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CONSOLIDATED STATEMENT OF EQUITY (USD $)
In Millions
Total
Common Stock [Member]
Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Noncontrolling Interests [Member]
Balance at Dec. 31, 2008 $ 19,156 $ 47 $ 5,696 $ 14,179 $ (686) $ (441) $ 361
Net income (loss) (103)     (135)     32
Common stock issued 1,550 3 1,547        
Dividends - common (176)     (176)      
Repurchase of common stock (35)       (35)    
Sale of subsidiary units [1] 115           115
Contributions from (distributions to) noncontrolling interest owners and other, net (21)           (21)
Reclassification of previously deferred derivative losses to net income 22 [2]         22  
Adjustments for pension and other postretirement plans (94)         (94)  
Other 1         1  
Balance at Dec. 31, 2009 20,415 50 7,243 13,868 (721) (512) 487
Net income (loss) 821     761     60
Common stock issued 254 1 253        
Dividends - common (180)     (180)      
Repurchase of common stock (42)       (42)    
Sale of subsidiary units [1] 295           295
Contributions from (distributions to) noncontrolling interest owners and other, net (87)           (87)
Reclassification of previously deferred derivative losses to net income 17 [2]         17  
Adjustments for pension and other postretirement plans (54)         (54)  
Balance at Dec. 31, 2010 21,439 51 7,496 14,449 (763) (549) 755
Net income (loss) (2,568)     (2,649)     81
Common stock issued 161   161        
Dividends - common (181)     (181)      
Repurchase of common stock (41)       (41)    
Sale of subsidiary units [1] 301   32       269
Conversion of subordinated limited partner units to common units [3]     162       (162)
Contributions from (distributions to) noncontrolling interest owners and other, net (65)           (65)
Reclassification of previously deferred derivative losses to net income 10 [2]         10  
Adjustments for pension and other postretirement plans (73)         (73)  
Balance at Dec. 31, 2011 $ 18,983 $ 51 $ 7,851 $ 11,619 $ (804) $ (612) $ 878
[1] Paid-in capital and noncontrolling interests includes $18 million and $9 million, respectively, of tax associated with subsidiary equity transactions for the year ended December 31, 2011. Noncontrolling interests includes $43 million and $5 million of tax associated with subsidiary equity transactions for the years ended December 31, 2010 and 2009, respectively.
[2] Net of income tax benefit (expense) of $(5) million, $(9) million, and $(12) million for the years ended December 31, 2011, 2010, and 2009, respectively.
[3] Includes $82 million of tax associated with subsidiary equity transactions that occurred prior to the conversion of subordinated limited partner units to common units.