Old COPPER Company, Inc. - 10-Q filing on 2012-09-04

Stockholders' Equity (Tables)

6 Months Ended

Jul. 28, 2012

Schedule of Stockholders Equity [Table Text Block]


	Number								Accumulated
	of				Additional		Reinvested		Other		Total
(in millions)	Common		Common		Paid-in		Earnings/		Comprehensive		Stockholders’
	Shares		Stock		Capital		(Loss)		Income/(Loss)		Equity
January 28, 2012	215.9	$	108	$	3,699	$	1,412	$	(1,209)	$	4,010
Net income/(loss)	-		-		-		(310)		-		(310)
Other comprehensive income/(loss)	-		-		-		-		(68)		(68)
Dividends declared, common	-		-		-		(45)		-		(45)
Stock-based compensation	2.9		1		83		-		-		84
July 28, 2012	218.8	$	109	$	3,782	$	1,057	$	(1,277)	$	3,671

Schedule of Comprehensive Income (Loss) [Table Text Block]


	Three Months Ended
	July 28, 2012								July 30, 2011
				Income						Income
				Tax						Tax
($ in millions)	Gross			(Expense)		Net		Gross		(Expense)		Net
	Amount			Benefit		Amount		Amount		Benefit		Amount
Unrealized gain/(loss) on REITs	$	8		$	(2)	$	6	$	12	$	(5)	$	7
Reclassification adjustment for gain on REIT included in net income		(270)	⁽¹⁾		96		(174)		-		-		-
Reclassification for amortization of net actuarial (gain)/loss included in net periodic benefit expense		63			(26)		37		38		(15)		23
Reclassification for amortization of prior service (credit)/cost included in net periodic benefit expense		(3)			1		(2)		(7)		3		(4)
Total	$	(202)		$	69	$	(133)	$	43	$	(17)	$	26


	Six Months Ended
	July 28, 2012								July 30, 2011
				Income						Income
				Tax						Tax
($ in millions)	Gross			(Expense)		Net		Gross		(Expense)		Net
	Amount			Benefit		Amount		Amount		Benefit		Amount
Unrealized gain/(loss) on REITs	$	51		$	(18)	$	33	$	47	$	(17)	$	30
Reclassification adjustment for gain on REIT included in net income		(270)	⁽¹⁾		96		(174)		-		-		-
Reclassification for amortization of net actuarial (gain)/loss included in net periodic benefit expense		127			(50)		77		75		(29)		46
Reclassification for amortization of prior service (credit)/cost included in net periodic benefit expense		(7)			3		(4)		(13)		5		(8)
Total	$	(99)		$	31	$	(68)	$	109	$	(41)	$	68

(1) Reclassification adjustment was calculated by using the closing fair market value per unit of $158.13 on July 19, 2012 for the two million REIT units that were redeemed on July 20, 2012. The REIT units were redeemed at a price of $124.00 per unit (see Note 6).

Schedule of Accumulated Other Comprehensive (Loss)/Income [Table Text Block]



	Unrealized						Accumulated Other
	Gain/(Loss)		Net Actuarial		Prior Service		Comprehensive
	on REITs		Gain/(Loss)		Credit/(Cost)		Income/(Loss)
January 28, 2012	$	165	$	(1,397)	$	23	$	(1,209)
Current period change		(141)		77		(4)		(68)
July 28, 2012	$	24	$	(1,320)	$	19	$	(1,277)