Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Activity Under Share-Based Compensation Plans

The following tables summarize the activity under all share-based compensation plans for the nine months ended September 30, 2014:


Stock Options & SARs	Awards			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value(1)
	(In thousands)							(In millions)
Outstanding at December 31, 2013(2) (3) (4)		12,143		$	33.24		5.3 years	$	552.9
Granted		1,610		$	59.56
Exercised		(832	)	$	21.05
Forfeited		(99	)	$	58.55

Outstanding at September 30, 2014(2) (3) (4)		12,822		$	37.14		5.2 years	$	172.3

Exercisable at September 30, 2014(2) (5)		8,238		$	25.57		3.7 years	$	169.3

(1)	The intrinsic value is the amount by which the current market value of the underlying stock exceeds the exercise price of the stock awards.

(2)	Includes 1.5 million market condition SARs.

(3)	Includes 0.9 million market and performance condition SARs.

(4)	Includes 0.4 million and 1.0 million performance condition SARs as of December 31, 2013 and September 30, 2014, respectively.

(5)	Includes 0.1 million performance condition SARs.


Incentive Plan and Independent Directors Stock Units	Shares			Weighted Average Grant Date Fair Value
	(In thousands)
Outstanding and nonvested December 31, 2013		144.5		$	14.36
Granted		28.1		$	59.98
Vested		(134.6	)	$	10.76
Forfeited		(4.1	)	$	38.58

Outstanding and nonvested at September 30, 2014		33.9		$	63.61

- 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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