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Consolidated and Combined Statements of Equity - USD ($)
$ in Millions
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Net Parent Company Investment
Total
Balance at Dec. 31, 2013     $ (24) $ 10,013 $ 9,989
Increase (decrease) in Equity          
Net income (loss) [1]   $ (2,117)   683 (1,434)
Net contributions from Occidental [2]       56 56
Dividend to Occidental       (6,000) (6,000)
Reclassification of net parent company investment to additional paid-in capital $ 4,752     $ (4,752)  
Balance at Dec. 31, 2014 4,752 (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 4,782 (5,683) (15)   (916)
Increase (decrease) in Equity          
Net income (loss)   279     279
Other comprehensive income, net of tax     1   1
Issuance of common stock and other, net 79       79
Balance at Dec. 31, 2016 $ 4,861 $ (5,404) $ (14)   $ (557)
[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.