Equity

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Equity

Note 15—Equity
Common Stock
The changes in our shares of common stock, as categorized in the equity section of the balance sheet, were:
	Shares
	2014	2013	2012
Issued
Beginning of year	1,768,169,906	1,762,247,949	1,749,550,587
Distributed under benefit plans	5,413,462	5,921,957	12,697,362
End of year	1,773,583,368	1,768,169,906	1,762,247,949
Held in Treasury
Beginning of year	542,230,673	542,230,673	463,880,628
Repurchase of common stock	-	-	79,904,400
Distributed under benefit plans	-	-	(1,554,355)
End of year	542,230,673	542,230,673	542,230,673

Preferred Stock

We have authorized 500 million shares of preferred stock, par value $.01 per share, none of which was issued or outstanding at December 31, 2014 or 2013.

Noncontrolling Interests

At December 31, 2014 and 2013, we had $362 million and $402 million outstanding, respectively, of equity in less-than-wholly owned consolidated subsidiaries held by noncontrolling interest owners. For both periods, the amountswere related to the Darwin LNG and Bayu-Darwin Pipeline operating joint ventures we control.