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SHAREOWNERS' EQUITY
 12 Months Ended
Dec. 31, 2013
SHAREOWNERS' EQUITY  
SHAREOWNERS' EQUITY

13. 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, 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    

(Reissuance of)/deposits to treasury stock

     —     (439,953 )   439,953    
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, December 31, 2013

     88,776,960     10,199,514     78,577,446    
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

        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, 2013.