Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.10.0.1
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2018
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, 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

Shares acquired
 
—

 
7.9

 
—

Shares issued
 
—

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

 
64.4

 
0.4

Repurchases of common stock For the year ended December 31, 2018, we made the following purchases under our stock repurchase programs:
In millions (except per share amounts)
For each quarter ended
 
2018 Shares Purchased
 
Average Cost
Per Share
 
Total Cost of
Repurchases
 
Cash Paid for Shares Not Received
 
Remaining
Authorized
Capacity (1)
November 2015, $1 billion repurchase program
 
 

 
 

 
 

 
 
 
 

April 1
 
0.3

 
$
166.79

 
$
46

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
December 2016, $1 billion repurchase program
 
 
 
 
 
 
 
 
 
 
April 1
 
0.7

 
$
164.48

 
$
117

 
 
 
$
883

July 1
 
1.5

 
143.69

 
216

 
 
 
667

September 30
 
2.8

 
143.58

 
400

 
100

 
167

December 31
 
1.9

 
139.67

 
267

 
(100
)
 
—

Subtotal
 
6.9

 
144.68

 
1,000

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
October 2018, $2 billion repurchase program
 
 
 
 
 
 
 
 
 
 
December 31
 
0.7

 
$
139.85

 
$
94

 
 
 
$
1,906

 
 
 
 
 
 
 
 
 
 
 
Total
 
7.9

 
$
145.05

 
$
1,140

 
$
—

 
 

___________________________________________
(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.
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
 
 
2018
 
2017
 
2016
First quarter
 
$
1.08

 
$
1.025

 
$
0.975

Second quarter
 
1.08

 
1.025

 
0.975

Third quarter
 
1.14

 
1.08

 
1.025

Fourth quarter
 
1.14

 
1.08

 
1.025

Total
 
$
4.44

 
$
4.21

 
$
4.00