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Common Equity (Tables)
3 Months Ended
Mar. 31, 2014
Stockholders' Equity Note [Abstract]  
Assumptions for valuing options using binomial option pricing model

 
2014
 
2013
 
 
 
 
Non-qualified stock options granted year to date
864,860

 
1,365,970

 
 
 
 
Estimated fair value per non-qualified stock option
$
4.18

 
$
3.45

 
 
 
 
Assumptions used to value the options using a binomial option pricing model:
 
 
 
Risk-free interest rate
0.1% - 3.0%

 
0.1% - 1.9%

Dividend yield
3.8
%
 
3.7
%
Expected volatility
18.0
%
 
18.0
%
Expected forfeiture rate
2.0
%
 
2.0
%
Expected life (years)
5.8

 
5.9

Stock option activity
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
Weighted-
 
Remaining
 
Aggregate
 
 
Number of
 
Average
 
Contractual Life
 
Intrinsic Value
Stock Options
 
Options
 
Exercise Price
 
(Years)
 
(Millions)
Outstanding as of January 1, 2014
 
7,688,843

 
$
26.92

 
 
 
 
Granted
 
864,860

 
$
41.03

 
 
 
 
Exercised
 
(649,481
)
 
$
21.71

 
 
 
 
Forfeited
 
(6,385
)
 
$
36.55

 
 
 
 
Outstanding as of March 31, 2014
 
7,897,837

 
$
28.89

 
5.8
 
$
139.5

 
 
 
 
 
 
 
 
 
Exercisable as of March 31, 2014
 
5,070,842

 
$
23.83

 
4.2
 
$
115.2

Stock options outstanding
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
Weighted-Average
 
 
 
Weighted-Average
 
 
 
 
 
 
Remaining
 
 
 
 
 
Remaining
 
 
Number of
 
Exercise
 
Contractual
 
Number of
 
Exercise
 
Contractual
Range of Exercise Prices
 
Options
 
Price
 
Life (Years)
 
Options
 
Price
 
Life (Years)
$17.10  to  $21.11
 
1,615,342

 
$
20.68

 
4.1
 
1,615,342

 
$
20.68

 
4.1
$23.88  to  $29.35
 
3,253,295

 
$
24.68

 
4.0
 
3,253,295

 
$
24.68

 
4.0
$34.88  to  $41.03
 
3,029,200

 
$
37.78

 
8.8
 
202,205

 
$
35.35

 
7.9
 
 
7,897,837

 
$
28.89

 
5.8
 
5,070,842

 
$
23.83

 
4.2
Non-vested options
 
 
 
 
Weighted-Average
Non-Vested Stock Options
 
Number of Options
 
Fair Value
Non-vested as of January 1, 2014
 
2,289,400

 
$
3.38

Granted
 
864,860

 
$
4.18

Vested
 
(320,880
)
 
$
3.21

Forfeited
 
(6,385
)
 
$
3.41

Non-vested as of March 31, 2014
 
2,826,995

 
$
3.65

Restricted stock activity
 
 
 
 
Weighted-Average
Restricted Shares
 
Number of Shares
 
Grant Date Fair Value
Outstanding as of January 1, 2014
 
98,226

 
 
Granted
 
51,873

 
$
40.98

Released
 
(46,228
)
 
$
34.31

Forfeited
 
(1,098
)
 
$
38.04

Outstanding as of March 31, 2014
 
102,773