Lockheed Martin Corporation Consolidated Statements of Stockholders’ Equity See accompanying Notes to Consolidated Financial Statements. 54 (In millions, except per share data) Common Stock Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Loss Total Stockholders’ Equity Compre- hensive Income (Loss) Balance at December 31, 2008 $393 $ — $11,621 $ (9,149) $ 2,865 Cumulative effect of a change in accounting principle (see Note 1) — — (112) — (112) Balance at December 31, 2008, as adjusted 393 — 11,509 (9,149) 2,753 Net earnings — — 2,973 — 2,973 $ 2,973 Repurchases of common stock (25) (440) (1,386) — (1,851) — Common stock dividends declared ($2.34 per share) — — (908) — (908) — Stock-based awards and ESOP activity 5 440 — — 445 — Other comprehensive income (loss): Postretirement benefit plans: Unrecognized amounts in 2009, net of tax of $121 million — — — 214 214 214 Recognition of previously deferred amounts, net of tax of $158 million — — — 281 281 281 Other, net — — — 59 59 59 Balance at December 31, 2009 373 — 12,188 (8,595) 3,966 $ 3,527 Net earnings — — 2,878 — 2,878 $ 2,878 Repurchases of common stock (33) (514) (1,936) — (2,483) — Common stock dividends declared ($2.64 per share) — — (969) — (969) — Stock-based awards and ESOP activity 6 514 — — 520 — Other comprehensive income (loss): Postretirement benefit plans: Unrecognized amounts in 2010, net of tax benefit of $531 million — — — (983) (983) (983) Recognition of previously deferred amounts, net of tax of $304 million — — — 553 553 553 Other, net — — — 15 15 15 Balance at December 31, 2010 346 — 12,161 (9,010) 3,497 $ 2,463 Net earnings — — 2,655 — 2,655 $ 2,655 Repurchases of common stock (32) (589) (1,781) — (2,402) — Common stock dividends declared ($3.25 per share) — — (1,098) — (1,098) — Stock-based awards and ESOP activity 7 589 — — 596 — Other comprehensive income (loss): Postretirement benefit plans: Unrecognized amounts in 2011, net of tax benefit of $1.6 billion — — — (2,858) (2,858) (2,858) Recognition of previously deferred amounts, net of tax of $364 million — — — 666 666 666 Other, net — — — (55) (55) (55) Balance at December 31, 2011 $321 $ — $11,937 $(11,257) $ 1,001 $ 408