Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v2.4.0.8
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2013
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 are as follows:
In millions
 
Common
Stock
 
Treasury
Stock
 
Common Stock
Held in Trust
Balance at December 31, 2010
 
221.8

 
24.0

 
2.1

Shares acquired
 
—

 
6.4

 
—

Shares issued
 
0.4

 
(0.2
)
 
—

Employee benefits trust activity
 
—

 
—

 
(0.3
)
Balance at December 31, 2011
 
222.2

 
30.2

 
1.8

Shares acquired
 
—

 
2.6

 
—

Shares issued
 
0.4

 
(0.2
)
 
—

Employee benefits trust activity
 
—

 
—

 
(0.3
)
Other shareholder transactions
 
(0.2
)
 
—

 
—

Balance at December 31, 2012
 
222.4

 
32.6

 
1.5

Shares acquired
 
—

 
3.3

 
—

Shares issued
 
0.1

 
(0.3
)
 
—

Employee benefits trust activity
 
—

 
—

 
(0.2
)
Other shareholder transactions
 
(0.2
)
 
—

 
—

Balance at December 31, 2013
 
222.3

 
35.6

 
1.3

Repurchases of common stock
In 2013, we made the following quarterly purchases under the repurchase programs indicated:
In millions (except per share amounts)
For each quarter ended
 
2013 Shares Purchased
 
Average Cost
Per Share
 
Total Cost of
Repurchases
 
Remaining
Authorized
Capacity
February 2011, $1 billion repurchase program
 
 
 
 
 
 
 
 
March 31
 
—

 
$
—

 
$
—

 
$
226

June 30
 
2.0

 
113.44

 
226

 
—

Subtotal
 
2.0

 
113.44

 
226

 
—

December 2012, $1 billion repurchase program
 
 
 
 
 
 
 
 
June 30
 
0.6

 
107.74

 
63

 
937

September 29
 
—

 
—

 
—

 
937

December 31
 
0.7

 
129.18

 
92

 
845

Subtotal
 
1.3

 
119.54

 
155

 
845

Total
 
3.3

 
$
115.85

 
$
381

 
$
845

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
 
 
2013
 
2012
 
2011
First quarter
 
$
0.50

 
$
0.40

 
$
0.2625

Second quarter
 
0.50

 
0.40

 
0.2625

Third quarter
 
0.625

 
0.50

 
0.40

Fourth quarter
 
0.625

 
0.50

 
0.40

Total
 
$
2.25

 
$
1.80

 
$
1.325