SHAREHOLDER'S EQUITY

12 Months Ended

Dec. 31, 2012

Equity [Abstract]

SHAREHOLDER'S EQUITY

SHAREHOLDERS' EQUITY

Common Stock Split

On February 15, 2012, the Board of Directors declared a two-for-one split of the Company's common stock by means of a stock distribution. The additional shares were distributed on March 16, 2012, to the shareholders of record on March 2, 2012. The stock split increased the Company's outstanding shares from approximately 36 million shares as of December 31, 2011 to about 71 million shares. Historical outstanding shares and per share amounts were recast upon the distribution. 

Common Stock Repurchase

In September 2012, the Board of Directors authorized a $250 million share repurchase program, which does not have an expiration date, but is expected to be completed by December 2014. In February 2012, the Board of Directors authorized a $50 million share repurchase program, which was completed in September 2012. 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):

	2012			2011			2010
	Shares	Amount		Shares	Amount		Shares	Amount
$250 million Repurchase Program	202,510	$	8	—	$	—	—	$	—
2012 Repurchase Program	1,437,101	50		—	—		—	—
2011 Repurchase Program	46,340	2		1,595,000	48		—	—
2010 Repurchase Program	—	—		1,023,600	31		710,000	19
2009 Repurchase Program	—	—		—	—		1,291,496	26
	1,685,951	$	60	2,618,600	$	79	2,001,496	$	45

Retirement of Treasury Shares

In 2012, the Company retired 4,829,834 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):  

	2012			2011
Unrealized gain on marketable securities considered available-for-sale	$	(7	)	$	(6	)
Related to employee benefit plans	423			380
Related to interest rate derivatives	20			16
	$	436		$	390