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Consolidated Statements of Changes In Shareholders' Equity - USD ($)
$ in Millions
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
AOCI Attributable to Parent [Member]
Parent [Member]
Noncontrolling Interest [Member]
Total
Balance at Dec. 31, 2018 $ 2,300 $ 857 $ 14,212 $ 16,303 $ (18,870) $ (1,010) $ 13,792 $ 94 $ 13,886
Net income (loss)       960     960 19 979
Other comprehensive income (loss)           (161) (161) (161)
Shares purchased for treasury         (925)   (925)   (925)
Shares issued to benefit plans and for option exercises   2 111       113   113
Common dividends       (625)     (625)   (625)
Preferred dividends       (98)     (98)   (98)
Other, net [1]       (132) (17)   (149) (23) (172)
Balance at Dec. 31, 2019 2,300 859 14,323 16,408 (19,812) (1,171) 12,907 90 12,997
Net income (loss)       512     512 11 523
Other comprehensive income (loss)           431 431 1 432
Shares purchased for treasury         (105)   (105)   (105)
Shares issued to benefit plans and for option exercises   4 319       323   323
Common dividends       (681)     (681)   (681)
Preferred dividends       (98)     (98)   (98)
Other, net         (11)   (32) (13) (45)
Non-controlling interest in HSG (2) [2]               102 102
Balance at Dec. 31, 2020 2,300 863 14,642 16,120 (19,928) (740) 13,257 191 13,448
Net income (loss)       1,906     1,906 29 1,935
Other comprehensive income (loss)           (435) (435) (1) (436)
Shares purchased for treasury         (274)   (274)   (274)
Shares issued to benefit plans and for option exercises   4 273       277   277
Common dividends       (812)     (812)   (812)
Preferred dividends       (24)     (24)   (24)
Other, net       2 (61)   (59) (7) (66)
Redemption of preferred stock [3] (700)     (803)     (1,503)   (1,503)
Conversion of preferred stock to common stock [4] (1,600) 40 1,560            
Balance at Dec. 31, 2021 $ 0 $ 907 $ 16,475 $ 16,389 $ (20,263) $ (1,175) $ 12,333 $ 212 $ 12,545
[1] Adjustments to retained earnings include the effect of the accounting changes recorded for the adoption of the new standard for reclassification of stranded tax effects in accumulated other comprehensive loss in the amount of $53 million and the impact of an equity affiliate's adoption of the new revenue standard in January 2019. A net reduction of $186 million net of tax was recorded to beginning retained earnings for performance obligations of which a significant amount settled by the end of 2019.
[2] Refer to Note 4 (HSG Transactions and Acquisitions) to the consolidated financial statements for more information.
[3] Refer to Note 17 (Shareholders' Equity) and Note 18 (Earnings per Common Share) to the consolidated financial statements for additional information.
[4] Refer to Note 17 (Shareholders' Equity) to the consolidated financial statement for additional information.