Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 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	(469		)	(469		)	—
Stock plans	340			340			—
Other	(52		)	(46		)	(6		)
Comprehensive income (loss)	363			367			(4		)
Balance at September 30, 2017	$	9,246		$	9,217		$	29

(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 8 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	(465		)	(465		)	—
Stock plans	348			348			—
Other	(39		)	(52		)	13
Comprehensive loss	(5,613		)	(5,611		)	(2		)
Balance at September 30, 2016	$	9,726		$	9,682		$	44

Schedule of comprehensive income (loss)

Accumulated other comprehensive loss consisted of the following:

Millions of dollars	September 30, 2017			December 31, 2016
Defined benefit and other postretirement liability adjustments	$	(313	)	$	(313	)
Cumulative translation adjustments	(78		)	(80		)
Other	(57		)	(61		)
Total accumulated other comprehensive loss	$	(448	)	$	(454	)