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STOCKHOLDERS' EQUITY | 12 Months Ended
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Dec. 31, 2017
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, 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 |
Issued |  | 1,252 |
Options exercised and other, net |  | 2 |
Balance, December 31, 2017 |  | 893,469 |
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 2017 and 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, 2017, 2016 and 2015, treasury stock shares numbered 128.4 million, 128.0 million and 127.7 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, 2017, 2016 and 2015, 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) |  | 2017 |  | 2016 |  | 2015 |
Income (loss) from continuing operations |  | $ | 1,311 |  | $ | (1,002) |  | $ | (8,146) |
Income (loss) from continuing operations attributable to common stock |  | 1,311 |  | (1,002) |  | (8,146) |
Income from discontinued operations |  | — |  | 428 |  | 317 |
Net income (loss) |  | 1,311 |  | (574) |  | (7,829) |
Less: Net income allocated to participating securities |  | (6) |  | — |  | — |
Net income (loss), net of participating securities |  | $ | 1,305 |  | $ | (574) |  | $ | (7,829) |
Weighted average number of basic shares |  | 765.1 |  | 763.8 |  | 765.6 |
Basic earnings (loss) per common share |  | $ | 1.71 |  | $ | (0.75) |  | $ | (10.23) |
Net income (loss), net of participating securities |  | $ | 1,305 |  | $ | (574) |  | $ | (7,829) |
Weighted average number of basic shares |  | 765.1 |  | 763.8 |  | 765.6 |
Dilutive securities |  | 0.8 |  | — |  | — |
Total diluted weighted average common shares |  | 765.9 |  | 763.8 |  | 765.6 |
Diluted earnings (loss) per common share |  | $ | 1.70 |  | $ | (0.75) |  | $ | (10.23) |
ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consisted of the following after-tax amounts:
Balance at December 31, (in millions) |  | 2017 |  | 2016 |
Foreign currency translation adjustments |  | $ | (7) |  | $ | (10) |
Unrealized losses on derivatives |  | — |  | (13) |
Pension and postretirement adjustments (a) |  | (251) |  | (243) |
Total |  | $ | (258) |  | $ | (266) |
| (a) |  | See Note 13 for further information.

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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 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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