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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2019
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders' Equity The following table is a summary of common stock issuances:
shares in thousands |  | Common Stock
Balance at December 31, 2018 |  | 895,116 |
Issued in the ordinary course |  | 2,394 |
Issued as part of the Merger (a) |  | 146,131 |
Balance at September 30, 2019 |  | 1,043,641 |
(a) Includes approximately 2 million shares of common stock issued to a benefits trust for former Anadarko employees treated as treasury stock at September 30, 2019. Occidental has authorized 50 million shares of preferred stock with a par value of $1.00 per share. On August 8, 2019, in connection with the Merger, Occidental issued 100,000 shares of a new series A preferred stock (the Preferred Stock), having a face value of $100,000 per share. Dividends on the Preferred Stock will accrue on the face value at a rate per annum of 8 percent, but will be paid only when, as, and if declared by Occidental’s Board of Directors. At any time, when such dividends have not been paid in full, the unpaid amounts will accrue dividends, compounded quarterly, at a rate per annum of 9 percent. Following the payment in full of any accrued but unpaid dividends, the dividend rate will remain at 9 percent per annum. On October 15, 2019, Occidental paid approximately $149 million in Preferred Stock dividends. At September 30, 2019, Occidental had 100,000 shares of preferred stock issued and outstanding, and none were outstanding at December 31, 2018. The following table presents the calculation of basic and diluted net income (loss) attributable to common stockholders per share:
|  | Three months ended September 30 |  | Nine months ended September 30
millions except per-share amounts |  | 2019 |  | 2018 |  | 2019 |  | 2018
Net income (loss) attributable to common stockholders |  | $ | (912 | ) |  | $ | 1,869 |  |  | $ | 354 |  |  | $ | 3,425 |
Less: Net income allocated to participating securities |  | — |  |  | 8 |  |  | 1 |  |  | 16 |
Net income (loss), net of participating securities |  | $ | (912 | ) |  | $ | 1,861 |  |  | $ | 353 |  |  | $ | 3,409 |
Weighted average number of basic shares |  | 845.7 |  |  | 761.7 |  |  | 781.1 |  |  | 764.3 |
Net income (loss) attributable to common stockholders per share—basic |  | $ | (1.08 | ) |  | $ | 2.44 |  |  | $ | 0.45 |  |  | $ | 4.46 |
Net income (loss), net of participating securities |  | $ | (912 | ) |  | $ | 1,861 |  |  | $ | 353 |  |  | $ | 3,409 |
Weighted average number of basic shares |  | 845.7 |  |  | 761.7 |  |  | 781.1 |  |  | 764.3 |
Dilutive securities |  | — |  |  | 1.6 |  |  | 1.1 |  |  | 1.5 |
Total diluted weighted-average common shares |  | 845.7 |  |  | 763.3 |  |  | 782.2 |  |  | 765.8 |
Net income (loss) attributable to common stockholders per share—diluted |  | $ | (1.08 | ) |  | $ | 2.44 |  |  | $ | 0.45 |  |  | $ | 4.45 |
Accumulated other comprehensive loss consisted of the following after-tax amounts:
millions |  | Gains and (losses) on derivatives |  | Pension and postretirement benefit plans |  | Foreign currency translation adjustments |  | Total
Balance at December 31, 2018 |  | $ | 5 |  |  | $ | (170 | ) |  | $ | (7 | ) |  | $ | (172 | )
Other comprehensive loss, before reclassifications |  | (130 | ) |  | (30 | ) |  | — |  |  | (160 | )
Balance at September 30, 2019 |  | $ | (125 | ) |  | $ | (200 | ) |  | $ | (7 | ) |  | $ | (332 | )

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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