Shareholders' Equity

12 Months Ended

Dec. 31, 2011

Shareholders' Equity [Abstract]

Shareholders' Equity [Text Block]

Note 11: Shareholders' Equity

Changes in certain components of shareholders' equity were as follows:

	Additional		Deferred	Common Stock in Treasury
	Paid-in	Retained	Costs ‑	Shares
	Capital	Earnings	ESOP	(in thousands)		Amount
Balance at January 1, 2009	$3,976.6	$  7,654.9	$ (86.3)		889		$ 99.2
Net income		4,328.8
Cash dividends declared per share: $1.96		(2,153.3)
Retirement of treasury shares	(3.3)				(132)		(3.3)
Issuance of stock under employee stock plans-net	(85.0)				125		2.6
Stock-based compensation	368.5
ESOP transactions	6.9		8.9
Employee benefit trust contribution	371.9
Balance at December 31, 2009	4,635.6	9,830.4	(77.4)		882		98.5
Net income		5,069.5
Cash dividends declared per share: $1.96		(2,167.3)
Retirement of treasury shares	(1.0)				(28)		(1.0)
Issuance of stock under employee stock plans-net	(87.6)				10		(1.1)
Stock-based compensation	231.0
ESOP transactions	20.5		25.0
Balance at December 31, 2010	4,798.5	12,732.6	(52.4)		864		96.4
Net income		4,347.7
Cash dividends declared per share: $1.96		(2,182.5)
Retirement of treasury shares	(0.1)				(1)		(0.1)
Issuance of stock under employee stock plans-net	(108.7)				(10)		(1.0)
Stock-based compensation	147.4
ESOP transactions	49.7		52.4
Balance at December 31, 2011	$4,886.8	$14,897.8	$0.0		853		$ 95.3

As of December 31, 2011, we have purchased $2.58 billion of our announced $3.00 billion share repurchase program. No shares were repurchased during the years ended December 31, 2011, 2010, or 2009.

We have 5 million authorized shares of preferred stock. As of December 31, 2011 and 2010, no preferred stock has been issued.

We have an employee benefit trust that held 50.0 million and 50.0 million shares of our common stock at December 31, 2011 and 2010, respectively, to provide a source of funds to assist us in meeting our obligations under various employee benefit plans. The cost basis of the shares held in the trust was $3.01 billion and $3.01 billion at December 31, 2011 and 2010, respectively, and is shown as a reduction in shareholders' equity. Any dividend transactions between us and the trust are eliminated. Stock held by the trust is not considered outstanding in the computation of earnings per share. The assets of the trust were not used to fund any of our obligations under these employee benefit plans during the years ended December 31, 2011, 2010, or 2009.

We have an ESOP as a funding vehicle for the existing employee savings plan. The ESOP used the proceeds of a loan from us to purchase shares of common stock from the treasury. The ESOP issued third-party debt, repayment of which was guaranteed by us (Note 8). The proceeds were used to purchase shares of our common stock on the open market. As of December 31, 2011, all shares of common stock held by the ESOP were allocated to participating employees as part of our savings plan contribution. The fair value of shares allocated each period was recognized as compensation expense.