Dividend and Share Repurchase (Notes)

12 Months Ended

Dec. 31, 2013

Dividend and Share Repurchase [Abstract]

Dividend and Share Repurchase [Text Block]

DIVIDEND AND SHARE REPURCHASE

In May 2013, we announced a plan to return more than $1 billion to shareholders over the next three years. As part of this plan, our Board of Directors initiated a quarterly dividend program and declared a $0.06 per share dividend for shareholders of record as of August 9, 2013 and November 6, 2013. These dividends were paid in September 2013 and November 2013 and each totaled $51 million. In addition, the Board of Directors authorized a $500 million share repurchase program, to be completed no later than June 30, 2016. During the year ended December 31, 2013, we repurchased and retired approximately 10 million shares at a cost of approximately $250 million. On February 7, 2014, the Board of Directors declared a $0.06 dividend for shareholders of record on February 21, 2014, and payable on March 14, 2014.