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STOCK - BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2012

Stock-Based Compensation Cost and Associated Tax Benefit

Presented below is a summary of the stock-based compensation expense and associated tax benefit in the accompanying Consolidated Statements of Operations:


	Year Ended December 31,

	2012		2011		2010
Stock-based compensation expense	$	64.5	$	56.7	$	56.6
Tax benefit	$	23.3	$	18.1	$	23.9

Weighted Average Assumptions used in Determining Fair Value for Options Granted

The following weighted average assumptions were used for options granted:


	Year Ended December 31,

	2012			2011			2010
Expected dividend yield		1.66	%		1.53	%		1.58	%
Expected stock volatility		44	%		41	%		44	%
Risk-free interest rate		1.55	%		3.33	%		2.73	%
Expected holding period		7.4 years			7.6 years			5.9 years
Grant date fair value	$	15.19		$	12.49		$	10.38

Summary of Option Activity

A summary of option activity as of December 31, 2012 and changes during the year then ended is presented below:


Options	Shares			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding, December 31, 2011		17.4		$	39.60
Granted		0.5			38.68
Exercised		(4.4	)		28.77
Forfeited		(0.1	)		27.66
Expired		(0.4	)		57.28

Outstanding, December 31, 2012		13.0		$	42.82		4.6 yrs	$	163.9

Vested and expected to vest, December 31, 2012		12.8		$	43.05		4.5 yrs	$	159.2

Exercisable, December 31, 2012		10.4		$	46.14		3.9 yrs	$	109.9

Summary of Information Relating to Stock Option Exercises

The following table summarizes information relating to stock option exercises:


	Year Ended December 31,

	2012		2011		2010
Proceeds from stock option exercises	$	127.4	$	50.3	$	36.4
Aggregate intrinsic value	$	61.3	$	25.3	$	19.7
Tax benefit realized upon exercise	$	23.4	$	9.6	$	7.8

Summary of Nonvested Restricted Stock

A summary of the status of the Company’s nonvested restricted stock as of December 31, 2012 and changes during the year then ended is presented below:


Nonvested Restricted Stock	Shares			Weighted Average Grant Date Fair Value Per Share
Balance, December 31, 2011		2.8		$	30.65
Granted		1.3			38.62
Vested		(1.0	)		33.82
Forfeited		(0.1	)		32.07

Balance, December 31, 2012		3.0		$	33.08

The following table summarizes information relating to the vesting of restricted stock awards:


	Year Ended December 31,

	2012		2011		2010
Fair value of vested shares	$	37.8	$	18.9	$	12.4
Tax benefit realized upon vesting	$	13.4	$	6.9	$	4.7

Summary of Performance Based Restricted Stock

A summary of the status of the Company’s performance-based restricted stock as of December 31, 2012 and changes during the year then ended is presented below:


Performance-based restricted stock	Shares			Weighted Average Grant Date Fair Value Per Share
Balance, December 31, 2011		1.0		$	26.92
Granted		0.3			36.78
Vested		(0.5	)		25.27
Adjustment to shares expected to vest*		0.2			33.67

Balance, December 31, 2012		1.0		$	30.06

*	The adjustment reflects additional shares expected to vest based on the Company’s projected achievement of certain non-market based performance metrics as of December 31, 2012.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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