Clear vision, clear progress.

2015 Integrated Report

Consolidated Statements of Changes in Equity (unaudited)

Common Shareholders’ Equity
For the Years Ended
December 31, 2015, 2014, and 2013
Subsidiaries’
Preferred
Stock
Common
Stock
Treasury
Stock
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
In thousands
Balance at December 31, 2012 $ 94,000 $ 2,548 $ (5,574,819) $ 5,357,852 $ 9,704,591 $ (293,083) $ 9,291,089
Consolidated net income (a) 18,670 711,902 730,572
Other comprehensive income 263,759 263,759
Common stock issuances related
to stock plans 40,877 10,279 51,156
Common stock dividends declared (591,440) (591,440)
Preferred dividend requirements
of subsidiaries (a) (18,670) (18,670)
Balance at December 31, 2013 $ 94,000 $ 2,548 $ (5,533,942) $ 5,368,131 $ 9,825,053 $ (29,324) $ 9,726,466
Consolidated net income (a) 19,536 940,721 960,257
Other comprehensive loss (12,983) (12,983)
Preferred stock repurchases (183,271) (183,271)
Common stock issuances related
to stock plans 219,687 7,222 226,909
Common stock dividends declared (596,117) (596,117)
Preferred dividend requirements
of subsidiaries (a) (19,536) (19,536)
Balance at December 31, 2014 $ 94,000 $ 2,548 $ (5,497,526) $ 5,375,353 $ 10,169,657 $ (42,307) $ 10,101,725
Consolidated net income (loss) (a) 19,828 (176,562) (156,734)
Other comprehensive income 51,258 51,258
Common stock repurchases (99,807) (99,807)
Preferred stock repurchases/
redemptions (94,000) (285) (94,285)
Common stock issuances related
to stock plans 44,954 28,405 73,359
Common stock dividends declared (598,897) (598,897)
Preferred dividend requirements
of subsidiaries (a) (19,828) (19,828)
Balance at December 31, 2015 $ 2,548 $ (5,552,379) $ 5,403,758 $ 9,393,913 $ 8,951 $ 9,256,791

(a) Consolidated net income and preferred dividend requirements of subsidiaries for 2015, 2014, and 2013 include $14.9 million, $12.9 million, and $12.0 million, respectively, of preferred dividends on subsidiaries’ preferred stock without sinking fund that is not presented as equity.