Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Summary of shareholders' equity activity

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, 2016	$	9,448		$	9,409		$	39
Retained earnings adjustment for new accounting standard (a)	(384		)	(384		)	—
Payments of dividends to shareholders	(156		)	(156		)	—
Stock plans	120			120			—
Other	(9		)	(8		)	(1		)
Comprehensive loss	(30		)	(30		)	—
Balance at March 31, 2017	$	8,989		$	8,951		$	38

(a) Represents a cumulative-effect adjustment to retained earnings upon our adoption of a new accounting standards update on the income tax consequences of intra-entity transfers of assets other than inventory which was effective January 1, 2017. See Note 9 for further information.

Millions of dollars	Total shareholders' equity			Company shareholders' equity			Noncontrolling interest in consolidated subsidiaries
Balance at December 31, 2015	$	15,495		$	15,462		$	33
Payments of dividends to shareholders	(154		)	(154		)	—
Stock plans	126			126			—
Other	12			(6		)	18
Comprehensive loss	(2,419		)	(2,413		)	(6		)
Balance at March 31, 2016	$	13,060		$	13,015		$	45

Schedule of comprehensive income (loss)

Accumulated other comprehensive loss consisted of the following:

Millions of dollars	March 31, 2017			December 31, 2016
Defined benefit and other postretirement liability adjustments	$	(314	)	$	(313	)
Cumulative translation adjustments	(80		)	(80		)
Other	(58		)	(61		)
Total accumulated other comprehensive loss	$	(452	)	$	(454	)