Noncontrolling Interests

12 Months Ended

Dec. 31, 2015

Ownership interests in the company’s subsidiaries held by parties other than the parent are presented separately from the parent’s equity on the Consolidated Balance Sheet. The amount of consolidated net income attributable to the parent and the noncontrolling interests are both presented on the face of the Consolidated Statement of Income. The term “earnings” is defined as “Net Income Attributable to Chevron Corporation.”

Activity for the equity attributable to noncontrolling interests for 2015, 2014 and 2013 is as follows:



	2015			2014			2013
Balance at January 1	$	1,163		$	1,314		$	1,308
Net income	123			69			174
Distributions to noncontrolling interests	(128		)	(47		)	(99		)
Other changes, net	12			(173		)	(69		)
Balance at December 31	$	1,170		$	1,163		$	1,314