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Stockholders' Equity
 12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
19. Stockholders' Equity

The Company has the authority to issue up to 100,000 shares of $100 par preferred stock and up to 500,000,000 shares of $1.0 par common stock. None of the preferred stock has been issued. As of December 31, 2013 and 2012, 255,320,345 and 254,119,478 shares of common stock were issued, and the Company had 85,413,416 and 79,401,585 treasury shares, held at cost, respectively.

Share Repurchases

Share repurchases were as follows:
 
Years Ended December 31,
 
2013
 
2012
 
2011
Shares repurchased in the open market
6,005,880

 
12,314,795

 
4,034,973

Shares repurchased from holders of employee stock options
5,951

 
86,303

 
80,166

Total shares repurchased
6,011,831

 
12,401,098

 
4,115,139

Average price paid per share
$
76.16

 
$
60.38

 
$
58.93



In May 2012, the Board of Directors renewed its standing authorization of the Company's share repurchase program, on terms consistent with its prior five-year authorization which expired at that time. This renewal authorized the repurchase of up to 10,000,000 shares of the Company's common stock during the five-year period ending May 2017. The Company did not repurchase any shares under this authorization during 2013. As of December 31, 2013, the number of shares still available for repurchase under the May 2012 share repurchase authorization was 3,908,289.
 
In November 2012, the Board of Directors approved a $1.0 billion share repurchase program authorizing repurchases of the Company's common shares over the next 12 to 18 months. The Company repurchased 6,005,880 shares under this new program during 2013. As of December 31, 2013, the approximate dollar amount still available for repurchase under this share repurchase program was $292,565.