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Stockholders' Equity
 12 Months Ended
Dec. 31, 2013
Stockholders' Equity [Abstract]  
Stockholders' Equity
Note 13: Stockholders’ Equity 

Common Stock
 
The Company’s Board of Directors has given management the authority to purchase up to $2.4 billion of the Company’s common stock.  The Company, under this authorization, may purchase shares directly or indirectly by way of open market transactions or structured programs, including the use of derivatives, for the Company’s own account or through commercial banks or financial institutions.
 
Changes in the number of shares of the Company’s outstanding stock for the last three years were as follows:
 
 
 
Common
Stock
  
Treasury
Stock
  
Shares
Outstanding
 
 
 
  
  
 
Balance - December 31, 2010
  
263,111,472
   
(19,197,642
)
  
243,913,830
 
 
            
Purchase of treasury stock
  
–
   
(49,000
)
  
(49,000
)
Stock issued under stock compensation plans
  
–
   
1,667,245
   
1,667,245
 
 
            
Balance - December 31, 2011
  
263,111,472
   
(17,579,397
)
  
245,532,075
 
 
            
Purchase of treasury stock
  
–
   
(412,800
)
  
(412,800
)
Stock issued under stock compensation plans
  
–
   
1,576,861
   
1,576,861
 
 
            
Balance - December 31, 2012
  
263,111,472
   
(16,415,336
)
  
246,696,136
 
 
            
Purchase of treasury stock
  
–
   
(26,955,623
)
  
(26,955,623
)
Stock issued under stock compensation plans
  
–
   
1,687,795
   
1,687,795
 
 
            
Balance - December 31, 2013
  
263,111,472
   
(41,683,164
)
  
221,428,308
 

  At December 31, 2013, 19,975,744 shares of unissued common stock were reserved for future issuance under various stock compensation plans.
 
Preferred Stock 
 
The Company is authorized to issue up to 10.0 million shares of preferred stock, par value of $0.1 per share.  Shares of preferred stock may be issued in one or more series of classes, each of which series or class shall have such distinctive designation or title and terms as shall be fixed by the Board of Directors of the Company prior to issuance of any shares.

Retained Earnings 
 
Delaware law, under which the Company is incorporated, provides that dividends may be declared by the Company’s Board of Directors from a current year’s earnings as well as from the total of capital in excess of par value plus the retained earnings, which amounted to approximately $8.0 billion at December 31, 2013.
 
In addition, dividends to be paid by OneSubsea to the venture partners require approval by the Board of Directors of OneSubsea.