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Shareholders' Equity
 6 Months Ended
Jun. 30, 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

Shares repurchased
(1,050
)
(1,050
)
—

Payments of dividends to shareholders
(231
)
(231
)
—

Stock plans
244

244

—

Other
(27
)
(24
)
(3
)
Comprehensive income
639

633

6

Balance at June 30, 2013
$
15,365

$
15,337

$
28

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

$
13,198

$
18

Payments of dividends to shareholders
(167
)
(167
)
—

Stock plans
154

154

—

Other
(23
)
(21
)
(2
)
Comprehensive income
1,381

1,376

5

Balance at June 30, 2012
$
14,561

$
14,540

$
21



During the six months ended June 30, 2013, we repurchased approximately 25 million shares of our common stock for a total cost of approximately $1.1 billion at an average price of $42.67 per share, inclusive of cash settlements in July 2013. On July 18, 2013, our board of directors increased the authorization to purchase Halliburton common stock by $4.3 billion, to a new total repurchase capacity of $5.0 billion.
On July 26, 2013, we commenced an offer to purchase for cash shares of our common stock for an aggregate purchase price of not more than $3.3 billion, at a per share purchase price of not less than $42.50 per share nor greater than $48.50 per share, pursuant to a “modified Dutch auction” procedure. The tender offer will expire at 11:59 p.m., New York City time, on August 22, 2013, unless extended or terminated by us. The tender offer is subject to the satisfaction or waiver of a number of conditions, including that we enter into one or more new debt financing arrangements that collectively result in our receipt of net proceeds that are sufficient to fund a substantial portion of the aggregate purchase price of the shares we intend to purchase in the tender offer.


Accumulated other comprehensive loss consisted of the following:
Millions of dollars
June 30,
2013
December 31,
2012
Defined benefit and other postretirement liability adjustments
$
(235
)
$
(241
)
Cumulative translation adjustments
(69
)
(69
)
Other
2

1

Total accumulated other comprehensive loss
$
(302
)
$
(309
)


Amounts reclassified out of accumulated other comprehensive loss for the six months ended June 30, 2013 and 2012 were not material. Additionally, the tax effects allocated to each component of other comprehensive income for the three and six months ended June 30, 2013 and 2012 were not material.