Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.19.3.a.u2
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Changes in shares of common stock, treasury stock and common stock held in trust for employee benefit plans
Changes in shares of common stock, treasury stock and common stock held in trust for employee benefit plans were as follows:
In millions
 
Common
Stock
 
Treasury
Stock
 
Common Stock
Held in Trust
Balance at December 31, 2016
 
222.4

 
54.2

 
0.7

Shares acquired
 
—

 
2.9

 
—

Shares issued
 
—

 
(0.4
)
 
(0.2
)
Balance at December 31, 2017
 
222.4

 
56.7

 
0.5

Shares acquired
 
—

 
7.9

 
—

Shares issued
 
—

 
(0.2
)
 
(0.1
)
Balance at December 31, 2018
 
222.4

 
64.4

 
0.4

Shares acquired
 
—

 
8.1

 
—

Shares issued
 
—

 
(0.8
)
 
(0.2
)
Balance at December 31, 2019
 
222.4

 
71.7

 
0.2


Repurchases of common stock or the year ended December 31, 2019, we made the following purchases under the 2018 stock repurchase program:
In millions (except per share amounts)
For each quarter ended
 
2019 Shares Purchased
 
Average Cost
Per Share
 
Total Cost of
Repurchases
 
Remaining
Authorized
Capacity (1)
March 31
 
0.7

 
$
137.80

 
$
100

 
$
1,806

June 30
 
—

 
—

 
—

 
1,806

September 29
 
4.6

 
152.57

 
706

 
1,100

December 31
 
2.8

 
167.82

 
465

 
635

Total
 
8.1

 
156.46

 
$
1,271

 
 
___________________________________________
(1) The remaining authorized capacity under these plans was calculated based on the cost to purchase the shares but excludes commission expenses in accordance with the authorized plan.  
I
Dividends per share paid to common shareholders Cash dividends per share paid to common shareholders for the last three years were as follows:
 
 
Quarterly Dividends
 
 
2019
 
2018
 
2017
First quarter
 
$
1.14

 
$
1.08

 
$
1.025

Second quarter
 
1.14

 
1.08

 
1.025

Third quarter
 
1.311

 
1.14

 
1.08

Fourth quarter
 
1.311

 
1.14

 
1.08

Total
 
$
4.90

 
$
4.44

 
$
4.21