Stockholders' Equity

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity [Text Block]

Note 15 – Stockholders' Equity

Cash dividends declared per common share were $2.45, $1.9575, and $1.4375 for 2015, 2014, and 2013, respectively.

On June 23, 2014, we issued 61 million shares of common stock in a public offering at a price of $57.00 per share. That amount includes 8 million shares purchased pursuant to the full exercise of the underwriter’s option to purchase additional shares. The net proceeds of $3.378 billion were used in July 2014 to finance a portion of the ACMP Acquisition. (See Note 2 – Acquisitions.)

AOCI

The following table presents the changes in AOCI by component, net of income taxes:

	Cash Flow Hedges			Foreign Currency Translation			Pension and Other Post Retirement Benefits			Total
	(Millions)
Balance at December 31, 2014	$	(1	)	$	31		$	(371	)	$	(341	)
Other comprehensive income (loss) before reclassifications	3			(134		)	8			(123		)
Amounts reclassified from accumulated othercomprehensive income (loss)	(3		)	—			25			22
Other comprehensive income (loss)	—			(134		)	33			(101		)
Balance at December 31, 2015	$	(1	)	$	(103	)	$	(338	)	$	(442	)

Reclassifications out of AOCI are presented in the following table by component for the year ended December 31, 2015:

Component	Reclassifications			Classification
	(Millions)
Cash flow hedges:
Energy commodity contracts	$	(3	)	Product sales
Total cash flow hedges, before income taxes	(3		)
Pension and other postretirement benefits:
Amortization of prior service cost (credit) included in net periodic benefit cost	(6		)	Note 9 – Employee Benefit Plans
Amortization of actuarial (gain) loss included in net periodic benefit cost	46			Note 9 – Employee Benefit Plans
Total pension and other postretirement benefits, before income taxes	40
Reclassifications before income taxes	37
Income tax benefit	(15		)	Provision (benefit) for income taxes
Reclassifications during the period	$	22