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Shareholders' Equity
 3 Months Ended
Mar. 31, 2013
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Shareholders’ Equity
The following tables summarize our shareholders’ equity activity:
Millions of dollars
Total shareholders' equity
Company shareholders' equity
Noncontrolling interest in consolidated subsidiaries
Balance at December 31, 2012
$
15,790

$
15,765

$
25

Transactions with shareholders
73

74

(1
)
Comprehensive income (loss)
(10
)
(13
)
3

Payments of dividends to shareholders
(116
)
(116
)
—

Balance at March 31, 2013
$
15,737

$
15,710

$
27

Millions of dollars
Total shareholders' equity
Company shareholders' equity
Noncontrolling interest in consolidated subsidiaries
Balance at December 31, 2011
$
13,216

$
13,198

$
18

Transactions with shareholders
94

95

(1
)
Comprehensive income
637

634

3

Payments of dividends to shareholders
(83
)
(83
)
—

Balance at March 31, 2012
$
13,864

$
13,844

$
20



During the three months ended March 31, 2013, we repurchased 1.2 million shares of our common stock under our existing share repurchase program for a total cost of approximately $50 million at an average price of $40.70 per share. Under the program, we are authorized to purchase shares with a market value of up to $5.0 billion. Since the inception of the program in February 2006, we have purchased 97 million shares at a total cost of approximately $3.3 billion.
In February 2013, the Board of Directors declared a dividend of $0.125 per common share for the first quarter of 2013, reflecting an increase of $0.035 per share over the quarterly dividend rate during 2012. The dividend was paid in March 2013.


Accumulated other comprehensive loss consisted of the following:
Millions of dollars
March 31,
2013
December 31,
2012
Defined benefit and other postretirement liability adjustments
$
(237
)
$
(241
)
Cumulative translation adjustments
(68
)
(69
)
Other
2

1

Total accumulated other comprehensive loss
$
(303
)
$
(309
)


Amounts reclassified out of accumulated other comprehensive loss for the three months ended March 31, 2013 and 2012 were not material. Additionally, the tax effects allocated to each component of other comprehensive income for the three months ended March 31, 2013 and 2012 were not material.