Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.8.0.1
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2017
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, 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

Shares acquired
 
—

 
7.3

 
—

Shares issued
 
—

 
(0.3
)
 
(0.2
)
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

Repurchases of common stock In 2017, we made the following purchases under the 2015 purchase programs:
In millions (except per share amounts)
For each quarter ended
 
2017 Shares Purchased
 
Average Cost
Per Share
 
Total Cost of
Repurchases
 
Remaining
Authorized
Capacity (1)
April 2
 
0.3

 
$
151.32

 
$
51

 
$
445

July 2
 
0.5

 
153.95

 
69

 
376

October 1
 
1.7

 
155.05

 
271

 
105

December 31
 
0.4

 
166.00

 
60

 
46

Total
 
2.9

 
$
155.81

 
$
451

 



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(1) The remaining authorized capacity under the 2015 plan was calculated based on the cost to purchase the shares but excludes commission expenses in accordance with the authorized plan.
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
 
 
2017
 
2016
 
2015
First quarter
 
$
1.025

 
$
0.975

 
$
0.78

Second quarter
 
1.025

 
0.975

 
0.78

Third quarter
 
1.08

 
1.025

 
0.975

Fourth quarter
 
1.08

 
1.025

 
0.975

Total
 
$
4.21

 
$
4.00

 
$
3.51