Consolidated
Statements of Shareholders' Equity |
|
|
Years
Ended December 31, |
|
Shares |
Dollars |
|
|
|
In millions |
1997 |
1996 |
1995 |
1997 |
1996 |
1995 |
|
Preference stock: |
|
|
|
|
|
|
Beginning of year |
5.6 |
6.3 |
6.4 |
$ 298.6 |
$ 334.9 |
$ 340.9 |
Conversion to common stock |
(0.3) |
(0.7) |
(0.1) |
(14.0) |
(36.3) |
(6.0) |
|
End of year |
5.3 |
5.6 |
6.3 |
284.6 |
298.6 |
334.9 |
|
Common stock: |
|
|
|
|
|
|
Beginning of year |
172.2 |
170.8 |
170.3 |
1.7 |
170.8 |
170.3 |
Stock options exercised and |
|
|
|
|
|
|
awards
under stock plans |
5.4 |
1.7 |
0.4 |
0.1 |
1.7 |
0.4 |
Effect of change in par value |
-- |
-- |
-- |
-- |
(170.5) |
-- |
Other |
0.4 |
(0.3) |
0.1 |
-- |
(0.3) |
0.1 |
|
End of year |
178.0 |
172.2 |
170.8 |
1.8 |
1.7 |
170.8 |
|
Treasury stock: |
|
|
|
|
|
|
Beginning of year |
(5.8) |
(6.5) |
(5.8) |
(273.1) |
(304.6) |
(283.8) |
Repurchase of common stock |
-- |
-- |
(0.8) |
-- |
-- |
(26.3) |
Conversion of preference stock |
0.3 |
0.7 |
0.1 |
12.2 |
31.6 |
5.5 |
Other |
(0.1) |
-- |
-- |
(2.0) |
(0.1) |
-- |
|
End of year |
(5.6) |
(5.8) |
(6.5) |
(262.9) |
(273.1) |
(304.6) |
|
Guaranteed ESOP obligation:
|
|
|
|
|
|
|
Beginning of year |
|
|
|
(292.1) |
(309.7) |
(328.1) |
Reduction of guaranteed ESOP
obligation |
|
|
|
-- |
17.6 |
18.4 |
|
End of year |
|
|
|
(292.1) |
(292.1) |
(309.7) |
|
Capital surplus: |
|
|
|
|
|
|
Beginning of year |
|
|
|
875.9 |
668.2 |
656.5 |
Conversion of preference stock |
|
|
|
1.8 |
4.7 |
0.5 |
Stock options exercised and
awards
under stock plans |
|
|
|
186.2 |
41.9 |
8.3 |
Effect of change in par value |
|
|
|
-- |
170.5 |
-- |
Other |
|
|
|
15.1 |
(9.4) |
2.9 |
|
End of year |
|
|
|
1,079.0 |
875.9 |
668.2 |
|
Retained earnings:
|
|
|
|
|
|
|
Beginning of year |
|
|
|
1,587.8 |
1,833.0 |
2,582.7 |
Net earnings (loss) |
|
|
|
37.7 |
176.6 |
(572.8) |
Dividends: |
|
|
|
|
|
|
Preference stock, net of tax
benefit |
|
|
|
(13.7) |
(14.4) |
(16.9) |
Redeemable preferred stock |
|
|
|
-- |
(0.1) |
(0.1) |
Common stock |
|
|
|
(60.8) |
(46.5) |
(159.9) |
Footstar Distribution |
|
|
|
-- |
(360.8) |
-- |
|
End of year |
|
|
|
1,551.0 |
1,587.8 |
1,833.0 |
|
Other: |
|
|
|
|
|
|
Beginning of year |
|
|
|
(2.4) |
0.2 |
(1.4) |
Cumulative translation adjustment |
|
|
|
-- |
(0.2) |
1.6 |
Unrealized holding gain (loss) on
investments, net |
|
|
|
2.4 |
(2.4) |
-- |
|
End of year |
|
|
|
-- |
(2.4) |
0.2 |
|
Total shareholders' equity |
|
|
|
$2,361.4 |
$2,196.4 |
$2,392.8 |
|
See accompanying notes to
consolidated financial statements.
|