Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.6.0.2
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2016
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, 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

Shares acquired
 
—

 
7.2

 
—

Shares issued
 
0.1

 
(0.1
)
 
(0.2
)
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

Repurchases of common stock
In 2016, we made the following purchases under the respective purchase programs:
In millions (except per share amounts)
For each quarter ended
 
2016 Shares Purchased
 
Average Cost
Per Share
 
Total Cost of
Repurchases
 
Cash Paid for Shares Not Received
 
Remaining
Authorized
Capacity (1)
July 2014, $1 billion repurchase program
 
 
 
 
 
 
 
 
 
 
April 3
 
2.7

 
$
100.12

 
$
274

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
November 2015, $1 billion repurchase program
 
 
 
 
 
 
 
 
 
 
April 3
 
2.2

 
$
105.50

 
$
229

 
$
100

 
$
671

July 3
 
1.8

 
109.79

 
192

 
(100
)
 
579

October 2
 
0.4

 
126.13

 
50

 
—

 
529

December 31
 
0.2

 
130.70

 
33

 
—

 
496

Subtotal
 
4.6

 
110.29

 
504

 
—

 


Total
 
7.3

 
$
106.48

 
$
778

 
$
—

 



___________________________________________
(1) The remaining authorized capacity under the 2015 Plan 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
 
 
2016
 
2015
 
2014
First quarter
 
$
0.975

 
$
0.78

 
$
0.625

Second quarter
 
0.975

 
0.78

 
0.625

Third quarter
 
1.025

 
0.975

 
0.78

Fourth quarter
 
1.025

 
0.975

 
0.78

Total
 
$
4.00

 
$
3.51

 
$
2.81