The authorized capital stock at both December 31, 2013 and 2012, consisted of 990,850,000 shares of common stock, $1 par value; 400,000 shares of cumulative $4 preferred stock, without par value (stated value $100 per share); and 8,750,000 shares of serial preferred stock, $1 par value. The serial preferred stock is issuable in one or more series by the Board of Directors without further shareholder action.
The following is a rollforward of shares of common stock for the three years ended December 31, 2013, 2012 and 2011:
|
| | | | |
| Common Stock | |
In thousands | Issued |
| Treasury |
|
Balance at January 1, 2011 | 438,871 |
| 1,234 |
|
Issuance of stock for various plans, net | 1 |
| (326 | ) |
Repurchase of stock | — |
| 1,013 |
|
Balance at December 31, 2011 | 438,872 |
| 1,921 |
|
Issuance of stock for various plans, net | 1,022 |
| (2,994 | ) |
Repurchase of stock | — |
| 1,086 |
|
Balance at December 31, 2012 | 439,894 |
| 13 |
|
Issuance of stock for various plans, net | 7,328 |
| (533 | ) |
Repurchase of stock | — |
| 11,388 |
|
Balance at December 31, 2013 | 447,222 |
| 10,868 |
|
