Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v2.4.0.6
SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2011
SHAREHOLDERS' EQUITY  
Changes in shares of common stock, treasury stock and common stock held in trust for employee benefit plans

 

 

In millions
  Common
Stock
  Treasury
Stock
  Common Stock
Held in Trust
 

Balance at December 31, 2008

    221.7     20.4     5.1  

Shares acquired

        0.4      

Shares issued

    0.9     (0.1 )    

Employee benefits trust activity

            (2.1 )

Other shareholder transactions

    (0.6 )        
               

Balance at December 31, 2009

    222.0     20.7     3.0  
               

Shares acquired

        3.5      

Shares issued

    0.2     (0.2 )    

Employee benefits trust activity

            (0.9 )

Other shareholder transactions

    (0.4 )        
               

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  
               
Repurchases of common stock

 

 

In millions (except per share amounts)
  Shares
Purchased
  Average Cost
Per Share
  Total Cost of
Repurchases
  Remaining
Authorized
Capacity
 

2008

    2.3   $ 55.49   $ 128   $ 372  

2009

    0.4     46.52     20     352  

2010

    3.5     68.57     241     111  

2011

    1.1     104.47     111      
                       

Total

    7.3         $ 500        
                       

In 2011, we made the following quarterly purchases under the repurchase programs as indicated:

In millions (except per share amounts)
For each quarter ended
  2011
Shares
Purchased
  Average Cost
Per Share
  Total Cost of
Repurchases
  Remaining
Authorized
Capacity
 

December 2007, $500 million repurchase program

                         

March 27

    1.1   $ 104.47   $ 111   $  

February 2011, $1 billion repurchase program

                         

March 27

    0.8   $ 99.14     79   $ 921  

June 26

    1.6     110.49     183     738  

September 25

    1.9     89.55     173     565  

December 31

    1.0     88.17     83     482  
                     

Subtotal

    5.3   $ 97.26   $ 518   $ 482  
                     

Total

    6.4   $ 98.46   $ 629   $ 482  
                     
Dividends per share paid to common shareholders

 

 

 
  Quarterly Dividends  
 
  2011   2010   2009  

First quarter

  $ 0.2625   $ 0.175   $ 0.175  

Second quarter

    0.2625     0.175     0.175  

Third quarter

    0.40     0.2625     0.175  

Fourth quarter

    0.40     0.2625     0.175  
               

Total

  $ 1.325   $ 0.875   $ 0.70  
               
Employee Benefits Trust

 

 

In millions
  2011   2010   2009  

EBT shares sold on open market

        0.7     1.5  

Proceeds from sale

  $   $ 58   $ 72