Consolidated Statements of Changes in Stockholders’ Equity

 

 

 

 

Accumulated other comprehensive loss

 

 

 

 

 

Years ended December 31, 2016, 2015 and 2014 ($ 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, 2014

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

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

1,899

 

 

 

 

 

 

 

 

1,899

135

2,034

Foreign currency translation adjustments, net of tax

 

 

 

(457)

 

 

 

(457)

 

 

(457)

(17)

(474)

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

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

118

 

118

 

 

118

 

118

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

 

 

 

 

 

 

10

10

 

 

10

 

10

Total comprehensive income

 

 

 

 

 

 

 

 

 

 

1,570

118

1,688

Changes in noncontrolling interests

 

 

 

 

 

 

 

 

 

 

(1)

(1)

Dividends paid to noncontrolling shareholders

 

 

 

 

 

 

 

 

 

 

(122)

(122)

Reduction in nominal value of common shares paid to shareholders

(1,224)

(402)

 

 

 

 

 

 

 

 

(1,626)

 

(1,626)

Cancellation of treasury shares

(40)

(2,007)

 

 

 

 

 

 

 

2,047

 

Share-based payment arrangements

54

 

 

 

 

 

 

 

 

 

54

 

54

Purchase of treasury stock

 

 

 

 

 

 

 

 

 

(1,280)

(1,280)

 

(1,280)

Delivery of shares

(22)

(41)

 

 

 

 

 

 

 

255

192

 

192

Call options

4

 

 

 

 

 

 

 

 

 

4

 

4

Balance at December 31, 2016

216

19,925

 

(3,592)

7

(1,601)

(1)

(5,187)

 

(1,559)

13,395

502

13,897