Shareholders' Equity

9 Months Ended

Oct. 01, 2011

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 11 - Shareholders' Equity

A summary of changes in total shareholders' equity follows:

		First Nine Months
		2011								2010
		Temple-Inland Inc. Shareholders' Equity			Noncontrolling Interest		Total Shareholders' Equity			Temple-Inland Inc. Shareholders' Equity			Noncontrolling Interest		Total Shareholders' Equity
		(In millions, except per share amounts)
Beginning of year	$	929		$	92	$	1,021		$	794		$	92	$	886
Comprehensive income, net of tax:
Net income		41			0		41			141			0		141
Defined benefit plans		13			0		13			15			0		15
Foreign currency translation adjustment		(9	)		0		(9	)		4			0		4
Total Comprehensive Income							45								160
Dividends paid on common stock - ($0.39 per share in 2011 and $0.33 per share in 2010)		(43	)		0		(43	)		(35	)		0		(35	)
Share-based compensation, net of distributions		34			0		34			11			0		11
Balance at third quarter-end	$	965		$	92	$	1,057		$	930		$	92	$	1,022

Comprehensive income (loss) was $(3) million for third quarter 2011 and $132 million for third quarter 2010.  We issued 1,683,982 and 436,092 shares of common stock in first nine months 2011 and 2010 to employees exercising options and for vesting of share-settled units.

On June 7, 2011, our Board of Directors adopted the Rights Plan and declared a dividend of one Right for each outstanding share of Temple-Inland common stock.  On September 6, 2011, our Board of Directors amended our Rights Plan, rendering it inapplicable to the Merger Agreement and the transactions contemplated thereby.  Read Note 3 for additional information.