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Stockholders' Equity (Deficit)
12 Months Ended
Dec. 31, 2011
Notes To Condensed Consolidated Financial Statements [Abstract]  
Stockholders Equity Deficit [Text Block]

11. Stockholders' Deficit

 

At December 31, 2011, 480,000,000 shares of common stock, 600,000 shares of cumulative preferred stock, and 5,000,000 shares of preference stock were authorized. The following table summarizes the preferred, preference and common stock, net of treasury shares, outstanding.

 

     Common Stock
 Preferred Stock Preference Stock Issued Treasury Outstanding
Balance, December 31, 2008 135  36,056  323,337,912  (117,156,719)  206,181,193
Repurchase of common stock -  -  -  -  
Issuances of common stock -  -  -  949,689  
Conversions to common stock (50)  (3,977)  -  66,946  
Balance, December 31, 2009 85  32,079  323,337,912  (116,140,084)  207,197,828
Repurchase of common stock -  -  -  (4,687,304)  
Issuances of common stock -  -  -  876,794  
Conversions to common stock -  (4,296)  -  43,684  
Balance, December 31, 2010 85  27,783  323,337,912  (119,906,910)  203,431,002
Repurchase of common stock -  -  -  (4,692,200)  
Issuances of common stock -  -  -  963,448  
Conversions to common stock -  (3,447)  -  48,820  
Balance, December 31, 2011 85  24,336  323,337,912  (123,586,842)  199,751,070

The preferred stock (4% preferred stock) is entitled to cumulative dividends at a rate of $2 per year and can be converted into 24.24 shares of common stock, subject to adjustment in certain events. The 4% preferred stock is redeemable at our option at a price of $50 per share, plus dividends accrued through the redemption date. At December 31, 2011, there were 2,060 shares of common stock reserved for issuance upon conversion of the 4% preferred stock.

 

The preference stock ($2.12 preference stock) is entitled to cumulative dividends at a rate of $2.12 per year and can be converted into 16.53 shares of common stock, subject to adjustment in certain events. The $2.12 preference stock is redeemable at our option at a price of $28 per share. At December 31, 2011, there were 402,274 shares of common stock reserved for issuance upon conversion of the $2.12 preference stock.

 

The Board of Directors determines the dividend rate, terms of redemption, terms of conversion (if any) and other pertinent features of future issuances of preferred and preference stock. Cash dividends paid on common stock were $1.48 per share, $1.46 per share and $1.44 per share for 2011, 2010, and 2009, respectively. At December 31, 2011, 38,565,913 shares of common stock were reserved for issuance under our dividend reinvestment and other corporate plans.

Accumulated Other Comprehensive Loss
         
The components of accumulated other comprehensive loss are as follow:
         
 2011 2010 2009
Foreign currency translation adjustments$ 83,952 $ 137,521 $ 153,206
Net unrealized loss on derivatives  (8,438)   (10,445)   (11,738)
Net unrealized gain on investment securities   4,387   1,439   649
Net unamortized loss on pension and postretirement plans (741,546)   (602,321)   (601,909)
Accumulated other comprehensive loss $ (661,645) $ (473,806) $ (459,792)