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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Unearned Compensation
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
[1]
Noncontrolling Interests
Beginning balance at Dec. 31, 2017   $ 1,466 $ 1,984 $ (5) $ (20,181) $ 20,531 $ (3,855) $ 303
Changes in Shareholders' Equity [Roll Forward]                
Net income $ 678         634   44
Other comprehensive income (loss), net of tax 121           118 3
Dividends [2]           (718)    
Stock-based compensation expense     28          
Shares issued for stock options     48   77      
Shares issued for restricted stock units     (12)   12      
Treasury stock acquired         351      
Other     (1) 3 2 134 (163) [3]  
Ending balance at Mar. 31, 2018   1,466 2,047 (2) (20,441) 20,581 (3,900) 350
Beginning balance at Dec. 31, 2018 197 1,466 2,204 (3) (21,196) 21,615 (4,188) 299
Changes in Shareholders' Equity [Roll Forward]                
Net income 600         560   40
Other comprehensive income (loss), net of tax 33           28 5
Dividends           (734) [2]   (2)
Stock-based compensation expense     17          
Shares issued for stock options     33   49      
Shares issued for restricted stock units     (13)   13      
Treasury stock acquired         (399)      
Other         1 (5)    
Ending balance at Mar. 31, 2019 $ (210) $ 1,466 $ 2,241 $ (3) $ (21,532) $ 21,436 $ (4,160) $ 342
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,134 at March 31, 2019 ($2,832 at March 31, 2018) and $3,155 at December 31, 2018 ($2,927 at December 31, 2017), respectively, and unrecognized retirement plan and other retiree benefits costs of $1,026 at March 31, 2019 ($1,062 at March 31, 2018) and $1,038 at December 31, 2018 ($923 at December 31, 2017), respectively.
[2] Two dividends were declared in each of the first quarters of 2019 and 2018.
[3] As a result of the early adoption of ASU 2018-02, the Company reclassified the stranded tax effects in Accumulated other comprehensive income (loss) resulting from the Tax Cuts and Jobs Act (the “TCJA” or “U.S. tax reform”) to Retained earnings. See Note 2, Summary of Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 for additional information.