Consolidated Statements of Changes in Stockholders’ Equity

Years ended December 31, 2018, 2017 and 2016 ($ in millions)

Common stock

Additional paid-in capital

Retained earnings

Accu­mulated other comprehensive loss

Treasury stock

Total ABB stock­holders’ equity

Non­controlling interests

Total stock­holders’ equity

Due to rounding, numbers presented may not add to the totals provided.

See accompanying Notes to the Consolidated Financial Statements.

Balance at January 1, 2016

1,440

4

20,476

(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)

(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

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

 

 

 

10

 

10

 

10

Total comprehensive income

 

 

 

 

 

1,570

118

1,688

Changes in noncontrolling interests

 

 

 

 

 

(1)

(1)

Dividends to noncontrolling shareholders

 

 

 

 

 

(122)

(122)

Share-based payment arrangements

 

54

 

 

 

54

 

54

Reduction in nominal value of common shares paid to shareholders

(1,239)

15

(402)

 

 

(1,626)

 

(1,626)

Cancellation of treasury shares

(9)

(31)

(2,007)

 

2,047

 

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

192

24

19,925

(5,187)

(1,559)

13,395

502

13,897

Comprehensive income:

 

 

 

 

 

 

 

 

Net income

 

 

2,213

 

 

2,213

152

2,365

Foreign currency translation adjustments, net of tax

 

 

 

899

 

899

25

924

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

 

 

 

1

 

1

 

1

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

 

 

 

(71)

 

(71)

 

(71)

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

 

 

 

13

 

13

 

13

Total comprehensive income

 

 

 

 

 

3,055

177

3,232

Changes in noncontrolling interests

 

17

 

 

 

17

(14)

3

Dividends to noncontrolling shareholders

 

 

 

 

 

(134)

(134)

Dividends paid to shareholders

 

 

(1,622)

 

 

(1,622)

 

(1,622)

Share-based payment arrangements

 

58

 

 

 

58

 

58

Cancellation of treasury shares

(4)

(27)

(922)

 

953

 

Purchase of treasury stock

 

 

 

 

(251)

(251)

 

(251)

Delivery of shares

 

(46)

 

 

209

163

 

163

Call options

 

4

 

 

 

4

 

4

Balance at December 31, 2017

188

29

19,594

(4,345)

(647)

14,819

530

15,349

Cumulative effect of changes in accounting principles

 

 

(192)

(9)

 

(201)

 

(201)

Comprehensive income:

 

 

 

 

 

 

 

 

Net income

 

 

2,173

 

 

2,173

125

2,298

Foreign currency translation adjustments, net of tax

 

 

 

(631)

 

(631)

(15)

(646)

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

 

 

 

(3)

 

(3)

 

(3)

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

 

 

 

(295)

 

(295)

 

(295)

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

 

 

 

(28)

 

(28)

 

(28)

Total comprehensive income

 

 

 

 

 

1,216

110

1,326

Changes in noncontrolling interests

 

(4)

 

 

 

(4)

(19)

(23)

Noncontrolling interests recognized in connection with business combination

 

 

 

 

 

107

107

Dividends to noncontrolling shareholders

 

 

 

 

 

(146)

(146)

Dividends paid to shareholders

 

 

(1,736)

 

 

(1,736)

 

(1,736)

Share-based payment arrangements

 

60

 

 

 

60

 

60

Purchase of treasury stock

 

 

 

 

(249)

(249)

 

(249)

Delivery of shares

 

(35)

 

 

77

42

 

42

Call options

 

5

 

 

 

5

 

5

Balance at December 31, 2018

188

56

19,839

(5,311)

(820)

13,952

582

14,534