Stock-Based Associate Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2011

Assumptions Used in Option Grants Issued

The following weighted average assumptions were used for option grants issued during 2011 and 2010 in determining fair value:

	2011		2010
Weighted-average expected term		9 years		8 years
Expected volatility		26.06-26.12%		27.11-27.16%
Dividend yield		4.70-5.29%		5.41-5.94%
Risk-free rates		2.86-3.41%		3.49-3.52%
Weighted-average fair value of options granted during the period	$	7.29	$	5.13

Stock Option Information

Here is a summary of options information:

(Dollars in millions, shares in thousands)	Shares			Weighted- average exercise price		Aggregate intrinsic value
Outstanding at January 1, 2011		9,690		$	36.59
Granted		891			33.98
Exercised		(28	)		26.83
Forfeited or expired		(1,196	)		33.94
Outstanding at December 31, 2011		9,357			36.71	$	6
Options exercisable at end of period		7,913		$	37.75	$	4

Options Outstanding and Exercisable

Options outstanding and exercisable consisted of the following at December 31, 2011:

(Shares in thousands)
	Options outstanding						Options exercisable
Range of exercise prices	Shares		Weighted-average remaining contractual life		Weighted- average exercise price		Shares		Weighted- average exercise price
$25.00 to $29.99		1,615		7.35   yrs	$	26.59		1,045	$	26.58
$30.00 to $34.99		2,847		3.22   yrs		33.76		1,973		33.67
$35.00 to $39.99		1,880		3.46   yrs		38.79		1,880		38.79
$40.00 to $44.99		1,813		3.49   yrs		42.56		1,813		42.56
$45.00 to $49.99		1,202		3.88   yrs		45.26		1,202		45.26
Total		9,357		4.12   yrs		36.71		7,913		37.75

Restricted Stock Unit Information

Here is a summary of restricted stock unit information for 2011:

(Shares in thousands)	Service-based shares			Weighted- average grant- date fair value		Performance-based  shares			Weighted- average grant- date fair value
Nonvested at January 1, 2011		716		$	26.00		149		$	26.08
Granted		298			29.59		51			30.96
Vested		(433	)		28.46		0			0.00
Forfeited or canceled		(18	)		24.77		(44	)		32.56
Nonvested at December 31, 2011		563			26.05		156			25.86