Subsequent Events:

3 Months Ended

Mar. 31, 2013

Subsequent Events:

Subsequent Events:

14. Subsequent Events: On April 18, 2013, the company announced it expects to take most of its workforce rebalancing actions for 2013 in the second quarter as compared to 2012 when the actions were distributed across the four quarters of the year. The company indicated that these actions are expected to result in a charge to pre-tax income of approximately $1 billion in the second quarter, the majority of which will be incurred outside the U.S.

On April 30, 2013, the company announced that the Board of Directors approved a quarterly dividend of $0.95 per common share. The dividend is payable June 10, 2013 to shareholders of record on May 10, 2013. The dividend declaration represents an increase of $0.10 per common share, which is 12 percent higher than the prior quarterly dividend of $0.85 per common share.

On April 30, 2013, the company announced that the Board of Directors authorized $5 billion in additional funds for use in the company’s common stock repurchase program.