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STRYKER CORPORATION 2017 FORM 10-K Dollar amounts in millions except per share amounts or as otherwise specified. 19 Stryker Corporation and Subsidiaries CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY 2017 2016 2015 Shares Amount Shares Amount Shares Amount Common stock Beginning 374.6 $ 37 373.0 $ 37 378.6 $ 38 Issuance of common stock under stock option and benefit plans 1.7 — 1.7 — 1.8 — Repurchase of common stock (1.9) — (0.1) — (7.4) (1) Ending 374.4 $ 37 374.6 $ 37 373.0 $ 37 Additional paid-in capital Beginning $ 1,432 $ 1,321 $ 1,252 Issuance of common stock under stock option and benefit plans (42) 15 8 Repurchase of common stock (7) (1) (25) Share-based compensation 113 97 86 Ending $ 1,496 $ 1,432 $ 1,321 Retained earnings Beginning $ 8,842 $ 7,792 $ 7,559 Net earnings 1,020 1,647 1,439 Repurchase of common stock (223) (12) (674) Cash dividends declared (653) (585) (532) Ending $ 8,986 $ 8,842 $ 7,792 Accumulated other comprehensive (loss) income Beginning $ (761) $ (639) $ (254) Other comprehensive income (loss) 208 (122) (385) Ending $ (553) $ (761) $ (639) Total Stryker shareholders' equity $ 9,966 $ 9,550 $ 8,511 Non-controlling interest Beginning $ — $ — $ — Acquisitions 114 — — Interest purchased (99) — — Net earnings attributable to noncontrolling interest — — — Foreign currency exchange translation adjustment (1) — — Ending $ 14 — $ — Total shareholders' equity $ 9,980 $ 9,550 $ 8,511 See accompanying notes to Consolidated Financial Statements.