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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Consolidated Statements of Comprehensive Income      
Net income (loss) attributable to common stock $ (574) $ (7,829) $ 616
Other comprehensive income (loss) items:      
Foreign currency translation (losses) gains   (2) (2)
Unrealized gains (losses) on derivatives [1] (14) 3 (5)
Pension and postretirement gains (losses) [2] 47 48 (77)
Distribution of California Resources to shareholders [3]     22
Reclassification to income of realized losses (gains) on derivatives [4] 8 1 8
Other comprehensive income (loss), net of tax [5] 41 50 (54)
Comprehensive income (loss) $ (533) $ (7,779) $ 562
[1] Net of tax of $8, $(2) and $3 in 2016, 2015 and 2014, respectively. The 2015 amount includes a lower of cost or market inventory adjustment for hedged natural gas of $(2).
[2] Net of tax of $(26), $(27) and $44 in 2016, 2015 and 2014, respectively. See Note 13, Retirement and Postretirement Benefit Plans, for additional information.
[3] Net of tax of $(14) in 2014. Employees of California Resources no longer participate in Occidental benefit plans as of the separation date, see Note 17, Spin-off of California Resources.
[4] Net of tax of $(4), $(1) and $(5) in 2016, 2015 and 2014, respectively.
[5] There were no other comprehensive income (loss) items related to noncontrolling interests in 2016, 2015 and 2014.