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Consolidated Statement of Changes in Equity - 6 months ended Jun. 30, 2015 - USD ($)
$ in Millions
Total
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Additional Paid-In Capital
Class A Treasury Stock
Non- Controlling Interests
Class A Common Stock
Class B Common Stock
Balance at Dec. 31, 2014 $ 6,824 $ 13,169 $ (260) $ 3,876 $ (9,995) $ 34 $ 0 $ 0
Net income 1,941 1,941            
Activity related to non-controlling interests (2)         (2)    
Other comprehensive income (loss), net of tax (233) [1],[2]   (233)          
Cash dividends declared on Class A and Class B common stock, $0.32 per share (364) (364)            
Purchases of treasury stock (1,795)       (1,795)      
Share-based payments 65     60 5      
Balance at Jun. 30, 2015 $ 6,436 $ 14,746 $ (493) $ 3,936 $ (11,785) $ 32 $ 0 $ 0
[1] During the six months ended June 30, 2015 and 2014, insignificant deferred costs related to the Company’s defined benefit pension and other post retirement plans were reclassified to general and administrative expenses and insignificant gains and losses on available-for-sale investment securities were reclassified from accumulated other comprehensive income (loss) to investment income.
[2] During the six months ended June 30, 2015, the increase in other comprehensive loss related to foreign currency translation adjustments was driven by the devaluation of the Euro.