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CONSOLIDATED STATEMENTS OF EQUITY (USD $)
In Millions
Total
Common Stock [Member]
Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Noncontrolling Interests [Member]
Balance at Dec. 31, 2009 $ 20,415 $ 50 $ 7,243 $ 13,868 $ (721) $ (512) $ 487
Net income (loss) 821     761     60
Common stock issued 254 1 253        
Dividends - common (180)     (180)      
Repurchase of common stock (42)       (42)    
Subsidiary equity transactions 256           256
Distributions to noncontrolling interest owners (48)           (48)
Reclassification of previously deferred derivative losses to net income 17 [1]         17  
Adjustments for pension and other postretirement plans (54)         (54)  
Balance at Dec. 31, 2010 21,439 51 7,496 14,449 (763) (549) 755
Net income (loss) (2,568)     (2,649)     81
Common stock issued 161   161        
Dividends - common (181)     (181)      
Repurchase of common stock (41)       (41)    
Subsidiary equity transactions 301   32 [2]       269
Conversion of subordinated limited partner units to common units [2],[3]     162       (162)
Distributions to noncontrolling interest owners (82)           (82)
Contributions from noncontrolling interest owners 17           17
Reclassification of previously deferred derivative losses to net income 10 [1]         10  
Adjustments for pension and other postretirement plans (73)         (73)  
Balance at Dec. 31, 2011 18,983 51 7,851 11,619 (804) (612) 878
Net income (loss) 2,445     2,391     54
Common stock issued 249   249        
Dividends - common (181)     (181)      
Repurchase of common stock (37)       (37)    
Subsidiary equity transactions 547   130 [2]       417
Distributions to noncontrolling interest owners (112)           (112)
Contributions from noncontrolling interest owners 16           16
Reclassification of previously deferred derivative losses to net income 8 [1]         8  
Adjustments for pension and other postretirement plans (36)         (36)  
Balance at Dec. 31, 2012 $ 21,882 $ 51 $ 8,230 $ 13,829 $ (841) $ (640) $ 1,253
[1] Net of income tax benefit (expense) of $(4) million in 2012, $(5) million in 2011, and $(9) million in 2010.
[2] The $130 million increase to paid-in capital, together with the Company’s net income (loss) attributable to common stockholders, totaled $2,521 million for the year ended December 31, 2012. The $194 million increase to paid-in capital, together with the Company’s net income (loss) attributable to common stockholders, totaled $(2,455) million for the year ended December 31, 2011.
[3] Includes $92 million of tax associated with subsidiary equity transactions that occurred prior to the conversion of subordinated limited partner units to common units.