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Consolidated Statement of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Common stock
Treasury stock
Profit employed in the business
Accumulated other comprehensive income (loss)
Noncontrolling interests
Balance at Dec. 31, 2017 $ 13,766 $ 5,593 $ (17,005) $ 26,301 $ (1,192) $ 69
Adjustments to adopt new accounting guidance | Revenue recognition (12) 0 0 (12) 0 0
Adjustments to adopt new accounting guidance | Tax accounting for intra-entity asset transfers (35) 0 0 (35) 0 0
Adjustments to adopt new accounting guidance | Recognition and measurement of financial assets and liabilities 0 0 0 11 (11) 0
Balance at Jan. 01, 2018 13,719 5,593 (17,005) 26,265 (1,203) 69
Balance at Dec. 31, 2017 13,766 5,593 (17,005) 26,301 (1,192) 69
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 5,099 0 0 5,099 0 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (292) 0 0 0 (292) 0
Pension and other postretirement benefits, net of tax (23) 0 0 0 (23) 0
Derivative financial instruments, net of tax (36) 0 0 0 (36) 0
Available-for-sale securities, net of tax (14) 0 0 0 (14) 0
Change in Ownership for Noncontrolling Interests 43 25 0 0 0 18
Dividends declared [1] 980 0 0 980 0 0
Distribution to noncontrolling interests (1) 0 0 0 0 (1)
Common shares issued from treasury stock for stock-based compensation: three months: 1,302,208 in 2018 and 644,039 in 2019; six months: 4,729,038 in 2018 and 2,503,104 in 2019 292 36 256 0 0 0
Stock-based compensation expense, before tax (in dollars) 164 164 0 0 0 0
Common shares repurchased: three months: 4,774,613 in 2018 and 10,335,410 in 2019; nine months: 12,804,035 in 2018 and 25,792,061 in 2019 [2] (1,932) 0 (1,932) 0 0 0
Other (63) 53 0 0 0 10
Balance at Sep. 30, 2018 $ 15,890 5,715 (18,681) 30,384 (1,568) 40
Increase (Decrease) in Shareholders' Equity            
Dividends declared $ 1.64          
Balance at Jun. 30, 2018 $ 14,942 5,746 (18,028) 28,657 (1,496) 63
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 1,727 0 0 1,727 0 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (65) 0 0 0 (65) 0
Pension and other postretirement benefits, net of tax (7) 0 0 0 (7) 0
Derivative financial instruments, net of tax 1 0 0 0 1 0
Available-for-sale securities, net of tax (1) 0 0 0 (1) 0
Change in Ownership for Noncontrolling Interests 40 27 0 0 0 13
Common shares issued from treasury stock for stock-based compensation: three months: 1,302,208 in 2018 and 644,039 in 2019; six months: 4,729,038 in 2018 and 2,503,104 in 2019 36 7 29 0 0 0
Stock-based compensation expense, before tax (in dollars) 52 52 0 0 0 0
Common shares repurchased: three months: 4,774,613 in 2018 and 10,335,410 in 2019; nine months: 12,804,035 in 2018 and 25,792,061 in 2019 [2] (682) 0 (682) 0 0 0
Other (73) (63) 0 0 0 (10)
Balance at Sep. 30, 2018 15,890 5,715 (18,681) 30,384 (1,568) 40
Balance at Dec. 31, 2018 14,080 5,827 (20,531) 30,427 (1,684) 41
Adjustments to adopt new accounting guidance | Accounting Standards Update 2016-02 [3] 235 0 0 235 0 0
Adjustments to adopt new accounting guidance | Accounting Standards Update 2018-02 [3] 0 0 0 (108) 108 0
Balance at Jan. 01, 2019 14,315 5,827 (20,531) 30,554 (1,576) 41
Balance at Dec. 31, 2018 14,080 5,827 (20,531) 30,427 (1,684) 41
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 4,997 0 0 4,995 0 2
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (186) 0 0 0 (186) 0
Pension and other postretirement benefits, net of tax (22) 0 0 0 (22) 0
Derivative financial instruments, net of tax (33) 0 0 0 (33) 0
Available-for-sale securities, net of tax 34 0 0 0 34 0
Dividends declared [1] 1,074 0 0 1,074 0 0
Distribution to noncontrolling interests (2) 0 0 0 0 (2)
Common shares issued from treasury stock for stock-based compensation: three months: 1,302,208 in 2018 and 644,039 in 2019; six months: 4,729,038 in 2018 and 2,503,104 in 2019 59 (62) 121 0 0 0
Stock-based compensation expense, before tax (in dollars) 170 170 0 0 0 0
Common shares repurchased: three months: 4,774,613 in 2018 and 10,335,410 in 2019; nine months: 12,804,035 in 2018 and 25,792,061 in 2019 [2] (3,283) 0 (3,283) 0 0 0
Other 18 16 0 2 0 0
Balance at Sep. 30, 2019 $ 14,993 5,951 (23,693) 34,477 (1,783) 41
Increase (Decrease) in Shareholders' Equity            
Dividends declared $ 1.89          
Balance at Jun. 30, 2019 $ 14,878 5,822 (22,467) 32,981 (1,499) 41
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 1,494 0 0 1,494 0 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (263) 0 0 0 (263) 0
Pension and other postretirement benefits, net of tax (8) 0 0 0 (8) 0
Derivative financial instruments, net of tax (17) 0 0 0 (17) 0
Available-for-sale securities, net of tax 4 0 0 0 4 0
Common shares issued from treasury stock for stock-based compensation: three months: 1,302,208 in 2018 and 644,039 in 2019; six months: 4,729,038 in 2018 and 2,503,104 in 2019 20 0 20 0 0 0
Stock-based compensation expense, before tax (in dollars) 57 57 0 0 0 0
Common shares repurchased: three months: 4,774,613 in 2018 and 10,335,410 in 2019; nine months: 12,804,035 in 2018 and 25,792,061 in 2019 [2] (1,246) 0 (1,246) 0 0 0
Other 74 72 0 2 0 0
Balance at Sep. 30, 2019 $ 14,993 $ 5,951 $ (23,693) $ 34,477 $ (1,783) $ 41
[1] Dividends per share of common stock of $1.89 and $1.64 were declared in the nine months ended September 30, 2019 and 2018, respectively.
[2] See Note 12 for additional information.
[3] See Note 2 for additional information.