SHAREOWNERS' EQUITY

12 Months Ended

Dec. 31, 2012

SHAREOWNERS' EQUITY

SHAREOWNERS' EQUITY

12. SHAREOWNERS' EQUITY

        Activity in the Company's issued and outstanding common stock is summarized as follows:

	Issued Shares		Treasury Shares			Outstanding Shares
Balance, December 31, 2009		88,776,960		3,196,157			85,580,803
(Reissuance of)/deposits to treasury stock		—		(87,174	)		87,174
Balance, December 31, 2010		88,776,960		3,108,983			85,667,977
(Reissuance of)/deposits to treasury stock		—		3,998,782			(3,998,782	)
Balance, December 31, 2011		88,776,960		7,107,765			81,669,195
(Reissuance of)/deposits to treasury stock		—		3,531,702			(3,531,702	)
Balance, December 31, 2012		88,776,960		10,639,467			78,137,493

        Shareowners have authorized 4,000,000 shares of Preferred Stock, $1.00 par value. Other terms, including preferences, voting, and conversion rights, may be established by the Board of Directors. None of these shares have been issued as of December 31, 2012.