XML 45 R21.htm IDEA: XBRL DOCUMENT
v3.10.0.1

STOCKHOLDERS' EQUITY | 12 Months Ended
--- | ---
Dec. 31, 2018
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY |
NOTE 12 | STOCKHOLDERS' EQUITY
The following is a summary of common stock issuances:
Shares in thousands |  | Common Stock
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 |
Issued |  | 1,628 |
Options exercised and other, net |  | 19 |
Balance, December 31, 2018 |  | 895,116 |
TREASURY STOCK The total number of shares authorized for Occidental's share repurchase program is 185 million shares of which 46.9 million may yet be purchased under the repurchase program. However, the program does not obligate Occidental to acquire any specific number of shares and may be discontinued at any time. In 2018, 16.9 million shares were purchased at an average price of $74.92 under the program. No shares were purchased under the program in 2017 and 2016. Additionally, Occidental purchased shares from the trustee of its defined contribution savings plan during each year. As of December 31, 2018, 2017 and 2016, treasury stock shares numbered 145.7 million, 128.4 million and 128.0 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, 2018, 2017 and 2016, Occidental had no outstanding shares of preferred stock. EARNINGS PER SHARE The following table presents the calculation of basic and diluted earnings per share for the years ended December 31:
(in millions, except per-share amounts) |  | 2018 |  | 2017 |  | 2016
Income (loss) from continuing operations attributable to common stock |  | $ | 4,131 |  |  | $ | 1,311 |  |  | $ | (1,002 | )
Income from discontinued operations |  | — |  |  | — |  |  | 428 |
Net income (loss) |  | 4,131 |  |  | 1,311 |  |  | (574 | )
Less: Net income allocated to participating securities |  | (17 | ) |  | (6 | ) |  | — |
Net income (loss), net of participating securities |  | $ | 4,114 |  |  | $ | 1,305 |  |  | $ | (574 | )
Weighted average number of basic shares |  | 761.7 |  |  | 765.1 |  |  | 763.8 |
Basic earnings (loss) per common share |  | $ | 5.40 |  |  | $ | 1.71 |  |  | $ | (0.75 | )
Net income (loss), net of participating securities |  | $ | 4,114 |  |  | $ | 1,305 |  |  | $ | (574 | )
Weighted average number of basic shares |  | 761.7 |  |  | 765.1 |  |  | 763.8 |
Dilutive securities |  | 1.6 |  |  | 0.8 |  |  | — |
Total diluted weighted average common shares |  | 763.3 |  |  | 765.9 |  |  | 763.8 |
Diluted earnings (loss) per common share |  | $ | 5.39 |  |  | $ | 1.70 |  |  | $ | (0.75 | )
ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consisted of the following after-tax amounts:
Balance at December 31, (in millions) |  | 2018 |  | 2017
Foreign currency translation adjustments |  | $ | (7 | ) |  | $ | (7 | )
Unrealized gains on derivatives |  | 5 |  |  | — |
Pension and postretirement adjustments (a) |  | (170 | ) |  | (251 | )
Total |  | $ | (172 | ) |  | $ | (258 | )
(a) | See Note 14 for further information.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration