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Stockholders' Equity
 6 Months Ended
Jun. 30, 2012
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity
There were no cash dividends declared during the three and six months ended June 30, 2012 and 2011.
As of August 2007, 30 million shares were authorized by our Board of Directors to repurchase outstanding shares of common stock through open market purchases. As a result of the two-for-one stock split on March 31, 2011, the authorization was increased to 60 million shares. In December 2011, the Board of Directors authorized an extension of our repurchase program, adding 15 million shares, for a total of 75 million shares.
Repurchase of shares of common stock was as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 June 30,
 
 June 30,
(In millions, except share data)
2012
 
2011
 
2012
 
2011
Shares of common stock repurchased
511,000

 
149,046

 
521,000

 
176,046

Value of common stock repurchased
$
20.5

 
$
6.1

 
$
21.0

 
$
7.2


As of June 30, 2012, approximately 16.8 million shares remained available for purchase under the current program which may be executed from time to time in the open market. We intend to hold repurchased shares in treasury for general corporate purposes, including issuances under our stock-based compensation plan. Treasury shares are accounted for using the cost method.
During the six months ended June 30, 2012, 1.3 million shares were issued from treasury stock in connection with our stock-based compensation plan. During the year ended December 31, 2011, 975 thousand shares were issued from treasury stock.
Accumulated other comprehensive loss consisted of the following:
 
(In millions)
Foreign Currency
Translation
 
Hedging
 
Defined Pension and  Other
Post-Retirement Benefits
 
Accumulated Other
Comprehensive Loss
December 31, 2010
$
(51.7
)
 
$
6.1

 
$
(206.5
)
 
$
(252.1
)
Other comprehensive income (loss)
(51.1
)
 
(22.8
)
 
(117.8
)
 
(191.7
)
December 31, 2011
(102.8
)
 
$
(16.7
)
 
$
(324.3
)
 
$
(443.8
)
Other comprehensive income (loss)
(33.7
)
 
5.6

 
9.8

 
(18.3
)
June 30, 2012
$
(136.5
)
 
$
(11.1
)
 
$
(314.5
)
 
$
(462.1
)