Consolidated Statements of Changes in Stockholders’ Equity

 

 

 

Accumulated other comprehensive loss

 

 

 

 

Years ended December 31, 2014, 2013 and 2012 ($ in millions)

Capital stock and additional paid-in capital

Retained earnings

Foreign currency translation adjustment

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, 2012

1,621

16,988

(968)

20

(1,472)

12

(2,408)

(424)

15,777

559

16,336

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

Net income

 

2,704

 

 

 

 

 

 

2,704

108

2,812

Foreign currency translation adjustments, net of tax

 

 

388

 

 

 

388

 

388

(5)

383

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

 

 

 

4

 

 

4

 

4

 

4

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

 

 

 

 

(532)

 

(532)

 

(532)

(5)

(537)

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

 

 

 

 

 

25

25

 

25

 

25

Total comprehensive income

 

 

 

 

 

 

 

 

2,589

98

2,687

Changes in noncontrolling interests

 

 

 

 

 

 

 

 

6

6

Dividends paid to noncontrolling shareholders

 

 

 

 

 

 

 

 

(123)

(123)

Dividends paid

 

(1,626)

 

 

 

 

 

 

(1,626)

 

(1,626)

Share-based payment arrangements

60

 

 

 

 

 

 

 

60

 

60

Delivery of shares

(6)

 

 

 

 

 

 

96

90

 

90

Call options

10

 

 

 

 

 

 

 

10

 

10

Replacement options issued in connection with acquisition

5

 

 

 

 

 

 

 

5

 

5

Other

1

 

 

 

 

 

 

 

1

 

1

Balance at December 31, 2012

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

Purchases 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