Stockholders' Equity

9 Months Ended

Sep. 30, 2011

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’Equity

The company’s Board of Directors authorized a $2,000 share buyback plan in June 2001. During the three months ended September 30, 2011, the company purchased and retired 8.8 million shares at a total cost of $400 under this plan. During the nine months ended September 30, 2011, the company purchased and retired 13.8 million shares at a total cost of $672 under this plan. During the three and nine months ended September 30, 2010, there were no purchases of stock under this plan. As of September 30, 2011, the company has purchased 39.7 million shares at a total cost of $1,884. In April 2011, the company's Board of Directors authorized a $2,000 share buyback plan. This plan will not commence until the plan authorized in June 2001 is completed. There is no expiration date on the current authorizations.

A summary of the changes in equity for the three and nine months ended September 30, 2011 and 2010 is provided below:

Consolidated Changes  in Equity for the Three Months Ended  September 30, 2011	Total			Comprehensive Income				Preferred Stock		Common Stock			Additional Paid-in Capital			Reinvested Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Noncontrolling Interests
Beginning balance	$	12,502		—				$	237	$	305		$	9,978		$	13,683		$	(5,453	)	$	(6,727	)	$	479
Comprehensive income:
Sale of a majority interest in a consolidated subsidiary	(3		)																						(3		)
Net income	460			$	460											452									8
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment	(348		)	(348		)													(348		)
Net revaluation and clearance of cash flow hedges to earnings	22			22															24						(2		)
Pension benefit plans	103			103															103
Other benefit plans	(10		)	(10		)													(10		)
Other comprehensive income (loss), net of tax:	(233		)	(233		)
Comprehensive income	227			$	227		1
Common dividends	(384		)													(382		)							(2		)
Preferred dividends	(3		)													(3		)
Common stock issued - compensation plans	85												85
Common stock repurchased	(400		)																			(400		)
Common stock retired	—									(2		)	(80		)	(318		)				400
Total Equity as of September 30, 2011	$	12,024						$	237	$	303		$	9,983		$	13,432		$	(5,684	)	$	(6,727	)	$	480

Consolidated Changes  in Equity for the Three Months Ended  September 30, 2010	Total			Comprehensive Income				Preferred Stock		Common Stock		Additional Paid-in Capital		Reinvested Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Noncontrolling Interests
Beginning balance	$	9,276						$	237	$	298	$	8,569	$	12,245		$	(5,796	)	$	(6,727	)	$	450
Comprehensive income:
Net income	369			$	369									367									2
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment	108			108													106						2
Net revaluation and clearance of cash flow hedges to earnings	1			1													1
Pension benefit plans	86			86													86
Other benefit plans	(8		)	(8		)											(8		)
Net unrealized gain on securities	1			1													1
Other comprehensive income (loss), net of tax:	188			188
Comprehensive income	557			$	557		1
Common dividends	(374		)											(374		)
Preferred dividends	(3		)											(3		)
Common stock issued - compensation plans	195									1		194
Total Equity as of September 30, 2010	$	9,651						$	237	$	299	$	8,763	$	12,235		$	(5,610	)	$	(6,727	)	$	454

_________________________________

1 Includes comprehensive income attributable to noncontrolling interests of $6 and $4 for the three months ended September 30, 2011 and 2010, respectively.

Consolidated Changes  in Equity for the Nine Months Ended  September 30, 2011	Total			Comprehensive Income				Preferred Stock		Common Stock			Additional Paid-in Capital			Reinvested Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Noncontrolling Interests
Beginning balance	$	9,743						$	237	$	301		$	9,227		$	12,030		$	(5,790	)	$	(6,727	)	$	465
Comprehensive income:
Sale of a majority interest in a consolidated subsidiary	(3		)																						(3		)
Net income	3,133			$	3,133											3,101									32
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment	(231		)	(231		)													(231		)
Net revaluation and clearance of cash flow hedges to earnings	56			56															61						(5		)
Pension benefit plans	305			305															305
Other benefit plans	(29		)	(29		)													(29		)
Other comprehensive income (loss), net of tax:	101			101
Comprehensive income	3,234			$	3,234		2
Common dividends	(1,159		)													(1,150		)							(9		)
Preferred dividends	(8		)													(8		)
Common stock issued - compensation plans	889									6			883
Common stock repurchased	(672		)																			(672		)
Common stock retired	—									(4		)	(127		)	(541		)				672
Total Equity as of September 30, 2011	$	12,024						$	237	$	303		$	9,983		$	13,432		$	(5,684	)	$	(6,727	)	$	480

Consolidated Changes  in Equity for the Nine Months Ended  September 30, 2010	Total			Comprehensive Income				Preferred Stock		Common Stock		Additional Paid-in Capital		Reinvested Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Noncontrolling Interests
Beginning balance	$	7,651						$	237	$	297	$	8,469	$	10,710		$	(5,771	)	$	(6,727	)	$	436
Comprehensive income:
Net income	2,674			$	2,674									2,655									19
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment	(43		)	(43		)											(44		)				1
Net revaluation and clearance of cash flow hedges to earnings	(11		)	(11		)											(11		)
Pension benefit plans	253			253													253
Other benefit plans	(35		)	(35		)											(35		)
Net unrealized loss on securities	(2		)	(2		)											(2		)
Other comprehensive income (loss), net of tax:	162			162
Comprehensive income	2,836			$	2,836		2
Common dividends	(1,124		)											(1,122		)							(2		)
Preferred dividends	(8		)											(8		)
Common stock issued - compensation plans	296									2		294
Total Equity as of September 30, 2010	$	9,651						$	237	$	299	$	8,763	$	12,235		$	(5,610	)	$	(6,727	)	$	454

_________________________________

2 Includes comprehensive income attributable to noncontrolling interests of $27 and $20 for the nine months ended September 30, 2011 and 2010, respectively.