Shareholders' Equity

9 Months Ended

Sep. 30, 2011

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 5. Shareholders' Equity

The following tables summarize our shareholders' equity activity.

							Noncontrolling
	Total			Company			interest in
	shareholders'			shareholders'			consolidated
Millions of dollars	equity			equity			subsidiaries
Balance at December 31, 2010	$	10,387		$	10,373		$	14
Transactions with shareholders		299			299			-
Comprehensive income:
Net income		1,937			1,933			4
Total comprehensive income		1,937			1,933			4
Payments of dividends to shareholders		(247	)		(247	)		-
Balance at September 30, 2011	$	12,376		$	12,358		$	18

							Noncontrolling
	Total			Company			interest in
	shareholders'			shareholders'			consolidated
Millions of dollars	equity			equity			subsidiaries
Balance at December 31, 2009	$	8,757		$	8,728		$	29
Transactions with shareholders		111			131			(20	)
Treasury shares issued for acquisition of
Boots & Coots, Inc.		105			105			-
Shares repurchased		(114	)		(114	)		-
Comprehensive income:
Net income		1,235			1,230			5
Other comprehensive income		4			5			(1	)
Total comprehensive income		1,239			1,235			4
Payments of dividends to shareholders		(245	)		(245	)		-
Balance at September 30, 2010	$	9,853		$	9,840		$	13

The following table summarizes comprehensive income for the quarterly periods presented.

	Three Months Ended
	September 30
Millions of dollars	2011		2010
Net income	$	685	$	545
Total comprehensive income	$	685	$	545
Comprehensive income attributable to noncontrolling interest		2		1
Comprehensive income attributable to company		683		544

Accumulated other comprehensive loss consisted of the following:

	September 30,			December 31,
Millions of dollars	2011			2010
Defined benefit and other postretirement liability adjustments	$	(175	)	$	(175	)
Cumulative translation adjustments		(66	)		(66	)
Unrealized gains on investments		1			1
Total accumulated other comprehensive loss	$	(240	)	$	(240	)