Comprehensive Income and Capital Structure

9 Months Ended

Sep. 30, 2011

Comprehensive Income and Capital Structure [Abstract]

COMPREHENSIVE INCOME AND CAPITAL STRUCTURE

NOTE 9 — COMPREHENSIVE INCOME AND CAPITAL STRUCTURE

The components of comprehensive income (loss), net of related taxes, for the quarters and nine months ended September 30, 2011 and 2010 are only attributable to HCA Holdings, Inc. and are as follows (dollars in millions):

	Quarter						Nine Months
	2011			2010			2011			2010
Net income attributable to HCA Holdings, Inc.	$	61		$	243		$	530		$	924
Change in fair value of derivative instruments		(72	)		(15	)		(3	)		(41	)
Change in fair value of available-for-sale securities		1			3			—			(4	)
Foreign currency translation adjustments		(18	)		20			(4	)		(7	)
Defined benefit plans		4			3			11			8
Comprehensive income (loss)	$	(24	)	$	254		$	534		$	880

The components of accumulated other comprehensive loss, net of related taxes, are as follows (dollars in millions):

	September 30, 2011			December 31, 2010
Change in fair value of derivative instruments	$	(275	)	$	(272	)
Change in fair value of available-for-sale securities		6			6
Foreign currency translation adjustments		(23	)		(19	)
Defined benefit plans		(132	)		(143	)
Accumulated other comprehensive loss	$	(424	)	$	(428	)

The changes in stockholders’ deficit, including changes in stockholders’ deficit attributable to HCA Holdings, Inc. and changes in equity attributable to noncontrolling interests, are as follows (dollars in millions):

	Equity (Deficit) Attributable to HCA Holdings, Inc.															Equity Attributable to Noncontrolling Interests			Total
	Common Stock						Capital in Excess of Par Value			Accumulated Other Comprehensive Loss			Retained Deficit
	Shares (000)			Par   Value
Balances, December 31, 2010		427,459		$	4		$	386		$	(428	)	$	(11,888	)	$	1,132		$	(10,794	)
Net income		—			—			—			—			530			270			800
Other comprehensive income		—			—			—			4			—			—			4
Issuance of common stock		87,719			1			2,505			—			—			—			2,506
Repurchase of common stock		(80,771	)		(1	)		(1,502	)		—			—			—			(1,503	)
Distributions		—			—			—			—			—			(281	)		(281	)
Share-based benefit plans		2,077			—			27			—			—			—			27
Reclassification of certain equity securities with contingent redemption rights		—			—			141			—			—			—			141
Other		—			—			27			—			—			11			38
Balances, September 30, 2011		436,484		$	4		$	1,584		$	(424	)	$	(11,358	)	$	1,132		$	(9,062	)

During February 2011, our Board of Directors approved an increase in the number of our authorized shares to 1,800,000,000 shares of common stock and a 4.505-to-one split of our issued and outstanding common shares. During March 2011, we completed the initial public offering of 87,719,300 shares of our common stock at a price of $30.00 per share and realized net proceeds (after costs of the offering) of $2.506 billion.

Prior to the consummation of the initial public offering of our common stock, certain employees could elect to have the Company redeem their common stock and vested options in the event of death or permanent disability, pursuant to the terms of their management stockholder agreements. The consummation of the initial public offering of our common stock effectively terminated the contingent redemption rights and the applicable amounts have been reclassified to stockholders’ equity.

On September 21, 2011, HCA Holdings, Inc. repurchased 80,771,143 shares of its common stock beneficially owned by affiliates of Bank of America Corporation at a purchase price of $18.61 per share, the closing price of the Company’s common stock on the New York Stock Exchange on September 14, 2011. The repurchase was financed using a combination of cash on hand and borrowings under available credit facilities. The shares repurchased represented approximately 15.6% of the Company’s total shares outstanding.