontrolling interest on subsidiary common stock (154)             (154)  
Capital contribution from noncontrolling interest 26             26  
Capital contribution related to exchange of subsidiaries stock in connection with merger of subsidiaries (21)     13       (34)  
Gain on sale of interest in subsidiary 13     13          
Stock-based compensation expense 66     66          
Tax benefits (reversal of) related to stock options and award plans (5)     (5)          
Issuance of common shares:                  
-conversion of mandatory convertible preference shares (Note 23) (in shares)   (45) 369            
-stock options and award plans, net of shares withheld for taxes 2     2          
-stock options and award plans, net of shares withheld for taxes (in shares)     406,124            
Balance at Dec. 31, 2008 8,128 1,553 1 2,849 3,844 (811)   692  
Balance (in shares) at Dec. 31, 2008   7,762,455 121,632,456            
Comprehensive income:                  
Net income (loss) 335       361     (26) 335
Other comprehensive income (loss):                  
Foreign exchange translation adjustment, net of tax expense of $0, $0 and $0 for the year 2010, 2009 and 2008 respectively 1,252         1,062   190 1,252
Unrealized gains/losses on commodity futures and foreign exchange contracts, net of tax expense/benefit of $11, $10 and $31 for the year 2010, 2009 and 2008 respectively 25         25     25
Unrealized investment gains/losses, net of tax expense/benefit of $1 and $4 for the year 2009 and 2008, respectively 2         2     2
Reclassification of realized net (gains) losses to net income, net of tax expense (benefit) $11, $(30) and $15 for the year 2010, 2009 and 2008 respectively 52         52     52
Pension liability adjustment, net of tax expense of $5 for the year 2010, tax benefit of $6 and $5 for the year 2009 and tax of $21 and $(11) for the year 2008 (27)         (11)   (16) (27)
Total comprehensive income (loss) 1,639               1,639
Dividends on common shares (131)       (131)        
Dividends on preference shares (78)       (78)        
Dividends to noncontrolling interest on subsidiary common stock (17)             (17)  
Return of capital to noncontrolling interest (44)             (44)  
Capital contribution from noncontrolling interest 87             87  
Consolidation of subsidiary 5             5  
Purchase of additional shares in subsidiary from noncontrolling interest (4)     (4)          
Stock-based compensation expense 17     17          
Tax benefits (reversal of) related to stock options and award plans 6     6          
Issuance of common shares:                  
-public equity offering 761     761          
-public equity offering (in shares)     12,000,000            
-stock options and award plans, net of shares withheld for taxes (4)     (4)          
-stock options and award plans, net of shares withheld for taxes (in shares)     464,450            
Balance at Dec. 31, 2009 10,365 1,553 1 3,625 3,996 319   871  
Balance (in shares) at Dec. 31, 2009   7,762,455 134,096,906            
Comprehensive income:                  
Net income (loss) 2,388       2,354     34 2,388
Other comprehensive income (loss):                  
Foreign exchange translation adjustment, net of tax expense of $0, $0 and $0 for the year 2010, 2009 and 2008 respectively 223         247   (24) 223
Unrealized gains/losses on commodity futures and foreign exchange contracts, net of tax expense/benefit of $11, $10 and $31 for the year 2010, 2009 and 2008 respectively 21         21     21
Reclassification of realized net (gains) losses to net income, net of tax expense (benefit) $11, $(30) and $15 for the year 2010, 2009 and 2008 respectively (11)         (11)     (11)
Pension liability adjustment, net of tax expense of $5 for the year 2010, tax benefit of $6 and $5 for the year 2009 and tax of $21 and $(11) for the year 2008 5         5     5
Other postretirement healthcare subsidy tax deduction adjustment 2         2     2
Total comprehensive income (loss) 2,628               2,628
Dividends on common shares (130)       (130)        
Dividends on preference shares (67)       (67)        
Dividends to noncontrolling interest on subsidiary common stock (12)             (12)  
Return of capital to noncontrolling interest (11)             (11)  
Capital contribution from noncontrolling interest 61             61  
Consolidation of subsidiary 3             3  
Sale of non-wholly owned subsidiary (Note 3) (588)             (588)  
Stock-based compensation expense 60     60          
Repurchase of common shares (354)           (354)    
Repurchase of common shares (in shares)     (6,714,573)            
Issuance of common shares:                  
-business acquisition (Note 2) 600     600          
-business acquisition (Note 2) (in shares)     10,315,400            
-conversion of mandatory convertible preference shares (Note 23)   (863)   509     354    
-conversion of mandatory convertible preference shares (Note 23) (in shares)   (862,455) 8,417,215            
-stock options and award plans, net of shares withheld for taxes (1)     (1)          
-stock options and award plans, net of shares withheld for taxes (in shares)     520,135            
Balance at Dec. 31, 2010 $ 12,554 $ 690 $ 1 $ 4,793 $ 6,153 $ 583   $ 334  
Balance (in shares) at Dec. 31, 2010   6,900,000 146,635,083