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Note 10 - Stock Repurchase Programs
6 Months Ended
Jun. 30, 2012
Stock Repurchase Programs [Abstract]  
Stock Repurchase Programs
Stock Repurchase Programs

In September 2010, our Board of Directors authorized a stock repurchase program that provides for the repurchase of up to $2 billion of our common stock, with no expiration from the date of authorization. In June 2012, our Board authorized an additional stock repurchase program that provides for the repurchase of up to an additional $2 billion of our common stock, with no expiration from the date of authorization. These stock repurchase programs are intended to offset the impact of dilution from our equity compensation programs. The stock repurchase activity under our stock repurchase programs during the first six months of 2012 is summarized as follows:

 
Shares Repurchased
 
Average Price per Share
 
Value of Shares Repurchased
 
Remaining Amount Authorized
 
(In millions, except per share amounts)
Balance at January 1, 2012
35

 
$
31.55

 
$
1,119

 
$
881

Authorization of additional plan in June 2012
 
 
 
 
 
 
2,000

Repurchase of common stock
16

 
37.16

 
595

 
(595
)
Balance at June 30, 2012
51

 
$
33.30

 
$
1,714

 
$
2,286


These repurchased shares were recorded as treasury stock and were accounted for under the cost method. No repurchased shares have been retired.