Consolidated Statements of Changes in Stockholders’ Equity

 

 

 

Accumulated other comprehensive loss

 

 

 

 

Years ended December 31, 2015, 2014 and 2013 ($ in millions)

Capital stock and additional paid-in capital

Retained earnings

Foreign currency translation adjustments

Unrealized gains (losses) on available-for-sale securities

Pension and other post-retirement plan adjustments

Unrealized gains (losses) of cash flow hedge derivatives

Total accu­mulated other compre­hensive loss

Treasury
stock

Total ABB stock­holders’ equity

Non-
controlling
interests

Total
stock­holders’
equity

See accompanying Notes to the Consolidated Financial Statements

Balance at January 1, 2013

1,691

18,066

(580)

24

(2,004)

37

(2,523)

(328)

16,906

540

17,446

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

2,787

 

 

 

 

 

 

2,787

120

2,907

Foreign currency translation adjustments, net of tax

 

 

149

 

 

 

149

 

149

(8)

141

Effect of change in fair value of available-for-sale securities, net of tax

 

 

 

(17)

 

 

(17)

 

(17)

 

(17)

Unrecognized income (expense) related to pensions and other postretirement plans, net of tax

 

 

 

 

394

 

394

 

394

3

397

Change in derivatives qualifying as cash flow hedges, net of tax

 

 

 

 

 

(15)

(15)

 

(15)

 

(15)

Total comprehensive income

 

 

 

 

 

 

 

 

3,298

115

3,413

Changes in noncontrolling interests

(17)

 

 

 

 

 

 

 

(17)

25

8

Dividends paid to noncontrolling shareholders

 

 

 

 

 

 

 

 

(150)

(150)

Dividends paid

 

(1,667)

 

 

 

 

 

 

(1,667)

 

(1,667)

Share-based payment arrangements

71

 

 

 

 

 

 

 

71

 

71

Delivery of shares

(8)

 

 

 

 

 

 

82

74

 

74

Call options

13

 

 

 

 

 

 

 

13

 

13

Replacement options issued in connection with acquisition

2

 

 

 

 

 

 

 

2

 

2

Other

(2)

 

 

 

 

 

 

 

(2)

 

(2)

Balance at December 31, 2013

1,750

19,186

(431)

7

(1,610)

22

(2,012)

(246)

18,678

530

19,208

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

2,594

 

 

 

 

 

 

2,594

124

2,718

Foreign currency translation adjustments, net of tax

 

 

(1,671)

 

 

 

(1,671)

 

(1,671)

(9)

(1,680)

Effect of change in fair value of available-for-sale securities, net of tax

 

 

 

6

 

 

6

 

6

 

6

Unrecognized income (expense) related to pensions and other postretirement plans, net of tax

 

 

 

 

(521)

 

(521)

 

(521)

 

(521)

Change in derivatives qualifying as cash flow hedges, net of tax

 

 

 

 

 

(43)

(43)

 

(43)

 

(43)

Total comprehensive income

 

 

 

 

 

 

 

 

365

115

480

Changes in noncontrolling interests

(34)

 

 

 

 

 

 

 

(34)

33

(1)

Dividends paid to noncontrolling shareholders

 

 

 

 

 

 

 

 

(132)

(132)

Dividends paid

 

(1,841)

 

 

 

 

 

 

(1,841)

 

(1,841)

Share-based payment arrangements

73

 

 

 

 

 

 

 

73

 

73

Purchase of treasury stock

 

 

 

 

 

 

 

(1,015)

(1,015)

 

(1,015)

Delivery of shares

(17)

 

 

 

 

 

 

55

38

 

38

Call options

5

 

 

 

 

 

 

 

5

 

5

Balance at December 31, 2014

1,777

19,939

(2,102)

13

(2,131)

(21)

(4,241)

(1,206)

16,269

546

16,815

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

1,933

 

 

 

 

 

 

1,933

122

2,055

Foreign currency translation adjustments, net of tax

 

 

(1,033)

 

 

 

(1,033)

 

(1,033)

(25)

(1,058)

Effect of change in fair value of available-for-sale securities, net of tax

 

 

 

(6)

 

 

(6)

 

(6)

 

(6)

Unrecognized income (expense) related to pensions and other postretirement plans, net of tax

 

 

 

 

412

 

412

 

412

3

415

Change in derivatives qualifying as cash flow hedges, net of tax

 

 

 

 

 

10

10

 

10

 

10

Total comprehensive income

 

 

 

 

 

 

 

 

1,316

100

1,416

Changes in noncontrolling interests

(30)

(25)

 

 

 

 

 

 

(55)

(2)

(57)

Dividends paid to noncontrolling shareholders

 

 

 

 

 

 

 

 

(137)

(137)

Dividends paid

 

(1,317)

 

 

 

 

 

 

(1,317)

 

(1,317)

Reduction in nominal value of common shares paid to shareholders

(349)

(54)

 

 

 

 

 

 

(403)

 

(403)

Share-based payment arrangements

61

 

 

 

 

 

 

 

61

 

61

Purchase of treasury stock

 

 

 

 

 

 

 

(1,501)

(1,501)

 

(1,501)

Delivery of shares

(19)

 

 

 

 

 

 

126

107

 

107

Call options

4

 

 

 

 

 

 

 

4

 

4

Balance at December 31, 2015

1,444

20,476

(3,135)

7

(1,719)

(11)

(4,858)

(2,581)

14,481

507

14,988