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OTHER FINANCIAL INFORMATION
3 Months Ended
Mar. 31, 2014
Disclosure Other Financial Information [Abstract]  
OTHER FINANCIAL INFORMATION
OTHER FINANCIAL INFORMATION
Dividends
On January 30, 2014, the Board of Directors declared a $0.125 per common share cash dividend, payable on February 25, 2014 to shareholders of record as of February 10, 2014. Cash dividends paid in the first quarter of 2014 and 2013 were $4.5 and $7.4, respectively. Dividends paid in the first three months of 2013 include $1.8 paid by a majority owned subsidiary to its minority shareholder. On April 22, 2014, the Board of Directors declared a $0.125 per common share cash dividend, payable on May 27, 2014 to shareholders of record as of May 9, 2014.
Income taxes paid
Income taxes paid for the three months ended March 31, 2014 and 2013 were $15.0 and $45.3, respectively. Included in 2013 is approximately a $21.0 corporate income tax payment primarily related to the divestiture of the PSA product line in 2012, which was statutorily due on December 17, 2012, but was deferred to February 1, 2013 as the Internal Revenue Service provided special tax relief for taxpayers in the federally-declared disaster areas struck by Hurricane Sandy.
Interest
Interest paid for the three months ended March 31, 2014 and 2013 was $7.4 and $20.9, respectively. Interest income for the three months ended March 31, 2014 and 2013 was $0.1 and $0.6, respectively.
Stock repurchases
During the three months ended March 31, 2013, we repurchased 1,203,499 shares of our common stock at a total cost of $89.7. There were no repurchases during the three months ended March 31, 2014. There are no amounts remaining under the buyback program as of March 31, 2014.