We're dividing 266334 by 12 
We want to figure out the number of times 266334 can be divided by 12.

On to step 1:
12 can be fit into 2 0 times, resulting in a remainder of 2.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Subtracting 0 from 2 leaves us with 2.
Grab the next digit (6) from the dividend, add it to 2, then carry on: 26 / 12

Advancing to step 2:
12 goes into 26 2 times with a remainder of 2.
Write down 2 as next digit of the result. 
Result so far: 2.0
Subtracting 24 from 26 leaves us with 2.
Take the next digit (6) from the dividend and append it to 2, then repeat: 26 / 12

Advancing to step 3:
12 can be fit into 26 2 times, resulting in a remainder of 2.
Put 2 as the next digit of the answer. 
Result so far: 22.0
If we subtract 24 from 26, we get 2.
Fetch the next digit (3) from the dividend, attach it to 2 and continue: 23 / 12

On to step 4:
The number 12 fits into 23 1 times, leaving a remainder of 11.
Put 1 as the next digit of the answer. 
Result so far: 221.0
Subtracting 12 from 23 leaves us with 11.
Fetch the next digit (3) from the dividend, attach it to 11 and continue: 113 / 12

Let's proceed to step 5:
12 goes into 113 9 times with a remainder of 5.
Put 9 as the next digit of the answer. 
Result so far: 2219.0
Deduct 108 from 113 and we're left with 5.
Take the next digit (4) from the dividend and append it to 5, then repeat: 54 / 12

On to step 6:
12 goes into 54 4 times with a remainder of 6.
Record the quotient 4 as the next digit in the result. 
Result so far: 22194.0
Subtracting 48 from 54 leaves us with 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

On to step 7:
If we divide 60 by 12, we get 5 and a remainder of 0.
The next digit of our result is 5. 
Result so far: 22194.5
Subtracting 60 from 60 leaves us with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Let's proceed to step 8:
The number 12 fits into 0 0 times, leaving a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 22194.5
If we take 0 away from 0, we end up with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Moving on to step 9:
12 can be fit into 0 0 times, resulting in a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 22194.5
Subtracting 0 from 0 leaves us with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

In conclusion, the division gives 22194.5 with a balance of 0.0.