Annual report pursuant to Section 13 and 15(d)

SHAREOWNERS' EQUITY (Tables)

v2.4.0.6
SHAREOWNERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2012
Stockholders' Equity Note [Abstract]  
Roll-forward of Common Stock, Additional Paid-in Capital, and Retained Earnings Accounts
The following is a rollforward of our common stock, additional paid-in capital, and retained earnings accounts (in millions, except per share amounts):
 
2012
 
2011
 
2010
 
Shares
 
Dollars
 
Shares
 
Dollars
 
Shares
 
Dollars
Class A Common Stock
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
240

 
$
3

 
258

 
$
3

 
285

 
$
3

Common stock purchases
(9
)
 
—

 
(7
)
 
—

 
(6
)
 
—

Stock award plans
8

 
—

 
7

 
—

 
6

 
—

Common stock issuances
3

 
—

 
3

 
—

 
3

 
—

Conversions of class A to class B common stock
(17
)
 
—

 
(21
)
 
—

 
(30
)
 
—

Class A shares issued at end of year
225

 
$
3

 
240

 
$
3

 
258

 
$
3

Class B Common Stock
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
725

 
$
7

 
735

 
$
7

 
711

 
$
7

Common stock purchases
(13
)
 
—

 
(31
)
 
—

 
(6
)
 
—

Conversions of class A to class B common stock
17

 
—

 
21

 
—

 
30

 
—

Class B shares issued at end of year
729

 
$
7

 
725

 
$
7

 
735

 
$
7

Additional Paid-In Capital
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
 
 
$
—

 
 
 
$
—

 
 
 
$
2

Stock award plans
 
 
444

 
 
 
388

 
 
 
398

Common stock purchases
 
 
(943
)
 
 
 
(475
)
 
 
 
(649
)
Common stock issuances
 
 
293

 
 
 
287

 
 
 
249

Option Premiums Received (Paid)
 
 
206

 
 
 
(200
)
 
 
 
—

Balance at end of year
 
 
$
—

 
 
 
$
—

 
 
 
$
—

Retained Earnings
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
 
 
$
10,128

 
 
 
$
10,604

 
 
 
$
9,335

Net income attributable to controlling interests
 
 
807

 
 
 
3,804

 
 
 
3,338

Dividends ($2.28, $2.08 and $1.88 per share)
 
 
(2,243
)
 
 
 
(2,086
)
 
 
 
(1,909
)
Common stock purchases
 
 
(695
)
 
 
 
(2,194
)
 
 
 
(160
)
Balance at end of year
 
 
$
7,997

 
 
 
$
10,128

 
 
 
$
10,604

Activity in Accumulated Other Comprehensive Income (Loss)
The activity in AOCI is as follows (in millions):

 
2012
 
2011
 
2010
Foreign currency translation gain (loss):
 
 
 
 
 
Balance at beginning of year
$
(160
)
 
$
(68
)
 
$
37

Aggregate adjustment for the year (net of tax effect of $(9), $11 and $(34))
294

 
(92
)
 
(105
)
Balance at end of year
134

 
(160
)
 
(68
)
Unrealized gain (loss) on marketable securities, net of tax:
 
 
 
 
 
Balance at beginning of year
6

 
12

 
(27
)
Current period changes in fair value (net of tax effect of $4, $11 and $17)
6

 
18

 
30

Reclassification to earnings (net of tax effect of $(3), $(14) and $6)
(6
)
 
(24
)
 
9

Balance at end of year
6

 
6

 
12

Unrealized gain (loss) on cash flow hedges, net of tax:
 
 
 
 
 
Balance at beginning of year
(204
)
 
(239
)
 
(200
)
Current period changes in fair value (net of tax effect of $(25), $(16) and $(4))
(43
)
 
(26
)
 
(7
)
Reclassification to earnings (net of tax effect of $(24), $37 and $(19))
(39
)
 
61

 
(32
)
Balance at end of year
(286
)
 
(204
)
 
(239
)
Unrecognized pension and postretirement benefit costs, net of tax:
 
 
 
 
 
Balance at beginning of year
(2,745
)
 
(2,340
)
 
(1,527
)
Reclassification to earnings (net of tax effect of $1,876, $378 and $150)
3,135

 
628

 
245

Net actuarial gain (loss) and prior service cost resulting from remeasurements of plan assets and liabilities (net of tax effect of $(2,151), $(622) and $(633))
(3,598
)
 
(1,033
)
 
(1,058
)
Balance at end of year
(3,208
)
 
(2,745
)
 
(2,340
)
Accumulated other comprehensive income (loss) at end of year
$
(3,354
)
 
$
(3,103
)
 
$
(2,635
)
Activity in Deferred Compensation Program
Activity in the deferred compensation program for the years ended December 31, 2012, 2011 and 2010 is as follows (in millions):
 
2012
 
2011
 
2010
 
Shares
 
Dollars
 
Shares
 
Dollars
 
Shares
 
Dollars
Deferred Compensation Obligations
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
 
 
$
88

 
 
 
$
103

 
 
 
$
108

Reinvested dividends
 
 
3

 
 
 
4

 
 
 
4

Options exercise deferrals
 
 
—

 
 
 
—

 
 
 
1

Benefit payments
 
 
(13
)
 
 
 
(19
)
 
 
 
(10
)
Balance at end of year
 
 
$
78

 
 
 
$
88

 
 
 
$
103

Treasury Stock
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
(2
)
 
$
(88
)
 
(2
)
 
$
(103
)
 
(2
)
 
$
(108
)
Reinvested dividends
—

 
(3
)
 
—

 
(4
)
 
—

 
(4
)
Options exercise deferrals
—

 
—

 
—

 
—

 
—

 
(1
)
Benefit payments
1

 
13

 
—

 
19

 
—

 
10

Balance at end of year
(1
)
 
$
(78
)
 
(2
)
 
$
(88
)
 
(2
)
 
$
(103
)
Activity Related to Noncontrolling Interests
The activity related to our noncontrolling interests is presented below (in millions):
 
2012
 
2011
 
2010
Noncontrolling Interests
 
 
 
 
 
Balance at beginning of period
$
73

 
$
68

 
$
66

Acquired noncontrolling interests
7

 
5

 
2

Dividends attributable to noncontrolling interests
—

 
—

 
—

Net income attributable to noncontrolling interests
—

 
—

 
—

Balance at end of period
$
80

 
$
73

 
$
68