XML 37 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stockholders' Equity
6 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders' Equity
At June 30, 2017 and December 31, 2016 we had 2.0 billion shares of preferred stock and 5.0 billion shares of common stock authorized for issuance. At June 30, 2017 and December 31, 2016 we had 1.5 billion shares of common stock issued and outstanding. In the six months ended June 30, 2017 and 2016 we purchased 44 million and 10 million shares of our outstanding common stock for $1.5 billion and $300 million as part of the common stock repurchase program announced in March 2015, which our Board of Directors increased and extended in January 2016 and January 2017. Our total dividends paid on common stock were $564 million and $591 million in the three months ended June 30, 2017 and 2016 and $1.1 billion and $1.2 billion in the six months ended June 30, 2017 and 2016. The following table summarizes the significant components of Accumulated other comprehensive loss:
 
Three Months Ended
 
Six Months Ended
 
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
Foreign Currency Translation Adjustments
 
 
 
 
 
 
 
Balance at beginning of period
$
(2,264
)
 
$
(1,949
)
 
$
(2,355
)
 
$
(2,034
)
Other comprehensive income (loss) net of reclassification adjustment, noncontrolling interests and tax(a)(b)
102

 
(10
)
 
193

 
75

Balance at end of period
$
(2,162
)
 
$
(1,959
)
 
$
(2,162
)
 
$
(1,959
)
Defined Benefit Plans
 
 
 
 
 
 
 
Balance at beginning of period
$
(6,997
)
 
$
(6,121
)
 
$
(6,968
)
 
$
(5,999
)
Other comprehensive income (loss) before reclassification adjustment, net of tax(a)
(266
)
 
133

 
(343
)
 
(15
)
Reclassification adjustment, net of tax(a)(c)
55

 
38

 
103

 
64

Other comprehensive income (loss), net of tax(a)
(211
)
 
171

 
(240
)
 
49

Balance at end of period(d)
$
(7,208
)
 
$
(5,950
)
 
$
(7,208
)
 
$
(5,950
)
__________
(a)
The income tax effect was insignificant in the three and six months ended June 30, 2017 and 2016.
(b)
The reclassification adjustments and noncontrolling interests were insignificant in the three and six months ended June 30, 2017 and 2016.
(c)
Included in the computation of net periodic pension and OPEB (income) expense. Refer to Note 12 for additional information.
(d)
Refer to Note 2 for deferred pension costs to be recognized upon closing of the Agreement.