Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.3.1.900
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2015
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, 2012
 
222.4

 
32.6

 
1.5

Shares acquired
 
—

 
3.3

 
—

Shares issued
 
0.1

 
(0.3
)
 
(0.2
)
Other shareholder transactions
 
(0.2
)
 
—

 
—

Balance at December 31, 2013
 
222.3

 
35.6

 
1.3

Shares acquired
 
—

 
4.8

 
—

Shares issued
 
0.1

 
(0.3
)
 
(0.2
)
Other shareholder transactions
 
(0.1
)
 
—

 
—

Balance at December 31, 2014
 
222.3

 
40.1

 
1.1

Shares acquired
 
—

 
7.2

 
—

Shares issued
 
0.1

 
(0.1
)
 
(0.2
)
Balance at December 31, 2015
 
222.4

 
47.2

 
0.9

Repurchases of common stock
In 2015, we made the following purchases under the respective purchase programs:
In millions (except per share amounts)
For each quarter ended
 
2015 Shares Purchased
 
Average Cost
Per Share
 
Total Cost of
Repurchases
 
Remaining
Authorized
Capacity (1)
December 2012, $1 billion repurchase program
 
 
 
 
 
 
 
 
March 29
 
1.0

 
$
138.15

 
$
137

 
$
37

June 28
 
0.3

 
136.68

 
37

 
—

Subtotal
 
1.3

 
137.83

 
174

 
 
 
 
 
 
 
 
 
 
 
July 2014, $1 billion repurchase program
 
 
 
 
 
 
 
 
June 28
 
2.4

 
140.04

 
340

 
660

September 27
 
1.1

 
127.77

 
136

 
524

December 31
 
2.4

 
100.57

 
250

 
274

Subtotal
 
5.9

 
121.44

 
726

 


Total
 
7.2

 
124.30

 
$
900

 



___________________________________________
(1) The remaining authorized capacities under the 2012 and 2014 Plans were calculated based on the cost to purchase the shares, but exclude commission expenses in accordance with the authorized Plans.
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
 
 
2015
 
2014
 
2013
First quarter
 
$
0.78

 
$
0.625

 
$
0.50

Second quarter
 
0.78

 
0.625

 
0.50

Third quarter
 
0.975

 
0.78

 
0.625

Fourth quarter
 
0.975

 
0.78

 
0.625

Total
 
$
3.51

 
$
2.81

 
$
2.25