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Changes in Consolidated Shareholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Treasury stock
Profit employed in the business
Accumulated other comprehensive income (loss)
Noncontrolling interests
Dividends per share declared $ 3.11          
Balance at Dec. 31, 2016 $ 13,228 $ 5,277 $ (17,478) $ 27,392 $ (2,039) $ 76
Increase (Decrease) in Stockholders' Equity            
Profit (loss) of consolidated and affiliated companies 759 0 0 754 0 5
Foreign currency translation, net of tax 765 0 0 0 765 0
Pension and other postretirement benefits, net of tax 32 0 0 0 32 0
Derivative financial instruments, net of tax 74 0 0 0 74 0
Available-for-sale securities, net of tax (24) 0 0 0 (24) 0
Change in ownership from noncontrolling interests 1 4 0 0 0 (3)
Dividends declared (1,845) 0 0 (1,845) 0 0
Distribution to noncontrolling interests (9) 0 0 0 0 (9)
Common shares issued from treasury stock for stock-based compensation: 5,126,379, 5,590,641, and 11,139,748 for the years ended December 31, 2019, 2018 and 2017 respectively 566 93 473 0 0 0
Stock-based compensation expense 206 206 0 0 0 0
Other 13 (13) 0 0 0 0
Balance at Dec. 31, 2017 13,766 5,593 (17,005) 26,301 (1,192) 69
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | Revenue recognition (12) 0 0 (12) 0 0
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | Tax accounting for intra-entity asset transfers (35) 0 0 (35) 0 0
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | Recognition and measurement of financial assets and liabilities 0 0 0 11 (11) 0
Balance at Jan. 01, 2018 $ 13,719 5,593 (17,005) 26,265 (1,203) 69
Dividends per share declared $ 3.36          
Balance at Dec. 31, 2017 $ 13,766 5,593 (17,005) 26,301 (1,192) 69
Increase (Decrease) in Stockholders' Equity            
Profit (loss) of consolidated and affiliated companies 6,148 0 0 6,147 0 1
Foreign currency translation, net of tax (396) 0 0 0 (396) 0
Pension and other postretirement benefits, net of tax (34) 0 0 0 (34) 0
Derivative financial instruments, net of tax (39) 0 0 0 (39) 0
Available-for-sale securities, net of tax (12) 0 0 0 (12) 0
Change in ownership from noncontrolling interests (53) (25) 0 0 0 (28)
Dividends declared (1,985) 0 0 (1,985) 0 0
Distribution to noncontrolling interests (1) 0 0 0 0 (1)
Common shares issued from treasury stock for stock-based compensation: 5,126,379, 5,590,641, and 11,139,748 for the years ended December 31, 2019, 2018 and 2017 respectively 313 41 272 0 0 0
Stock-based compensation expense 197 197 0 0 0 0
Common shares repurchased: 30,586, 507, 27,673,675 and 0 shares for years ended December 31, 2019, 2018 and 2017, respectively [1] (3,798) 0 (3,798) 0 0 0
Other 21 (21) 0 0 0 0
Balance at Dec. 31, 2018 14,080 5,827 (20,531) 30,427 (1,684) 41
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | Lease accounting [2] 235 0 0 235 0 0
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | Reclassification of certain tax effects from accumulated other comprehensive income [2] 0 0 0 (108) 108 0
Balance at Jan. 01, 2019 $ 14,315 5,827 (20,531) 30,554 (1,576) 41
Dividends per share declared $ 3.95          
Balance at Dec. 31, 2018 $ 14,080 5,827 (20,531) 30,427 (1,684) 41
Increase (Decrease) in Stockholders' Equity            
Profit (loss) of consolidated and affiliated companies 6,094 0 0 6,093 0 1
Foreign currency translation, net of tax 16 0 0 0 16 0
Pension and other postretirement benefits, net of tax (34) 0 0 0 (34) 0
Derivative financial instruments, net of tax (8) 0 0 0 (8) 0
Available-for-sale securities, net of tax 35 0 0 0 35 0
Dividends declared [3] (2,210) 0 0 (2,210) 0 0
Distribution to noncontrolling interests (3) 0 0 0 0 (3)
Common shares issued from treasury stock for stock-based compensation: 5,126,379, 5,590,641, and 11,139,748 for the years ended December 31, 2019, 2018 and 2017 respectively 238 (4) 242 0 0 0
Stock-based compensation expense 205 205 0 0 0 0
Common shares repurchased: 30,586, 507, 27,673,675 and 0 shares for years ended December 31, 2019, 2018 and 2017, respectively [1] (3,928) 0 (3,928) 0 0 0
Other 91 (93) 0 0 0 2
Balance at Dec. 31, 2019 $ 14,629 $ 5,935 $ (24,217) $ 34,437 $ (1,567) $ 41
[1]
See Note 16 regarding shares repurchased.
[2]
See Note 1J regarding new accounting guidance.
[3]
Dividends per share of common stock of $3.95, $3.36 and $3.11 were declared in the years ended December 31, 2019, 2018 and 2017, respectively.