Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2015

Dividend distributions―The following table summarizes the dividends paid in the periods presented:


	Dividend Per		Aggregate
	Ordinary		Dividends
Millions of dollars, except per share amounts	Share		Paid		Date of Record
March	$	0.70	$	334	March 2, 2015
June		0.78		368	June 1, 2015
September		0.78		361	August 25, 2015
	$	2.26	$	1,063

Schedule of share repurchase programs [Table Text Block]

The following table summarizes our share repurchase activity:

	Nine Months Ended September 30, 2015
			Average		Total Purchase
	Shares		Purchase		Price, Including
Millions of dollars, except shares and per share amounts	Repurchased		Price		Commissions
April 2014 Share Repurchase Program		19,892,101	$	86.40	$	1,719
May 2015 Share Repurchase Program		19,214,553		89.80		1,725
		39,106,654	$	88.07	$	3,444

	Nine Months Ended September 30, 2014
			Average		Total Purchase
	Shares		Purchase		Price, Including
Millions of dollars, except shares and per share amounts	Repurchased		Price		Commissions
May 2013 Share Repurchase Program		30,225,236	$	90.31	$	2,730
April 2014 Share Repurchase Program		15,866,941		105.71		1,677
		46,092,177	$	95.61	$	4,407

Due to the timing of settlements, total cash paid for share repurchases for the nine months ended September 30, 2015 and 2014 was $3,436 million and $4,347 million, respectively.

Schedule of changes in ordinary and treasury shares outstanding during the period [Table Text Block]

Ordinary Shares—The changes in the outstanding amounts of ordinary shares are as follows:

		Nine Months Ended
		September 30,
		2015	2014
Ordinary shares outstanding:
	Beginning balance	486,969,402	548,824,138
	Share-based compensation	4,955,719	1,255,317
	Warrants exercised	1,802	1,018
	Employee stock purchase plan	24,689	17,789
	Purchase of ordinary shares	(39,106,654)	(46,092,177)
	Ending balance	452,844,958	504,006,085

Treasury Shares—The changes in the amounts of treasury shares held by the Company are as follows:

		Nine Months Ended
		September 30,
		2015	2014
Ordinary shares held as treasury shares:
	Beginning balance	91,463,729	29,607,877
	Share-based compensation	(4,955,719)	(1,255,317)
	Warrants exercised	150	- -
	Employee stock purchase plan	(24,689)	(17,789)
	Purchase of ordinary shares	39,106,654	46,092,177
	Ending balance	125,590,125	74,426,948

Schedule of accumulated other comprehensive income (loss) [Table Text Block]

Accumulated Other Comprehensive Income (Loss)—The components of, and after-tax changes in, Accumulated other comprehensive income (loss) as of and for the nine months ended September 30, 2015 and 2014 are presented in the following table:

						Defined
				Net Unrealized		Pension		Foreign
				Holding Gains		and Other		Currency
		Financial		on Investments		Postretirement		Translation
Millions of dollars		Derivatives		Net of Tax		Benefit Plans		Adjustments		Total
Balance – January 1, 2015		$	(80)	$	- -	$	(449)	$	(497)	$	(1,026)
Other comprehensive income
	(loss) before reclassifications		185		(1)		- -		(406)		(222)
Amounts reclassified from
	accumulated other
	comprehensive loss		(148)		- -		15		- -		(133)
Net other comprehensive income
	(loss)		37		(1)		15		(406)		(355)
Balance – September 30, 2015		$	(43)	$	(1)	$	(434)	$	(903)	$	(1,381)

Balance – January 1, 2014		$	- -	$	- -	$	(140)	$	236	$	96
Other comprehensive income
	(loss) before reclassifications		(13)		1		(7)		(594)		(613)
Amounts reclassified from
	accumulated other
	comprehensive income		- -		- -		7		- -		7
Net other comprehensive income
	(loss)		(13)		1		- -		(594)		(606)
Balance – September 30, 2014		$	(13)	$	1	$	(140)	$	(358)	$	(510)

Reclassification out of accumulated other comprehensive income (loss) [Table Text Block]

The amounts reclassified out of each component of Accumulated other comprehensive income (loss) are as follows:

				Three Months Ended				Nine Months Ended				Affected line item on
				September 30,				September 30,				the Consolidated
Millions of dollars				2015		2014		2015		2014		Statements of Income
Reclassification adjustments for:
	Defined pension and other
		postretirement benefit plan
		items:
		Amortization of:
			Prior service cost	$	1	$	1	$	2	$	3
			Actuarial loss		6		1		19		6
	Financial derivatives:
		Cross-currency swaps			5		- -		(148)		- -	Other income, net
Reclassifications, before tax					12		2		(127)		9
Income tax expense					2		1		6		2	Provision for income taxes
Amounts reclassified out of
	Accumulated other
	comprehensive income (loss)			$	10	$	1	$	(133)	$	7

Amortization of prior service cost and actuarial loss are included in the computation of net periodic pension and other postretirement benefit costs (see Note 9).