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SHAREHOLDER'S EQUITY
12 Months Ended
Dec. 31, 2011
Equity [Abstract]  
SHAREHOLDER'S EQUITY
SHAREHOLDERS' EQUITY
 
Common Stock Repurchase

In June 2011, the Board of Directors authorized a $50 million share repurchase program, which was completed in January 2012. In June 2010, the Board of Directors authorized a $50 million share repurchase program, which was completed in April 2011. In June 2009, the Board of Directors authorized a $50 million share repurchase program, which was completed in May 2010.

Share repurchase activity as of December 31 (in millions, except shares):
 
2011
 
2010
 
2009
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
2011 Repurchase Program
797,500

 
$
48.3

 

 
$

 

 
$

2010 Repurchase Program
511,800

 
31.2

 
355,000

 
18.8

 

 

2009 Repurchase Program

 

 
645,748

 
26.3

 
1,324,578

 
23.8

 
1,309,300

 
$
79.5

 
1,000,748

 
$
45.1

 
1,324,578

 
$
23.8



Retirement of Treasury Shares

In 2009, the Company retired 7,900,000 common shares that had been held in treasury.  This action did not impact the total number of common shares outstanding.
 
Accumulated Other Comprehensive Loss (AOCL)
 
AOCL consisted of the following at December 31 (in millions, net of tax):  
 
2011
 
2010
Unrealized gain on marketable securities considered available-for-sale
$
(5.7
)
 
$
(8.0
)
Related to pension plans
381.0

 
255.4

Related to postretirement medical benefits
(1.0
)
 
14.3

Related to interest rate derivatives
15.7

 
5.5

 
$
390.0

 
$
267.2