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Shareholders' Equity
 12 Months Ended
Dec. 31, 2015
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, 2015, we had 481,880,634 shares of common stock issued and 312,987,277 shares of common stock outstanding, including unvested restricted stock of 1,391,275 shares. On December 31, 2014, we had 481,880,634 shares of common stock issued and 332,164,097 shares of common stock outstanding. No shares of our preferred stock were outstanding on either date. The only changes in our shares outstanding during 2015 and 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. Our board of directors authorizes management’s repurchase of shares of common stock on the open market from time to time. In 2015, the board of directors authorized management to repurchase an aggregate of 30 million shares. Accordingly, we repurchased 22.8 million of our outstanding shares for $3.2 billion in 2015. On December 31, 2015, 9.6 million shares remained authorized by our board of directors for repurchase, approximately 3 percent of our total shares outstanding. We repurchased 29 million shares for a total of $3.4 billion in 2014 and 9.4 million shares for a total of $740 in 2013.
Dividends per Share. Dividends declared per share were $2.76 in 2015, $2.48 in 2014 and $2.24 in 2013. Cash dividends paid were $873 in 2015, $822 in 2014 and $591 in 2013. We did not pay any dividends in the first three months of 2013 because we accelerated our first-quarter dividend payment to December 2012.
Accumulated Other Comprehensive Loss. The changes, pretax and net of tax, in each component of 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
December 31, 2012
$
6

$
7

$
1,092

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

12

(118
)
2,595

2,492

Provision for income tax, net
—

4

—

898

902

Other comprehensive income, net of tax
3

8

(118
)
1,697

1,590

December 31, 2013
9

15

974

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

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

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

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

541

(3,322
)
(2,932
)
Other comprehensive loss, pretax
(394
)
(2
)
(374
)
500

(270
)
Provision for income tax, net
(80
)
—

(11
)
175

84

Other comprehensive loss, net of tax
(314
)
(2
)
(363
)
325

(354
)
December 31, 2015
$
(487
)
$
20

$
178

$
(2,997
)
$
(3,286
)

Amounts reclassified out of AOCL related primarily to changes in retirement plans' funded status and consisted of pretax recognized net actuarial losses of $423 in 2015 and $329 in 2014. This was offset partially by pretax amortization of prior service credit of $72 in 2015 and $69 in 2014. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note P for additional details.