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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2015
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity Share Repurchase Program In January 2014, the company's Board of Directors authorized a $5,000 share buyback plan that replaced the 2011 plan. During the three and six months ended June 30, 2015, the company purchased and retired 1.0 million and 4.6 million shares, respectively, in the open market, which offset the dilution from employee compensation plans in the first and second quarter of 2015. As of June 30, 2015, the company has purchased 34.7 million shares at a total cost of $2,353 under the plan. There is no required completion date for the remaining stock purchases. In the first quarter 2015, DuPont announced its intention to buy back shares of about $4,000 using the distribution proceeds received from Chemours. In connection with the completion of the spin-off of Chemours, the Board of Directors authorized the use of the distribution proceeds to buy back shares of the company's common stock as follows: $2,000 to be purchased and retired by December 31, 2015 with the remainder to be purchased and retired by December 31, 2016. Other Comprehensive Income (Loss) A summary of the changes in other comprehensive income (loss) for the three and six months ended June 30, 2015 and 2014 is provided as follows:
| Three Months Ended | Three Months Ended | Affected Line Item in Consolidated Income Statements
| June 30, 2015 | June 30, 2014
| Pre-Tax | Tax | After-Tax | Pre-Tax | Tax | After-Tax |
Cumulative translation adjustment(3) | $ | 197 |  | $ | — |  | $ | 197 |  | $ | (59 | ) | $ | — |  | $ | (59 | ) |
Net revaluation and clearance of cash flow hedges to earnings: |  |  |  |  |  |  |
Additions and revaluations of derivatives designated as cash flow hedges | 8 |  | (3 | ) | 5 |  | (12 | ) | 4 |  | (8 | ) | See (1) below
Clearance of hedge results to earnings: |  |  |  |  |  |  |
Foreign currency contracts | (2 | ) | 1 |  | (1 | ) | 1 |  | (1 | ) | — |  | Net sales
Commodity contracts | 7 |  | (3 | ) | 4 |  | 12 |  | (4 | ) | 8 |  | Cost of goods sold
Net revaluation and clearance of cash flow hedges to earnings | 13 |  | (5 | ) | 8 |  | 1 |  | (1 | ) | — |  |
Pension benefit plans: |  |  |  |  |  |  |
Net (loss) gain | (2 | ) | 1 |  | (1 | ) | (103 | ) | 33 |  | (70 | ) | See (1) below
Effect of foreign exchange rates | (62 | ) | 18 |  | (44 | ) | — |  | — |  | — |  | See (1) below
Reclassifications to net income: |  |  |  |  |  |  |
Amortization of prior service (benefit) cost | (1 | ) | — |  | (1 | ) | — |  | — |  | — |  | See (2) below
Amortization of loss | 210 |  | (75 | ) | 135 |  | 150 |  | (52 | ) | 98 |  | See (2) below
Curtailment loss | — |  | — |  | — |  | 4 |  | (1 | ) | 3 |  | See (2) below
Settlement loss | 4 |  | (1 | ) | 3 |  | 2 |  | — |  | 2 |  | See (2) below
Pension benefit plans, net | 149 |  | (57 | ) | 92 |  | 53 |  | (20 | ) | 33 |  |
Other benefit plans: |  |  |  |  |  |  |
Reclassifications to net income: |  |  |  |  |  |  |
Amortization of prior service benefit | (52 | ) | 18 |  | (34 | ) | (53 | ) | 19 |  | (34 | ) | See (2) below
Amortization of loss | 19 |  | (6 | ) | 13 |  | 14 |  | (5 | ) | 9 |  | See (2) below
Other benefit plans, net | (33 | ) | 12 |  | (21 | ) | (39 | ) | 14 |  | (25 | ) |
Other comprehensive income (loss) | $ | 326 |  | $ | (50 | ) | $ | 276 |  | $ | (44 | ) | $ | (7 | ) | $ | (51 | ) |
| Six Months Ended | Six Months Ended | Affected Line Item in Consolidated Income Statements
| June 30, 2015 | June 30, 2014
| Pre-Tax | Tax | After-Tax | Pre-Tax | Tax | After-Tax |
Cumulative translation adjustment(3) | $ | (992 | ) | $ | — |  | $ | (992 | ) | $ | (131 | ) | $ | — |  | $ | (131 | ) |
