Common Stock

6 Months Ended

Jun. 30, 2011

Common Stock

Common Stock

15.    Common Stock

During the second quarter of 2011, the Company repurchased approximately 7.8 million shares of its common stock for a total consideration of approximately $235 million at an average price per share of $30.10. The repurchased shares were reflected as an increase in treasury shares (a decrease in shares outstanding). The Company did not purchase any shares of its common stock in the first three months of 2011. The Company remains authorized to repurchase additional shares of its common stock up to a value of $179 million. There is no time limit on this authorization.

In December 2010, the Company repurchased approximately 3.4 million shares of its common stock for total consideration of $85.5 million at an average price per share of $25.40. This share repurchase was effected under a $500 million share repurchase authorization granted by the Company's Board of Directors in September 2010.