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Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Share-Based Compensation [Abstract]  
Fair Value of Stock Options Granted and Major Assumptions Used
The calculated fair value of options granted and major assumptions used in the model at the date of grant are listed below:
 
   
2011
  
2010
  
2009
 
   
Stock Option Variables
  
Stock Option Variables
  
Range of Stock Option
 Variables
 
Fair value of options at grant date
 $18.80  $27.55  $31.06 - $35.38 
Risk-free interest rate
  2.1%  2.3%  1.78% - 2.51%
Expected price volatility
  54.7%  30.3%  28.1% - 29.9%
Expected dividend yield
  0.21%  1.18%  1.39% - 1.61%
Expected life in years
  5.0   5.2   5.0 - 5.0 
 
Stock Option Activity
Stock option transactions under the terms of the LTSIP for the year ended December 31, 2011, are summarized below:
 
   
Options
Outstanding
  
Weighted-
Average Price
  
Aggregate
Intrinsic Value
 
         
(in millions)
 
Balance at December 31, 2010
  1,914,922   19.02     
Granted
  202,235   39.07     
Exercised
  (111,797)  15.69     
Forfeited
  (1,666)  23.98     
Balance at December 31, 2011
  2,003,694  $21.23  $18.1 
 
Stock Options Outstanding, by exercise price range
     
Options Outstanding
   
Options Exercisable
   
Unvested Options
 
               
 Range of Exercise
Prices
   
Number
Outstanding at
December 31,
2011
   
Weighted-
Average
Remaining Term
in Years
   
Weighted-
Average
Exercise
Price
   
Number
Exercisable at
December 31,
2011
   
Weighted-
Average
Exercise
Price
   
Aggregate
Intrinsic
Value
   
Number
Unvested at
December 31,
2011
   
Weighted-
Average
Exercise
Price
 
                        (in millions)         
$7.78 - $11.89   582,050   0.6  $8.57   582,050  $8.57      -  $- 
 19.37 - 27.84   1,219,409   3.7   24.31   827,557   23.99      391,852   25.00 
 39.07   202,235   6.2   39.07   -   -      202,235   39.07 
     2,003,694   3.1  $21.23   1,409,607  $17.62  $16.5   594,087  $29.79 
Restricted Shares and Performance Share Units Activity
Transactions involving restricted shares under the terms of the LTSIP are summarized below:
 
   
Restricted Shares
Outstanding
  
Weighted-Average
Price
 
Unvested balance at December 31, 2010
  966,961   29.05 
Granted
  465,653   38.50 
Vested
  (307,140)  28.82 
Forfeited
  (25,722)  35.71 
Unvested balance at December 31, 2011
  1,099,752  $32.78 
Transactions involving performance shares units under the terms of the LTCIP are summarized below:
 
   
Performance Shares
Outstanding
  
Weighted-Average
Price
 
Unvest balance at January 1, 2011
  -  $- 
Granted
  116,074   39.07 
Distributed
  -   - 
Forfeited
  (800)  39.07 
Unvested balance at December 31, 2011
  115,274  $39.07