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Share Repurchase Program
6 Months Ended
Jun. 30, 2013
Share Repurchase Program [Abstract]  
Treasury Stock [Text Block]
Share Repurchase Program

The Company’s Board of Directors has authorized up to $1.25 billion for share repurchases, of which $646.1 million remained available for share repurchases as of June 30, 2013. Under this program, shares repurchased are recorded as a reduction to capital in excess of par value and retained earnings in the Company’s Condensed Consolidated Balance Sheets. From inception of this share repurchase program through June 30, 2013, the Company had repurchased 12.56 million shares for $603.9 million, of which 6.83 million shares for an aggregate purchase price of $369.9 million were repurchased during the six months ended June 30, 2013. As part of its share repurchase program, the Company may from time-to-time enter into structured share repurchase arrangements with financial institutions. During the six months ended June 30, 2013, the Company did not enter into any structured share repurchase transactions.