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Stockholders' Equity
12 Months Ended
Dec. 31, 2013
Stockholders' Equity

12. Stockholders’ Equity

Schlumberger is authorized to issue 4,500,000,000 shares of common stock, par value $0.01 per share, of which 1,307,330,369 and 1,328,255,773 shares were outstanding on December 31, 2013 and 2012, respectively. Holders of common stock are entitled to one vote for each share of stock held. Schlumberger is also authorized to issue 200,000,000 shares of preferred stock, par value $0.01 per share, which may be issued in series with terms and conditions determined by the Board of Directors. No shares of preferred stock have been issued.

Accumulated Other Comprehensive Loss consists of the following:

 

(Stated in millions)

 

 

 

 

 

Currency
Translation
Adjustments

 

 

Fair Value

 of
Derivatives

 

 

Pension and 

Other
Postretirement
Benefit Plans

 

 

Unrealized 

Gains on Marketable
Securities

 

  

Total

 

Balance, January 1, 2011

$

(911

)

 

$

45

  

 

$

(1,902

)

 

$

—  

  

  

$

(2,768

)

Other comprehensive income (loss) before reclassifications

 

(82

)

 

 

(79

)

 

 

(1,007

)

 

 

—  

  

  

 

(1,168

)

Amounts reclassified from accumulated other comprehensive loss

 

—  

  

 

 

8

  

 

 

254

  

 

 

—  

  

  

 

262

  

Income taxes

 

—  

  

 

 

—  

  

 

 

117

  

 

 

—  

  

  

 

117

  

Balance, December 31, 2011

 

(993

)

 

 

(26

)

 

 

(2,538

)

 

 

—  

  

  

 

(3,557

)

Other comprehensive income (loss) before reclassifications

 

76

  

 

 

92

  

 

 

(1,016

)

 

 

141

  

  

 

(707

)

Amounts reclassified from accumulated other comprehensive loss

 

— 

  

 

 

(36

)

 

 

312

  

 

 

—  

  

  

 

276

  

Income taxes

 

—  

  

 

 

—  

  

 

 

100

  

 

 

—  

  

  

 

100

  

Balance, December 31, 2012

 

(917

)

 

 

30

  

 

 

(3,142

)

 

 

141

  

  

 

(3,888

)

Other comprehensive income (loss) before reclassifications

 

(151

 

 

 49

 

 

 

 1,328

 

 

 

 35

 

  

 

1,261

  

Amounts reclassified from accumulated other comprehensive loss

 

 

 

 

 (50

 

 

 425

 

 

 

 

  

 

375

  

Income taxes

 

  —

 

 

 

  —

 

 

 

(302

 

 

  —

 

  

 

(302

)  

Balance, December 31, 2013

$

(1,068

)

 

$

29

  

 

$

(1,691

)

 

$

176

  

  

$

(2,554

)

 

 

Other comprehensive income was $1.334 billion in 2013.  Other comprehensive loss was $331 million and $789 million in 2012 and 2011, respectively.