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Shareholders' Equity
 12 Months Ended
Dec. 31, 2014
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
SHAREHOLDERS’ EQUITY
Authorized Stock. Our authorized capital stock consists of 500 million shares of $1 per share par value common stock and 50 million shares of $1 per share par value preferred stock. The preferred stock is issuable in series, with the rights, preferences and limitations of each series to be determined by our board of directors.
Shares Issued and Outstanding. On December 31, 2014, we had 481,880,634 shares of common stock issued and 332,164,097 shares of common stock outstanding, including unvested restricted stock of 1,721,938 shares. On December 31, 2013, we had 481,880,634 shares of common stock issued and 353,402,794 shares of common stock outstanding. No shares of our preferred stock were outstanding on either date. The only changes in our shares outstanding during 2014 resulted from shares repurchased in the open market and share activity under our equity compensation plans (see Note O for further discussion).
Share Repurchases. In 2014, we repurchased 29 million of our outstanding shares. Of this amount, 11.4 million shares were repurchased on January 24, 2014, for $1.4 billion under an accelerated share repurchase (ASR) program facilitated through a financial institution. On February 5, 2014, with shares from the prior authorization largely exhausted by the ASR program, the board of directors authorized management to repurchase 20 million additional shares of common stock on the open market. Subsequently, we repurchased an additional 17.6 million shares for approximately $2 billion. On December 31, 2014, 2.4 million shares remained authorized by our board of directors for repurchase, less than 1 percent of our total shares outstanding.
Dividends per Share. Dividends declared per share were $2.48 in 2014, $2.24 in 2013 and $2.04 in 2012. Cash dividends paid were $822 in 2014, $591 in 2013 and $893 in 2012. In advance of possible tax increases in 2013, we accelerated our first-quarter 2013 dividend payment to December 2012.
Accumulated Other Comprehensive Loss. The changes, pretax and net of tax, in each component of accumulated other comprehensive loss (AOCL) consisted of the following:
 
Gains (Losses) on Cash Flow Hedges
Unrealized Gains on Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCL
Balance, December 31, 2011
$
26

$
3

$
821

$
(3,162
)
$
(2,312
)
Other comprehensive (loss) income, pretax
(23
)
6

141

(1,149
)
(1,025
)
(Benefit) provision for income tax, net
(3
)
2

(130
)
(431
)
(562
)
Other comprehensive (loss) income, net of tax
(20
)
4

271

(718
)
(463
)
Balance, December 31, 2012
6

7

1,092

(3,880
)
(2,775
)
Other comprehensive income (loss), pretax
3

12

(118
)
2,595

2,492

Provision for income tax, net
—

4

—

898

902

Other comprehensive income (loss), net of tax
3

8

(118
)
1,697

1,590

Balance, December 31, 2013
9

15

974

(2,183
)
(1,185
)
Other comprehensive (loss) income, pretax
(279
)
10

(436
)
(1,745
)
(2,450
)
(Benefit) provision for income tax, net
(97
)
3

(3
)
(606
)
(703
)
Other comprehensive income (loss), net of tax
(182
)
7

(433
)
(1,139
)
(1,747
)
Balance, December 31, 2014
$
(173
)
$
22

$
541

$
(3,322
)
$
(2,932
)


Amounts reclassified out of AOCL related primarily to changes in retirement plans' funded status and included pretax recognized net actuarial losses of $329 and $435 for the years ended December 31, 2014 and 2013, respectively. This was partially offset by pretax amortization of prior service credit of $69 and $60 for the years ended December 31, 2014 and 2013, respectively. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note P for additional details.