Capital Stock

12 Months Ended

Dec. 31, 2013

Capital Stock

Capital Stock

Note 9 - Capital Stock

Common Stock Outstanding

Common stock outstanding as of December 31, 2013, 2012 and 2011 was as follows:

(Number of shares in millions)	2013	2012	2011
Common stock:
Balance, beginning of year	102.4	101.0	99.5
Activity under stock plans	1.6	1.4	1.5
Balance, end of year	104.0	102.4	101.0
Treasury stock:
Balance, beginning of year	2.5	2.2	2.2
Issued under stock plans	—	—	(0.5	)
Repurchased	2.6	0.3	0.5
Balance, end of year	5.1	2.5	2.2
Common stock outstanding	98.9	99.9	98.8

In July 2013, our Board authorized us to repurchase an additional $150 million of our outstanding common stock.  The Company spent $40 million to repurchase 896,653 shares of common stock during the fourth quarter of 2013 under this authorized Repurchase Plan, of which 148,990 shares were settled in January 2014.

In December 2012, our Board authorized us to repurchase up to $50 million of our outstanding common stock (“Repurchase Plan”).  During the six-month period ended June 30, 2013 the Company repurchased a total of 1,573,588 shares at a cost of $50 million and completed the December 2012  Repurchase Plan.