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Equity | 12 Months Ended
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Dec. 31, 2014
Equity [Abstract] |
EQUITY |
13. | EQUITY
Share Activity For the years ended December 31, 2014, 2013, and 2012, activity in the number of shares of common stock and treasury stock was as follows (in millions):
| Common Stock |  | Treasury Stock
Balance as of December 31, 2011 | 673 |  |  | (117 | )
Transactions in connection with stock-based compensation plans: |  |  |
Stock issuances | — |  |  | 6 |
Stock repurchases | — |  |  | (6 | )
Stock repurchases under buyback program | — |  |  | (4 | )
Balance as of December 31, 2012 | 673 |  |  | (121 | )
Transactions in connection with stock-based compensation plans: |  |  |
Stock issuances | — |  |  | 6 |
Stock repurchases | — |  |  | (6 | )
Stock repurchases under buyback program | — |  |  | (17 | )
Balance as of December 31, 2013 | 673 |  |  | (138 | )
Transactions in connection with stock-based compensation plans: |  |  |
Stock issuances | — |  |  | 4 |
Stock repurchases | — |  |  | (2 | )
Stock repurchases under buyback program | — |  |  | (23 | )
Balance as of December 31, 2014 | 673 |  |  | (159 | )
Preferred Stock We have 20 million shares of preferred stock authorized with a par value of $0.01 per share. No shares of preferred stock were outstanding as of December 31, 2014 or 2013. Treasury Stock We purchase shares of our common stock in open market transactions to meet our obligations under employee stock-based compensation plans. We also purchase shares of our common stock from our employees and non-employee directors in connection with the exercise of stock options, the vesting of restricted stock, and other stock compensation transactions. On February 28, 2008, our board of directors approved a $3 billion common stock purchase program, which was in addition to a $6 billion program previously authorized. This additional $3 billion program has no expiration date. During 2013, we completed the $6 billion program. During the years ended December 31, 2014, 2013, and 2012, we purchased $1.2 billion, $692 million, and $118 million, respectively, of our common stock under our programs. As of December 31, 2014, we have approvals under the $3 billion program to purchase approximately $1.5 billion of our common stock. Year to date through February 20, 2015, we have purchased one million shares for $57 million. Common Stock Dividends On January 23, 2015, our board of directors declared a quarterly cash dividend of $0.40 per common share payable March 3, 2015 to holders of record at the close of business on February 11, 2015. Income Tax Effects Related to Components of Other Comprehensive Income (Loss) The following table reflects the tax effects allocated to each component of other comprehensive income (loss) for the years ended December 31, 2014, 2013, and 2012 (in millions):
| Before-Tax Amount |  | Tax Expense (Benefit) |  | Net Amount
Year Ended December 31, 2014: |  |  |  |  |
Foreign currency translation adjustment | $ | (407 | ) |  | $ | — |  |  | $ | (407 | )
Pension and other postretirement benefits: |  |  |  |  |
Loss arising during the year related to: |  |  |  |  |
Net actuarial loss | (471 | ) |  | (162 | ) |  | (309 | )
Prior service cost | (1 | ) |  | (1 | ) |  | — |
(Gain) loss reclassified into income related to: |  |  |  |  |
Net actuarial loss | 34 |  |  | 12 |  |  | 22 |
Prior service credit | (40 | ) |  | (14 | ) |  | (26 | )
Curtailment and settlement | 3 |  |  | — |  |  | 3 |
Net loss on pension and other postretirement benefits | (475 | ) |  | (165 | ) |  | (310 | )
Derivative instruments designated and qualifying as cash flow hedges: |  |  |  |  |
Net loss arising during the year | (1 | ) |  | — |  |  | (1 | )
Net loss reclassified into income | 2 |  |  | 1 |  |  | 1 |
Net gain on cash flow hedges | 1 |  |  | 1 |  |  | — |
Other comprehensive loss | $ | (881 | ) |  | $ | (164 | ) |  | $ | (717 | )
| Before-Tax Amount |  | Tax Expense (Benefit) |  | Net Amount
Year Ended December 31, 2013: |  |  |  |  |
Foreign currency translation adjustment | $ | (98 | ) |  | $ | — |  |  | $ | (98 | )
Pension and other postretirement benefits: |  |  |  |  |
Gain arising during the year related to: |  |  |  |  |
Net actuarial gain | 367 |  |  | 125 |  |  | 242 |
