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Consolidated and Combined Statements of Equity - USD ($)
$ in Millions
Net Parent Company Investment
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total
Balance at Dec. 31, 2012 $ 9,907       $ (47) $ 9,860
Increase (decrease) in Equity            
Net income / (loss) 869         869
Other comprehensive income, net of tax         23 23
Net contributions from or (distributions to) Occidental (763)         (763)
Balance at Dec. 31, 2013 10,013       (24) 9,989
Increase (decrease) in Equity            
Net income / (loss) [1] 683     $ (2,117)   (1,434)
Net contributions from or (distributions to) Occidental [2] 56         56
Dividend to Occidental (6,000)         (6,000)
Issuance of common stock at Spin-off (4) $ 4        
Reclassification of net parent company investment to additional paid-in capital $ (4,748)   $ 4,748      
Balance at Dec. 31, 2014   4 4,748 (2,117) (24) 2,611
Increase (decrease) in Equity            
Net income / (loss)       (3,554)   (3,554)
Other comprehensive income, net of tax         9 9
Dividends on common stock       (12)   (12)
Issuance of common stock and other, net     30     30
Balance at Dec. 31, 2015   $ 4 $ 4,778 $ (5,683) $ (15) $ (916)
[1] Net income of $683 million related to operations from January 1, 2014 through the spin-off date of November 30, 2014 was included in Net Parent Company Investment. The net loss of $2,117 million for the month ended December 31, 2014 reflected our accumulated deficit as of that date as a stand-alone company.
[2] Net contributions from Occidental include non-cash contributions of approximately $400 million, predominantly trade receivables, partially offset by $335 million in cash distributions to Occidental.