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INCENTIVE PLANS (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Activity For Nonvested Performance Share Units

The following table summarizes the activity for nonvested performance share units during the year ended December 31, 2012:

 

      Target
Number
of Shares
    Weighted-average
Grant Date
Fair Value
 

  Performance Shares

    

  Nonvested at January 1, 2012

     607,539        $39.73   

  Granted

     479,560        $46.22   

  Vested

     (214,159     $40.34   

  Canceled/forfeited

     (36,574     $41.64   

  Nonvested at December 31, 2012

     836,366        $43.21   
Aggregate Value of Performance Shares

The aggregate values of distributed performance shares for the years ended December 31 are as follows:

 

    in thousands    2012      2011      2010  

  Aggregate value of distributed
  performance shares

     $493         $2,548         $2,981   
Weighted-Average Fair Value And Weighted-Average Assumptions Used In Estimating Fair Value of Grants

The following table presents the weighted-average fair value and the weighted-average assumptions used in estimating the fair value of grants during the years ended December 31:

 

   
       2012 1      2011      2010  
                              

  SOSARs

          

  Fair value

       N/A         $10.51         $12.05   

  Risk-free interest rate

       N/A         2.27%         3.15%   

  Dividend yield

       N/A         1.95%         2.00%   

  Volatility

       N/A         31.57%         27.58%   

  Expected term

       N/A         7.75 years         7.50 years   

1 No SOSARS were granted in 2012.

Summary of Our Stock Option/Sosar Activity

A summary of our stock option/SOSAR activity as of December 31, 2012 and changes during the year are presented below:

 

     

Number
of Shares

   

Weighted-average
Exercise Price

    

Weighted-average
Remaining
Contractual
Life (Years)

    

Aggregate
Intrinsic Value
(in thousands)

 
          
          
          

  Stock Options/SOSARs

                                  

  Outstanding at January 1, 2012

     6,641,847        $54.69         

  Granted

     0        $0.00         

  Exercised

     (505,432     $34.01         

  Forfeited or expired

     (745,808     $46.69         

  Outstanding at December 31, 2012

     5,390,607        $57.73         4.59         $22,047   

  Vested and expected to vest

     5,365,068        $57.84         4.57         $21,632   

  Exercisable at December 31, 2012

     4,853,258        $59.77         4.22         $15,503   
Aggregate Intrinsic Values of Options Exercised

The aggregate intrinsic values of options/SOSARs exercised for the years ended December 31 are as follows:

 

  in thousands    2012      2011      2010  

  Aggregate intrinsic value of options/
  SOSARs exercised

     $5,674         $164         $1,830   
Cash and Stock Consideration Received and Tax Benefit Realized from Stock Option/Sosar Exercises and Compensation Cost Recorded

The following table presents cash and stock consideration received and tax benefit realized from stock option/SOSAR exercises and compensation cost recorded referable to stock options/SOSARs for the years ended December 31:

 

  in thousands    2012      2011      2010  

  Stock Options/SOSARs

        

  Cash and stock consideration received
  from exercises

   $ 15,787       $ 3,596       $ 20,502   

  Tax benefit from exercises

     2,202         66         733   

  Compensation cost

     2,966         7,968         11,288