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Statements of Consolidated Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Tesoro Corporation Stockholders’ Equity
Non-controlling Interest
Amount at Dec. 31, 2011 $ 3,978 $ 25 $ 1,000 $ 2,944 $ (226) $ (75)   $ 310
Net earnings 770 0 0 743 0 0   27
Purchases of common stock (126) 0 0 0 (126) 0   0
Allocated equity on Tesoro Logistics LP common unit issuance 171 0 (3) 0 0 0   174
Shares issued for equity-based compensation awards 29 0 34 0 (5) 0   0
Excess tax benefits from stock-based compensation arrangements 5 0 5 0 0 0   0
Amortization of equity settled awards 34 0 32 0 1 0   1
Dividend payments (38) 0 0 (38) 0 0   0
Distributions to noncontrolling interest (26) 0 0 0 0 0   (26)
Other comprehensive (income) loss, net of tax (62) 0 0 0 0 (62)   0
Other 2 0 2 0 0 0   0
Amount at Dec. 31, 2012 4,737 $ 25 1,070 3,649 $ (356) (137)   486
Amount (shares) at Dec. 31, 2011   150.7     (10.8)      
Purchases of common stock (shares)   0.0     (3.5)      
Shares issued for equity-based compensation awards (shares)   1.9     (0.1)      
Amount (shares) at Dec. 31, 2012   152.6     (14.4)      
Net earnings 454 $ 0 0 412 $ 0 0   42
Purchases of common stock (436) 0 0 0 (436) 0   0
Additional noncontrolling interest from Rockies Natural Gas Business [1]               0
Allocated equity on Tesoro Logistics LP common unit issuance 702 0 (10) 0 0 0   712
Shares issued for equity-based compensation awards 67 1 72 0 (6) 0   0
Excess tax benefits from stock-based compensation arrangements 11 0 11 0 0 0   0
Amortization of equity settled awards 43 0 41 0 0 0   2
Dividend payments (121) 0 0 (121) 0 0   0
Distributions to noncontrolling interest (59) 0 0 0 0 0   (59)
Other comprehensive (income) loss, net of tax 85 0 0 0 0 85   0
Other 2 0 2 0 0 0   0
Amount at Dec. 31, 2013 5,485 $ 26 1,186 3,940 $ (798) (52)   1,183
Purchases of common stock (shares)   0.0     (8.4)      
Shares issued for equity-based compensation awards (shares)   2.1     (0.1)      
Amount (shares) at Dec. 31, 2013   154.7     (22.9)      
Net earnings 888 $ 0 0 843 $ 0 0   45
Purchases of common stock (500) 0 0 0 (500) 0   0
Additional noncontrolling interest from Rockies Natural Gas Business 432 0 0 0 0 0   432 [1]
Allocated equity on Tesoro Logistics LP common unit issuance 949 0 (11) 0 0 0   960
Shares issued for equity-based compensation awards (3) 0 19 0 (22) 0   0
Excess tax benefits from stock-based compensation arrangements 20 0 20 0 0 0   0
Amortization of equity settled awards 38 0 36 0 0 0   2
Dividend payments (141) 0 0 (141) 0 0   0
Distributions to noncontrolling interest (96) 0 0 0 0 0   (96)
Other comprehensive (income) loss, net of tax (97) 0 0 0 0 (97)   0
Other 1 0 5 0 0 0   (4)
Amount at Dec. 31, 2014 6,976 [2] $ 26 $ 1,255 $ 4,642 $ (1,320) $ (149) $ 4,454 [2] 2,522 [2]
Purchases of common stock (shares)   0.0     (8.4)      
Shares issued for equity-based compensation awards (shares)   1.9     (0.4)      
Amount (shares) at Dec. 31, 2014   156.6     (31.7)      
Net earnings 188           145 43
Purchases of common stock (19)           (19) 0
Shares issued for equity-based compensation awards [3] 6           6 0
Excess tax benefits from stock-based compensation arrangements 31           31 0
Distributions to noncontrolling interest (44)           0 (44)
Other (1)           (1) 0
Amount at Mar. 31, 2015 [2] $ 7,078           $ 4,541 $ 2,537
Purchases of common stock (shares) (0.3)              
Shares issued for stock option exercises $ 6              
Shares issued for stock option exercises (shares) 0.2              
[1] Represents the preliminary fair value of noncontrolling interest related to QEPM and RGS that was recognized as part TLLP’s purchase price allocation for the Rockies Natural Gas Business acquisition.
[2] We have 5.0 million shares of preferred stock authorized with no par value per share. No shares of preferred stock were outstanding as of March 31, 2015 and December 31, 2014.
[3] We issued approximately 0.2 million shares and less than 0.1 million shares for proceeds of $6 million and $1 million primarily for stock option exercises under our equity-based compensation plans during the three months ended March 31, 2015 and 2014, respectively.