XML 157 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-based compensation (Tables)
 12 Months Ended
Dec. 31, 2011
Stock-based compensation  
Schedule providing assumptions used in determining the fair value of stock-based awards

 

 

 

Grant Year

 

 

 

2011

 

2010

 

2009

 

Weighted-average dividend yield

 

2.2%

 

2.3%

 

3.1%

 

Weighted-average volatility

 

32.7%

 

36.4%

 

36.0%

 

Range of volatilities

 

20.9-45.4%

 

35.2-51.8%

 

35.8-61.0%

 

Range of risk-free interest rates

 

0.25-3.51%

 

0.32-3.61%

 

0.17-2.99%

 

Weighted-average expected lives

 

8 years

 

7 years

 

8 years

 
Schedule of financial information related to stock-based compensation

TABLE I—Financial Information Related to Stock-based Compensation

 

 

 

2011

 

2010

 

2009

 

 

 

Shares

 

Weighted-
Average
Exercise
Price

 

Shares

 

Weighted-
Average
Exercise
Price

 

Shares

 

Weighted-
Average
Exercise
Price

 

Stock options/SARs activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of year

 

57,882,998

 

$

48.50

 

63,082,787

 

$

44.24

 

60,398,074

 

$

45.68

 

Granted to officers and key employees1 

 

2,960,595

 

$

102.13

 

7,556,481

 

$

57.85

 

6,823,227

 

$

22.17

 

Exercised

 

(10,149,476

)

$

41.78

 

(12,568,232

)

$

32.83

 

(3,906,785

)

$

28.13

 

Forfeited / expired

 

(321,126

)

$

48.02

 

(188,038

)

$

43.64

 

(231,729

)

$

38.05

 

Outstanding at end of year

 

50,372,991

 

$

53.01

 

57,882,998

 

$

48.50

 

63,082,787

 

$

44.24

 

Exercisable at year-end

 

35,523,057

 

$

52.66

 

41,658,033

 

$

48.23

 

48,256,847

 

$

43.14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RSUs activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of year

 

4,650,241

 

 

 

4,531,545

 

 

 

2,673,474

 

 

 

Granted to officers and key employees

 

1,082,032

 

 

 

1,711,771

 

 

 

2,185,674

 

 

 

Vested

 

(1,382,539

)

 

 

(1,538,047

)

 

 

(286,413

)

 

 

Forfeited

 

(68,244

)

 

 

(55,028

)

 

 

(41,190

)

 

 

Outstanding at end of year

 

4,281,490

 

 

 

4,650,241

 

 

 

4,531,545

 

 

 

 

Stock options/SARs outstanding and exercisable:

 

 

 

Outstanding

 

Exercisable

 

Exercise

 

#
Outstanding

 

Weighted-
Average
Remaining
Contractual

 

Weighted-
Average
Exercise

 

Aggregate
Intrinsic

 

#
Outstanding

 

Weighted-
Average
Remaining
Contractual

 

Weighted-
Average
Exercise

 

Aggregate
Intrinsic

 

Prices

 

at 12/31/11

 

Life (Years)

 

Price

 

Value2

 

at 12/31/11

 

Life (Years)

 

Price

 

Value2

 

$22.17 – 26.03

 

7,058,743

 

6.14

 

$

22.66

 

$

482

 

1,799,303

 

3.13

 

$

24.11

 

$

120

 

$27.14 – 38.63

 

9,867,938

 

2.10

 

$

34.79

 

554

 

9,867,938

 

2.10

 

$

34.79

 

554

 

$40.64 – 45.64

 

7,430,542

 

3.14

 

$

45.59

 

337

 

7,430,542

 

3.14

 

$

45.59

 

337

 

$57.85 – 66.77

 

11,142,739

 

7.17

 

$

59.60

 

349

 

4,441,851

 

5.65

 

$

62.24

 

127

 

$72.05 – 102.13

 

14,873,029

 

5.73

 

$

78.26

 

188

 

11,983,423

 

4.90

 

$

72.51

 

220

 

 

 

50,372,991

 

 

 

$

53.01

 

$

1,910

 

35,523,057

 

 

 

$

52.66

 

$

1,358

 

 

1

 

Of the 2,960,595 awards granted during the year ended December 31, 2011, 2,722,689 were SARs. Of the 7,556,481 awards granted during the year ended December 31, 2010, 7,125,210 were SARs. Of the 6,823,227 awards granted during the year ended December 31, 2009, 6,260,647 were SARs.

2

 

The difference between a stock award’s exercise price and the underlying stock’s market price at December 31, 2011, for awards with market price greater than the exercise price. Amounts are in millions of dollars.

 

 

TABLE II— Additional Stock-based Award Information

 

(Dollars in millions except per share data)

 

2011

 

2010

 

2009

 

Stock Options/SARs activity:

 

 

 

 

 

 

 

Weighted-average fair value per share of stock awards granted

 

$

36.73

 

$

22.31

 

$

7.10

 

Intrinsic value of stock awards exercised

 

$

618

 

$

518

 

$

77

 

Fair value of stock awards vested

 

$

96

 

$

124

 

$

213

 

Cash received from stock awards exercised

 

$

161

 

$

325

 

$

89

 

 

 

 

 

 

 

 

 

RSUs activity:

 

 

 

 

 

 

 

Weighted-average fair value per share of stock awards granted

 

$

97.51

 

$

53.35

 

$

20.22

 

Fair value of stock awards vested

 

$

143

 

$

99

 

$

10