Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Stockholders; Equity, Common Stock Issued and Outstanding [Abstract]

Stockholders' Equity

Note M – Stockholders’ Equity

During 2015 and 2014, the Company repurchased Common Stock under variable term, capped accelerated share repurchase transactions (ASR) as authorized by the Board of Directors.  These share repurchases during 2015 and 2014 were as follows:

		2015		2014
Purchase of Treasury Stock	$	250,000,000	$	375,000,000
Shares repurchased		5,967,313		6,373,718

There were no share repurchases during 2016 and no open share buyback programs as of December 31, 2016.  The shares acquired under the various buyback programs are carried as Treasury Stock in the Consolidated Balance Sheets.