Chevron 2014 Annual Report Download - page 37

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Consolidated Statement of Equity
Shares in thousands; amounts in millions of dollars
2014 2013 2012
Shares Amount Shares Amount Shares Amount
Preferred Stock —$ — —$ — —$ —
Common Stock 2,442,677 $ 1,832 2,442,677 $ 1,832 2,442,677 $ 1,832
Capital in Excess of Par
Balance at January 1 $ 15,713 $ 15,497 $ 15,156
Treasury stock transactions 328 216 341
Balance at December 31 $ 16,041 $ 15,713 $ 15,497
Retained Earnings
Balance at January 1 $ 173,677 $ 159,730 $ 140,399
Net income attributable to Chevron Corporation 19,241 21,423 26,179
Cash dividends on common stock (7,928) (7,474) (6,844)
Stock dividends (3) (3) (3)
Tax (charge) benefit from dividends paid on
unallocated ESOP shares and other —1 (1)
Balance at December 31 $ 184,987 $ 173,677 $ 159,730
Accumulated Other Comprehensive Loss
Currency translation adjustment
Balance at January 1 $ (23) $ (65) $ (88)
Change during year (73) 42 23
Balance at December 31 $ (96) $ (23) $ (65)
Unrealized net holding (loss) gain on securities
Balance at January 1 $ (6) $1 $—
Change during year (2) (7) 1
Balance at December 31 $ (8) $ (6) $ 1
Net derivatives gain (loss) on hedge transactions
Balance at January 1 $52 $ 125 $ 122
Change during year (54) (73) 3
Balance at December 31 $ (2) $ 52 $ 125
Pension and other postretirement benefit plans
Balance at January 1 $ (3,602) $ (6,430) $ (6,056)
Change during year (1,151) 2,828 (374)
Balance at December 31 $ (4,753) $ (3,602) $ (6,430)
Balance at December 31 $ (4,859) $ (3,579) $ (6,369)
Deferred Compensation and Benefit Plan Trust
Deferred Compensation
Balance at January 1 $— $ (42) $ (58)
Net reduction of ESOP debt and other —42 16
Balance at December 31 $— $ — $ (42)
Benefit Plan Trust (Common Stock) 14,168 (240) 14,168 (240) 14,168 (240)
Balance at December 31 14,168 $ (240) 14,168 $ (240) 14,168 $ (282)
Treasury Stock at Cost
Balance at January 1 529,074 $ (38,290) 495,979 $ (33,884) 461,510 $ (29,685)
Purchases 41,592 (5,006) 41,676 (5,004) 46,669 (5,004)
Issuances - mainly employee benefit plans (7,638) 563 (8,581) 598 (12,200) 805
Balance at December 31 563,028 $ (42,733) 529,074 $ (38,290) 495,979 $ (33,884)
Total Chevron Corporation Stockholders’ Equity
at December 31 $ 155,028 $ 149,113 $ 136,524
Noncontrolling Interests $ 1,163 $ 1,314 $ 1,308
Total Equity $ 156,191 $ 150,427 $ 137,832
See accompanying Notes to the Consolidated Financial Statements.
Chevron Corporation 2014 Annual Report 35