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STOCKHOLDERS' EQUITY | 12 Months Ended
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Dec. 31, 2016
STOCKHOLDERS' EQUITY |
STOCKHOLDERS' EQUITY |
NOTE 11 | STOCKHOLDERS' EQUITY
The following is a summary of common stock issuances:
Shares in thousands |  | Common Stock
Balance, December 31, 2013 |  | 889,919 |
Issued |  | 584 |
Options exercised and other, net |  | 55 |
Balance, December 31, 2014 |  | 890,558 |
Issued |  | 782 |
Options exercised and other, net |  | 20 |
Balance, December 31, 2015 |  | 891,360 |
Issued |  | 843 |
Options exercised and other, net |  | 12 |
Balance, December 31, 2016 |  | 892,215 |
TREASURY STOCK On October 2, 2014, Occidental increased the total number of shares authorized for its share repurchase program by 60 million shares to 185 million shares total; however, the program does not obligate Occidental to acquire any specific number of shares and may be discontinued at any time. No shares were purchased under the program in 2016. In 2015 Occidental purchased 7.4 million shares under the program at an average cost of $76.99 per share. Additionally, Occidental purchased shares from the trustee of its defined contribution savings plan during each year. As of December 31, 2016, 2015 and 2014, treasury stock shares numbered 128.0 million, 127.7 million and 120.0 million, respectiv ely. NONREDEEMABLE PREFERRED STOCK Occidental has authorized 50,000,000 shares of preferred stock with a par value of $1.00 per share. At December 31, 2016, 2015 and 2014, Occidental had no outstanding shares of preferred stock. EARNINGS PER SHARE The following table presents the calculation of basic and diluted EPS for the years ended December 31:
(in millions, except per-share amounts) |  | 2016 |  | 2015 |  | 2014
Income (loss) from continuing operations |  | $ | (1,002 | ) |  | $ | (8,146 | ) |  | $ | (130 | )
Less: Income from continuing operations attributable to noncontrolling interest |  | — |  |  | — |  |  | (14 | )
Income (loss) from contributing operations attributable to common stock |  | (1,002 | ) |  | (8,146 | ) |  | (144 | )
Income from discontinued operations |  | 428 |  |  | 317 |  |  | 760 |
Net income (loss) |  | (574 | ) |  | (7,829 | ) |  | 616 |
Less: Net income allocated to participating securities |  | — |  |  | — |  |  | — |
Net income (loss), net of participating securities |  | $ | (574 | ) |  | $ | (7,829 | ) |  | $ | 616 |
Weighted average number of basic shares |  | 763.8 |  |  | 765.6 |  |  | 781.1 |
Basic earnings (loss) per common share |  | $ | (0.75 | ) |  | $ | (10.23 | ) |  | $ | 0.79 |
Net income (loss), net of participating securities |  | $ | (574 | ) |  | $ | (7,829 | ) |  | $ | 616 |
Weighted average number of basic shares |  | 763.8 |  |  | 765.6 |  |  | 781.1 |
Dilutive securities |  | — |  |  | — |  |  | — |
Total diluted weighted average common shares |  | 763.8 |  |  | 765.6 |  |  | 781.1 |
Diluted earnings (loss) per common share |  | $ | (0.75 | ) |  | $ | (10.23 | ) |  | $ | 0.79 |
ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consisted of the following after-tax amounts:
Balance at December 31, (in millions) |  | 2016 |  | 2015
Foreign currency translation adjustments |  | $ | (10 | ) |  | $ | (9 | )
Unrealized losses on derivatives |  | (13 | ) |  | (7 | )
Pension and post-retirement adjustments (a) |  | (243 | ) |  | (291 | )
Total |  | $ | (266 | ) |  | $ | (307 | )
(a) See Note 13 for further information.

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