Stockholders' Equity

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS' EQUITY

Stock Repurchase Activity

In January 2010, our Board of Directors authorized the Company to repurchase up to $2.0 billion of our common stock with no fixed expiration. We have $763 million remaining under the $2.0 billion repurchase program.

Stock Award Activity

Common shares outstanding plus shares underlying outstanding stock awards totaled 476 million as of March 31, 2014 and December 31, 2013. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited. The following table summarizes our restricted stock unit activity for the three months ended March 31, 2014 (in millions):

	Number of Units		Weighted Average Grant-Date Fair Value
Outstanding as of December 31, 2013	16.3		$	233
Units granted	0.8		366
Units vested	(0.9	)	174
Units forfeited	(0.5	)	237
Outstanding as of March 31, 2014	15.7		$	243

Scheduled vesting for outstanding restricted stock units as of March 31, 2014, is as follows (in millions):

	Nine Months Ended December 31,	Year Ended December 31,
	2014	2015	2016	2017	2018	Thereafter	Total
Scheduled vesting—restricted stock units	4.5	5.7	3.4	1.8	0.2	0.1	15.7

As of March 31, 2014, there was $1.6 billion of net unrecognized compensation cost related to unvested stock-based compensation arrangements. This compensation is recognized on an accelerated basis with approximately half of the compensation expected to be expensed in the next twelve months, and has a weighted average recognition period of 1.1 years.