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Stockholders' Equity
 9 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity

The following table is a summary of common stock issuances:
shares in thousands
 
Common Stock
Balance at December 31, 2018
 
895,116

Issued in the ordinary course
 
2,394

Issued as part of the Merger (a)
 
146,131

Balance at September 30, 2019
 
1,043,641

(a) Includes approximately 2 million shares of common stock issued to a benefits trust for former Anadarko employees treated as treasury stock at September 30, 2019.

Occidental has authorized 50 million shares of preferred stock with a par value of $1.00 per share. On August 8, 2019, in connection with the Merger, Occidental issued 100,000 shares of a new series A preferred stock (the Preferred Stock), having a face value of $100,000 per share. Dividends on the Preferred Stock will accrue on the face value at a rate per annum of 8 percent, but will be paid only when, as, and if declared by Occidental’s Board of Directors. At any time, when such dividends have not been paid in full, the unpaid amounts will accrue dividends, compounded quarterly, at a rate per annum of 9 percent. Following the payment in full of any accrued but unpaid dividends, the dividend rate will remain at 9 percent per annum. On October 15, 2019, Occidental paid approximately $149 million in Preferred Stock dividends. At September 30, 2019, Occidental had 100,000 shares of preferred stock issued and outstanding, and none were outstanding at December 31, 2018.

The following table presents the calculation of basic and diluted net income (loss) attributable to common stockholders per share:
 
 
Three months ended September 30
 
Nine months ended September 30
millions except per-share amounts
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders
 
$
(912
)
 
$
1,869

 
$
354

 
$
3,425

Less: Net income allocated to participating securities
 
—

 
8

 
1

 
16

Net income (loss), net of participating securities
 
$
(912
)
 
$
1,861

 
$
353

 
$
3,409

 
 
 
 
 
 
 
 
 
Weighted average number of basic shares
 
845.7

 
761.7

 
781.1

 
764.3

 
 
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders per share—basic
 
$
(1.08
)
 
$
2.44

 
$
0.45

 
$
4.46

 
 
 
 
 
 
 
 
 
Net income (loss), net of participating securities
 
$
(912
)
 
$
1,861

 
$
353

 
$
3,409

 
 
 
 
 
 
 
 
 
Weighted average number of basic shares
 
845.7

 
761.7

 
781.1

 
764.3

Dilutive securities
 
—

 
1.6

 
1.1

 
1.5

Total diluted weighted-average common shares
 
845.7

 
763.3

 
782.2

 
765.8

 
 
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders per share—diluted
 
$
(1.08
)
 
$
2.44

 
$
0.45

 
$
4.45



Accumulated other comprehensive loss consisted of the following after-tax amounts:
millions
 
Gains and (losses) on derivatives
 
Pension and postretirement benefit plans
 
Foreign currency translation adjustments
 
Total
Balance at December 31, 2018
 
$
5

 
$
(170
)
 
$
(7
)
 
$
(172
)
Other comprehensive loss, before reclassifications
 
(130
)
 
(30
)
 
—

 
(160
)
Balance at September 30, 2019
 
$
(125
)
 
$
(200
)
 
$
(7
)
 
$
(332
)