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Stockholders' Equity
6 Months Ended
Jun. 30, 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 June 30, 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 both the first and second quarters of 2012. Aggregate 2012 declared and paid dividends total $15. Dividends accrue on RSUs granted under our stock compensation program and will be paid in cash or additional units when the underlying units vest.

 

Changes in equity

 

    2012     2011  
Three Months Ended June 30,   Attributable
to Parent
    Attributable
to Non-
controlling
Interests
    Total
Equity
    Attributable
to Parent
    Attributable
to Non-
controlling
Interests
    Total
Equity
 
                                     
Balance, March 31   $ 1,853     $ 105     $ 1,958     $ 1,712     $ 102     $ 1,814  
Total comprehensive income     10       2       12       110       3       113  
Preferred stock dividends     (7 )             (7 )     (7 )             (7 )
Common stock dividends     (8 )             (8 )                        
Dividends attributable to noncontrolling interests             (8 )     (8 )             (1 )     (1 )
Stock compensation     4               4       7               7  
Stock withheld for employee taxes     (1 )             (1 )     (1 )             (1 )
Ending Balance, June 30   $ 1,851     $ 99     $ 1,950     $ 1,821     $ 104     $ 1,925  

 

    2012     2011  
Six Months Ended June 30,   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     136       6       142       137       8       145  
Preferred stock dividends     (15 )             (15 )     (15 )             (15 )
Common stock dividends     (15 )             (15 )                        
Dividends attributable to noncontrolling interests             (8 )     (8 )             (3 )     (3 )
Stock compensation     9               9       15               15  
Stock withheld for employee taxes     (1 )             (1 )     (3 )             (3 )
Ending Balance, June 30   $ 1,851     $ 99     $ 1,950     $ 1,821     $ 104     $ 1,925