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Balance sheet: Cash and short-term investments at the end of the second quarter was approximately $1.3 billion, a $223 million decline from December 31, 2010. Share repurchases and acquisitions were primarily responsible for the decline. In the second quarter, the Corporation repurchased 4.4 million shares for $177 million. For the first half of 2011, the Corporation repurchased 7.7 million shares for $300 million at an average price of $38.96.
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