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