Capital Stock Capital Stock

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Capital Stock

Capital Stock

On August 20, 2013, the Board of Directors authorized the repurchase of up to $250 million in shares with no expiration date. The program's objective is to deploy our capital in a manner that benefits our shareholders and maintains our focus on growth. During the three months ended March 31,2014, we repurchased 1.3 million shares for $50 million under this program. There are up to $150 million in shares that may still be purchased under this plan as of March 31, 2014.

On August 18, 2012, the Board of Directors authorized the repurchase of up to 2.0 million shares of common stock with no expiration date. The program's objective is to offset dilution associated with various Xylem employee stock plans by acquiring shares in the open market from time to time. There were no shares repurchased under this program during the three months ended March 31,2014. There were 0.5 million shares repurchased for $14 million under this program during the three months ended March 31,2013. There are up to 1.0 million shares that may still be purchased under this plan as of March 31, 2014.

Aside from the aforementioned repurchase programs, we repurchased less than 0.1 million shares for $1 million during both the three months ended March 31,2014 and 2013, in relation to settlement of employee tax withholding obligations due as a result of the vesting of restricted stock.