Preferred Shares (Note 21 PDF) |
|
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
$ |
1,196 |
$ |
596 |
$ |
596 |
| Issued during the year |
|
|
|
550 |
|
600 |
|
– |
| |
| Balance at End of Year |
|
|
|
1,746 |
|
1,196 |
|
596 |
| |
| |
Number of Shares |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
2008 |
2007 |
2006 |
|
| |
|
|
|
|
|
|
|
Common Shares (Note 21 PDF) |
|
|
|
|
|
|
|
|
|
| Balance at beginning of year |
498,562,702 |
500,726,079 |
500,219,068 |
|
4,411 |
|
4,231 |
|
4,022 |
| Issued under the Shareholder Dividend Reinvestment and Share Purchase Plan (Note 21 PDF) |
2,413,244 |
1,626,374 |
1,378,328 |
|
122 |
|
113 |
|
89 |
| Issued under the Stock Option Plan (Note 23 PDF) |
1,778,586 |
3,774,644 |
5,014,557 |
|
60 |
|
132 |
|
169 |
| Issued on the exchange of shares of a subsidiary corporation (Note 21 PDF) |
7,260 |
57,205 |
33,526 |
|
– |
|
1 |
|
– |
| Issued on the acquisition of a business (Note 12 PDF) |
3,283,190 |
– |
– |
|
180 |
|
– |
|
– |
| Repurchased for cancellation (Note 21 PDF) |
–– |
(7,621,600) |
(5,919,400) |
|
– |
|
(66) |
|
(49) |
| |
| Balance at End of Year |
506,044,982 |
498,562,702 |
500,726,079 |
|
4,773 |
|
4,411 |
|
4,231 |
| |
Treasury Shares (Note 21 PDF) |
(1,469,949) |
– |
– |
|
(65) |
|
– |
|
– |
| |
Contributed Surplus |
|
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
58 |
|
49 |
|
35 |
| Stock option expense/exercised (Note 23 PDF) |
|
|
|
11 |
|
9 |
|
14 |
| |
| Balance at End of Year |
|
|
|
69 |
|
58 |
|
49 |
| |
Retained Earnings |
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
11,166 |
|
10,974 |
|
9,801 |
| Cumulative impact of adopting new accounting requirements for financial instruments (net of income taxes of $39) (Notes 3, 4, 15 PDF) |
|
|
|
– |
|
(71) |
|
– |
| Net income |
|
|
|
1,978 |
|
2,131 |
|
2,663 |
| Dividends |
|
|
|
|
|
|
|
|
|
| – Preferred shares (Note 21 PDF) |
|
|
|
(73) |
|
(43) |
|
(30) |
| – Common shares (Note 21 PDF) |
|
|
|
(1,410) |
|
(1,353) |
|
(1,133) |
| Common shares repurchased for cancellation (Note 21 PDF) |
|
|
|
– |
|
(458) |
|
(327) |
| Share issue expense |
|
|
|
(10) |
|
(14) |
|
– |
| Net discount on treasury shares |
|
|
|
(19) |
|
– |
|
– |
| |
| Balance at End of Year |
|
|
|
11,632 |
|
11,166 |
|
10,974 |
| |
Accumulated Other Comprehensive Income (Loss) on Available-for-Sale Securities |
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
35 |
|
– |
|
– |
| Impact of remeasuring available-for-sale securities to market value on November 1, 2006 (net of income taxes of $1) |
|
|
|
– |
|
3 |
|
– |
| Unrealized gains (losses) on available-for-sale securities arising during the year (net of income taxes of $137 and $6) |
|
|
|
(280) |
|
15 |
|
– |
| Reclassification to earnings of losses in the year (net of income taxes of $84 and $12) |
|
|
|
171 |
|
17 |
|
– |
| |
| Balance at End of Year |
|
|
|
(74) |
|
35 |
|
– |
| |
Accumulated Other Comprehensive Income (Loss) on Cash Flow Hedges |
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
(166) |
|
– |
|
– |
| Impact of adopting new cash flow hedge accounting rules on November 1, 2006 (net of income taxes of $28) |
|
|
|
– |
|
(51) |
|
– |
| Gains (losses) on cash flow hedges arising during the year (net of income taxes of $173 and $64) |
|
|
|
363 |
|
(128) |
|
– |
| Reclassification to earnings of losses on cash flow hedges (net of income taxes of $31 and $6) |
|
|
|
61 |
|
13 |
|
– |
| |
| Balance at End of Year |
|
|
|
258 |
|
(166) |
|
– |
| |
Accumulated Other Comprehensive Loss on Translation of Net Foreign Operations |
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
(1,402) |
|
(789) |
|
(612) |
| Unrealized gain (loss) on translation of net foreign operations |
|
|
|
2,726 |
|
(1,697) |
|
(472) |
| Impact of hedging unrealized gain (loss) on translation of net foreign operations (net of income taxes of $881, $575 and $156) |
|
|
|
(1,759) |
|
1,084 |
|
295 |
| |
| Balance at End of Year |
|
|
|
(435) |
|
(1,402) |
|
(789) |
| |
| Total Accumulated Other Comprehensive Loss |
|
|
|
(251) |
|
(1,533) |
|
(789) |
| |
Total Shareholders’ Equity |
|
|
$ |
17,904 |
$ |
15,298 |
$ |
15,061 |
| |
|
|
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