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Shareholders' Equity
 12 Months Ended
Dec. 31, 2012
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
SHAREHOLDERS’ EQUITY
Authorized Stock. Our authorized capital stock consists of 500 million shares of $1 per share par value common stock and 50 million shares of $1 per share par value preferred stock. The preferred stock is issuable in series, with the rights, preferences and limitations of each series to be determined by our board of directors.
Shares Issued and Outstanding. On December 31, 2011, we had 481,880,634 shares of common stock issued and 356,437,880 shares of common stock outstanding. On December 31, 2012, we had 481,880,634 shares of common stock issued and 353,674,248 shares of common stock outstanding, including unvested restricted stock of 2,377,354 shares. No shares of our preferred stock were outstanding on either date. The only changes in our shares outstanding during 2012 resulted from share activity under our equity compensation plans (see Note O for further discussion) and shares repurchased in the open market. In 2012, we repurchased 9.1 million shares at an average price of $66 per share. On June 7, 2012, with 2.4 million shares remaining under a prior authorization, the board of directors authorized management to repurchase an additional 10 million shares. On December 31, 2012, approximately 10.9 million shares remained authorized for repurchase, about 3 percent of our total shares outstanding.
Dividends per Share. Dividends declared per share were $1.68 in 2010, $1.88 in 2011 and $2.04 in 2012. Cash dividends paid were $631 in 2010, $673 in 2011 and $893 in 2012. In advance of possible tax increases in 2013, we accelerated our first quarter 2013 dividend payment to December 2012.
Other Comprehensive Loss. The tax effect for each component of other comprehensive loss consisted of the following:
Year Ended December 31, 2010
Gross Amount
Benefit (Provision) for Income Tax
Net Amount
Gain on cash flow hedges
$
89

$
(23
)
$
66

Unrealized gains on securities
1

—

1

Foreign currency translation adjustments
308

(29
)
279

Change in retirement plans' funded status
(878
)
303

(575
)
Other comprehensive loss
$
(480
)
$
251

$
(229
)
 
 
 
 
Year Ended December 31, 2011
Gross Amount
Benefit (Provision) for Income Tax
Net Amount
Loss on cash flow hedges
$
(81
)
$
22

$
(59
)
Unrealized losses on securities
(1
)
—

(1
)
Foreign currency translation adjustments
(89
)
18

(71
)
Change in retirement plans' funded status
(1,129
)
384

(745
)
Other comprehensive loss
$
(1,300
)
$
424

$
(876
)
 
 
 
 
Year Ended December 31, 2012
Gross Amount
Benefit (Provision) for Income Tax
Net Amount
Loss on cash flow hedges
$
(23
)
$
3

$
(20
)
Unrealized gains on securities
6

(2
)
4

Foreign currency translation adjustments
141

130

271

Change in retirement plans' funded status
(1,149
)
431

(718
)
Other comprehensive loss
$
(1,025
)
$
562

$
(463
)

The changes, net of tax, in each component of AOCI consisted of the following:

Gains (Losses) on Cash Flow Hedges
Unrealized Gains (Losses) on Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCI
Balance, December 31, 2009
$
19

$
3

$
613

$
(1,842
)
$
(1,207
)
2010 other comprehensive loss
66

1

279

(575
)
(229
)
Balance, December 31, 2010
85

4

892

(2,417
)
(1,436
)
2011 other comprehensive loss
(59
)
(1
)
(71
)
(745
)
(876
)
Balance, December 31, 2011
26

3

821

(3,162
)
(2,312
)
2012 other comprehensive loss
(20
)
4

271

(718
)
(463
)
Balance, December 31, 2012
$
6

$
7

$
1,092

$
(3,880
)
$
(2,775
)