Net revaluation and clearance of cash flow hedges to earnings: |  |  |  |  |  |  |
Additions and revaluations of derivatives designated as cash flow hedges | (14 | ) | 3 |  | (11 | ) | 26 |  | (10 | ) | 16 |  | See (1) below
Clearance of hedge results to earnings: |  |  |  |  |  |  |
Foreign currency contracts | (10 | ) | 4 |  | (6 | ) | 2 |  | (1 | ) | 1 |  | Net sales
Commodity contracts | 22 |  | (9 | ) | 13 |  | 29 |  | (11 | ) | 18 |  | Cost of goods sold
Net revaluation and clearance of cash flow hedges to earnings | (2 | ) | (2 | ) | (4 | ) | 57 |  | (22 | ) | 35 |  |
Pension benefit plans: |  |  |  |  |  |  |
Net (loss) gain | (6 | ) | 2 |  | (4 | ) | (102 | ) | 33 |  | (69 | ) | See (1) below
Effect of foreign exchange rates | 38 |  | (9 | ) | 29 |  | — |  | — |  | — |  | See (1) below
Reclassifications to net income: |  |  |  |  |  |  |
Amortization of prior service (benefit) cost | (3 | ) | 1 |  | (2 | ) | 1 |  | — |  | 1 |  | See (2) below
Amortization of loss | 419 |  | (149 | ) | 270 |  | 299 |  | (103 | ) | 196 |  | See (2) below
Curtailment loss | — |  | — |  | — |  | 4 |  | (1 | ) | 3 |  | See (2) below
Settlement loss | 9 |  | (3 | ) | 6 |  | 2 |  | — |  | 2 |  | See (2) below
Pension benefit plans, net | 457 |  | (158 | ) | 299 |  | 204 |  | (71 | ) | 133 |  |
Other benefit plans: |  |  |  |  |  |  |
Reclassifications to net income: |  |  |  |  |  |  |
Amortization of prior service benefit | (104 | ) | 37 |  | (67 | ) | (106 | ) | 38 |  | (68 | ) | See (2) below
Amortization of loss | 38 |  | (13 | ) | 25 |  | 28 |  | (9 | ) | 19 |  | See (2) below
Other benefit plans, net | (66 | ) | 24 |  | (42 | ) | (78 | ) | 29 |  | (49 | ) |
Other comprehensive (loss) income | $ | (603 | ) | $ | (136 | ) | $ | (739 | ) | $ | 52 |  | $ | (64 | ) | $ | (12 | ) |
1 | These amounts represent changes in accumulated other comprehensive loss excluding changes due to reclassifying amounts to the interim Consolidated Income Statements.
2 | These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the company's pension and other long-term employee benefit plans. See Note 13 for additional information.
3 | The increase over prior year is driven by the strengthening USD against primarily the Euro and Brazilian real, and changes in certain foreign entity's functional currency as described in Note 1.
The changes and after-tax balances of components comprising accumulated other comprehensive loss are summarized below:
| Cumulative Translation Adjustment | Net Revaluation and Clearance of Cash Flow Hedges to Earnings | Pension Benefit Plans | Other Benefit Plans | Unrealized Gain on Securities | Total
2015 |  |  |  |  |  |  |  |  |  |  |  |
Balance January 1, 2015 | $ | (1,016 | ) | $ | (6 | ) | $ | (7,949 | ) | $ | 262 |  | $ | 2 |  | $ | (8,707 | )
Other comprehensive (loss) income before reclassifications | (992 | ) | (11 | ) | 25 |  | — |  | — |  | (978 | )
Amounts reclassified from accumulated other comprehensive loss | — |  | 7 |  | 274 |  | (42 | ) | — |  | 239 |
Balance June 30, 2015 | $ | (2,008 | ) | $ | (10 | ) | $ | (7,650 | ) | $ | 220 |  | $ | 2 |  | $ | (9,446 | )
| Cumulative Translation Adjustment | Net Revaluation and Clearance of Cash Flow Hedges to Earnings | Pension Benefit Plans | Other Benefit Plans | Unrealized Gain on Securities | Total
2014 |  |  |  |  |  |  |  |  |  |  |  |
Balance January 1, 2014 | $ | (140 | ) | $ | (48 | ) | $ | (5,749 | ) | $ | 494 |  | $ | 2 |  | $ | (5,441 | )
Other comprehensive (loss) income before reclassifications | (131 | ) | 16 |  | (69 | ) | — |  | — |  | (184 | )
Amounts reclassified from accumulated other comprehensive loss | — |  | 19 |  | 202 |  | (49 | ) | — |  | 172 |
Balance June 30, 2014 | $ | (271 | ) | $ | (13 | ) | $ | (5,616 | ) | $ | 445 |  | $ | 2 |  | $ | (5,453 | )

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