Plan amendments | 371 |  |  | 130 |  |  | 241 |
(Gain) loss reclassified into income related to: |  |  |  |  |
Net actuarial loss | 57 |  |  | 20 |  |  | 37 |
Prior service credit | (33 | ) |  | (12 | ) |  | (21 | )
Settlement | 1 |  |  | — |  |  | 1 |
Net gain on pension and other postretirement benefits | 763 |  |  | 263 |  |  | 500 |
Derivative instruments designated and qualifying as cash flow hedges: |  |  |  |  |
Net loss arising during the year | (4 | ) |  | (2 | ) |  | (2 | )
Net loss reclassified into income | 2 |  |  | 1 |  |  | 1 |
Net loss on cash flow hedges | (2 | ) |  | (1 | ) |  | (1 | )
Other comprehensive income | $ | 663 |  |  | $ | 262 |  |  | $ | 401 |
Year Ended December 31, 2012: |  |  |  |  |
Foreign currency translation adjustment | $ | 164 |  |  | $ | — |  |  | $ | 164 |
Pension and other postretirement benefits: |  |  |  |  |
Loss arising during the year related to: |  |  |  |  |
Net actuarial loss | (228 | ) |  | (79 | ) |  | (149 | )
Prior service cost | (9 | ) |  | (3 | ) |  | (6 | )
(Gain) loss reclassified into income related to: |  |  |  |  |
Net actuarial loss | 34 |  |  | 12 |  |  | 22 |
Prior service credit | (20 | ) |  | (7 | ) |  | (13 | )
Settlement | 12 |  |  | — |  |  | 12 |
Net loss on pension and other postretirement benefits | (211 | ) |  | (77 | ) |  | (134 | )
Derivative instruments designated and qualifying as cash flow hedges: |  |  |  |  |
Net gain arising during the year | 45 |  |  | 16 |  |  | 29 |
Net gain reclassified into income | (73 | ) |  | (26 | ) |  | (47 | )
Net loss on cash flow hedges | (28 | ) |  | (10 | ) |  | (18 | )
Other comprehensive income (loss) | $ | (75 | ) |  | $ | (87 | ) |  | $ | 12 |
Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) by component, net of tax, were as follows (in millions):
| Foreign Currency Translation Adjustment |  | Defined Benefit Plan Items |  | Gains and (Losses) on Cash Flow Hedges |  | Total
Balance as of December 31, 2011 | $ | 501 |  |  | $ | (424 | ) |  | $ | 19 |  |  | $ | 96 |
Other comprehensive income (loss) | 164 |  |  | (134 | ) |  | (18 | ) |  | 12 |
Balance as of December 31, 2012 | 665 |  |  | (558 | ) |  | 1 |  |  | 108 |
Other comprehensive income (loss) before reclassifications | (98 | ) |  | 483 |  |  | (2 | ) |  | 383 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 17 |  |  | 1 |  |  | 18 |
Net other comprehensive income (loss) | (98 | ) |  | 500 |  |  | (1 | ) |  | 401 |
Separation of retail business | (159 | ) |  | — |  |  | — |  |  | (159 | )
Balance as of December 31, 2013 | 408 |  |  | (58 | ) |  | — |  |  | 350 |
Other comprehensive loss before reclassifications | (407 | ) |  | (309 | ) |  | (1 | ) |  | (717 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (1 | ) |  | 1 |  |  | — |
Net other comprehensive loss | (407 | ) |  | (310 | ) |  | — |  |  | (717 | )
Balance as of December 31, 2014 | $ | 1 |  |  | $ | (368 | ) |  | $ | — |  |  | $ | (367 | )
Gains (losses) reclassified out of accumulated other comprehensive income (loss) and into net income were as follows (in millions):
Details about Accumulated Other Comprehensive Income (Loss) Components |  |  |  | Affected Line Item in the Statement of Income
| Year Ended December 31, |
| 2014 |  | 2013 |
Amortization of items related to defined benefit pension plans: |  |  |  |  |  |
Net actuarial loss |  | $ | (34 | ) |  | $ | (57 | ) |  | (a)
Prior service credit |  | 40 |  |  | 33 |  |  | (a)
Curtailment and settlement |  | (3 | ) |  | (1 | ) |  | (a)
|  | 3 |  |  | (25 | ) |  | Total before tax
|  | (2 | ) |  | 8 |  |  | Tax (expense) benefit
|  | $ | 1 |  |  | $ | (17 | ) |  | Net of tax
Losses on cash flow hedges: |  |  |  |  |  |
Commodity contracts |  | $ | (2 | ) |  | $ | (2 | ) |  | Cost of sales
|  | (2 | ) |  | (2 | ) |  | Total before tax
|  | 1 |  |  | 1 |  |  | Tax benefit
|  | $ | (1 | ) |  | $ | (1 | ) |  | Net of tax
Total reclassifications for the year |  | $ | — |  |  | $ | (18 | ) |  | Net of tax
_________________________
(a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit cost, as further discussed in Note 14. Net periodic benefit cost is reflected in operating expenses and general and administrative expenses.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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