Stockholders' Equity

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Stockholders' Equity

10. Stockholders’ Equity

Common stock activity is as follows:

	Three Months Ended March 31, 2013
Actual number of shares of common stock outstanding
Beginning of period		362,519,883
Shares of common stock converted from Mandatory Convertible Subordinated Bonds due February 2013		10,416,700
Shares of common stock issued through compensation plans		2,010,943
End of period		374,947,526

Cumulative shares of treasury stock were 213,127 with a corresponding cost of $4 million as of March 31, 2013 and December 31, 2012.

On January 31, 2013, the Company’s board of directors adopted a cash dividend policy to pay quarterly cash dividends on its outstanding common stock. The board also declared the first quarterly cash dividend of $0.16 per share, that was paid on March 20, 2013 to holders of record of the Company’s common stock on March 6, 2013. The dividend policy and the payment of future cash dividends are subject to the discretion of the Company’s board of directors.