Notes to Consolidated Financial Statements 63
NOTE 11 — STOCKHOLDERS’ EQUITY
Share repurchases are only conducted under repurchase programs approved by the
Board of Directors and publicly announced.  Share repurchase activity was as follows:
Year Ended December 31 (In thousands) 2004 2003 2002
August 2001 authorization (0, 1.4 million 
and 6.4 million shares purchased). . . . . . . . . . . . . $— $ 36,034 $ 207,590
February 2003 authorization 
(10 million shares purchased) . . . . . . . . . . . . . . . . — 335,911 —
November 2003 authorization (8 million 
and 2 million shares purchased) . . . . . . . . . . . . . . 348,895 70,919 —
$ 348,895 $ 442,864 $ 207,590
Average price of shares repurchased . . . . . . . . . . . . . $ 43.59 $ 33.17 $ 32.28
At December 31, 2004, we had 10 million shares available for repurchase under a
July 2004 authorization.
In May 2002, the Board of Directors approved a restricted stock plan. The plan
allowed for the issuance of up to 1 million shar es of Company common stock to
certain key employees. The restrictions on selling these shares lapse 50% on the
third anniversary date from the grant date and 50% on the fourth anniversary date
after the grant date. Through December 31, 2004, 903,000 shares were issued, with
an aggregate value of $32 million. This amount was recorded as deferred 
compensation in the accompanying consolidated balance sheet and is being 
amortized to operating expenses on a straight-line basis thr ough the period in which
the restrictions fully lapse. Amortization of deferred compensation was $7 million,
$8 million and $5 million for the years ended December 31, 2004, 2003 and 2002,
respectively, and 855,000 shares were outstanding under the plan at December 31,
2004. In November 2002, the Board of Directors determined that no more awards
would be granted under the plan.
NOTE 12 — EMPLOYEE BENEFIT PLANS
Employees of the Company who are members of various unions are covered by
union-sponsored, collectively bargained, multi-employer health and welfare and
defined benefit pension plans. The Company recorded an expense of $86 million in
2004, $77 million in 2003 and $66 million in 2002 under such plans. The plans'
sponsors have not provided sufficient information to permit the Company to 
determine its share of unfunded vested benefits, if any.
The Company is self-insured for most health care benefits for its non-union
employees. The liability for claims filed and estimates of claims incurred but not
reported is included in the “Other accrued liabilities” caption in the accompanying
consolidated balance sheets.
The Company has a retirement savings plan under Section 401(k) of the Internal
Revenue Code for eligible employees not covered by a collective bargaining agree-
ment that does not specifically provide for participation in the plan. The plans
allow employees to defer, within prescribed limits, up to 30% of their income on a
pre-tax basis through contributions to the plans. The Company matches, within
prescribed limits, a portion of eligible employees' contributions. In the case of 
certain union employees, the Company contributes to the plan are based on hours
worked. The Company recorded charges for 401(k) contributions of $12 million in
2004, $10 million in 2003 and $12 million in 2002.
The Company maintains a nonqualified deferred retirement plan for certain key
employees. The plan allows participants to defer, on a pre-tax basis, a portion of their
salary and bonus and accumulate tax deferred earnings, plus investment earnings on
the deferred balances, as a retirement fund. Participants receive a Company match of
up to 4% of salary, net of any Company match received under the Company’s 401(k)
plan. All employee deferrals vest immediately. The Company matching contributions
vest ratably over a three-year period. The Company recorded charges for matching
contributions of $1 million in 2004, $2 million in 2003 and $1 million in 2002.