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Stockholders' Equity
3 Months Ended
Mar. 31, 2012
Stockholders' Equity

Note 8. Stockholders’ Equity

 

Series A and Series B preferred stock — Dividends on our 4.0% Series A Convertible Preferred Stock and 4.0% Series B Convertible Preferred Stock (preferred stock) are accrued monthly and are payable in cash as approved by the Board of Directors. Preferred dividends of $8 were accrued at March 31, 2012 and December 31, 2011.

 

Common stock — Our Board of Directors declared a quarterly cash dividend of five cents per share of common stock in the first quarter of 2012. Aggregate declared and paid dividends totaled $7. Dividends accrue on RSUs granted under our stock compensation program and will be paid in additional units when such common shares are distributed.

 

Changes in equity

  

    2012     2011  
Three Months Ended March 31,   Attributable to Parent     Attributable to Non-controlling Interests     Total Equity     Attributable to Parent     Attributable to Non-controlling Interests     Total Equity  
 Balance, December 31   $ 1,737     $ 101     $ 1,838     $ 1,687     $ 99     $ 1,786  
 Total comprehensive income     126       4       130       27       5       32  
 Preferred stock dividends     (8 )             (8 )     (8 )             (8 )
 Common stock dividends     (7 )             (7 )                        
 Dividends attributable to                                                
   noncontrolling interests                                     (2 )     (2 )
 Stock compensation     5               5       8               8  
 Stock withheld for employee taxes                             (2 )             (2 )
 Ending Balance, March 31   $ 1,853     $ 105     $ 1,958     $ 1,712     $ 102     $ 1,814