Noncontrolling Interests

9 Months Ended

Sep. 30, 2014

Ownership interests in the company’s subsidiaries held by parties other than the parent are presented separately from the parent’s equity on the Consolidated Balance Sheet. The amount of consolidated net income attributable to the parent and the noncontrolling interests are both presented on the face of the Consolidated Statement of Income.

Activity for the equity attributable to noncontrolling interests for the first nine months of 2014 and 2013 is as follows:



	2014									2013
	Chevron Corporation Stockholders’ Equity			Non-controlling Interest			Total Equity			Chevron Corporation Stockholders’ Equity			Non-controlling Interest			Total Equity
	(Millions of dollars)
Balance at January 1	$	149,113		$	1,314		$	150,427		$	136,524		$	1,308		$	137,832
Net income	15,770			68			15,838			16,493			146			16,639
Dividends	(5,929		)	—			(5,929		)	(5,573		)	—			(5,573		)
Distributions to noncontrolling interests	—			(18		)	(18		)	—			(93		)	(93		)
Treasury shares, net	(3,210		)	—			(3,210		)	(3,214		)	—			(3,214		)
Other changes, net*	396			(197		)	199			549			(67		)	482
Balance at September 30	$	156,140		$	1,167		$	157,307		$	144,779		$	1,294		$	146,073

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* Includes components of comprehensive income, which are disclosed separately in the Consolidated Statement of Comprehensive Income.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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