Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v2.4.1.9
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2014
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, 2011
 
222.2

 
30.2

 
1.8

Shares acquired
 
—

 
2.6

 
—

Shares issued
 
0.4

 
(0.2
)
 
(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
)
 
(0.2
)
Other shareholder transactions
 
(0.2
)
 
—

 
—

Balance at December 31, 2013
 
222.3

 
35.6

 
1.3

Shares acquired
 
—

 
4.8

 
—

Shares issued
 
0.1

 
(0.3
)
 
(0.2
)
Other shareholder transactions
 
(0.1
)
 
—

 
—

Balance at December 31, 2014
 
222.3

 
40.1

 
1.1

Repurchases of common stock
In 2014, quarterly purchases under the repurchase program were as follows:
In millions (except per share amounts)
For each quarter ended
 
2014 Shares Purchased
 
Average Cost
Per Share
 
Total Cost of
Repurchases
 
Remaining
Authorized
Capacity (1)
December 2012, $1 billion repurchase program
 
 
 
 
 
 
 
 
March 30
 
3.0

 
$
139.70

 
$
419

 
$
425

June 29
 
0.1

 
148.11

 
11

 
415

September 28
 
1.2

 
139.76

 
175

 
240

December 31
 
0.5

 
132.66

 
65

 
174

Total
 
4.8

 
139.12

 
$
670

 
174


___________________________________________
(1) The remaining authorized capacity is calculated based on the cost to purchase the shares, but excludes commission expenses according to the Board of Directors authorization.
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
 
 
2014
 
2013
 
2012
First quarter
 
$
0.625

 
$
0.50

 
$
0.40

Second quarter
 
0.625

 
0.50

 
0.40

Third quarter
 
0.78

 
0.625

 
0.50

Fourth quarter
 
0.78

 
0.625

 
0.50

Total
 
$
2.81

 
$
2.25

 
$
1.80