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Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Share-Based Compensation [Abstract]  
Compensation expense recorded in net income for share based compensation plans
                         

 

 
(In millions)   2011     2010     2009    

 

 

Compensation expense

  $ 50     $ 85     $ 83    

Income tax benefit

          (18           (32     (30)   

 

 

Total net compensation cost included in net income

  $ 32     $ 53     $ 53    

 

 
Weighted average assumptions used in Black Scholes
                         

 

 
    2011     2010     2009  

 

 

Dividend yield

    0.3%       0.4%       1.4%  

Expected volatility

        38.0%           37.0%           50.0%  

Risk-free interest rate

    2.4%       2.6%       2.0%  

Expected term (in years)

    5.5          5.5          5.0     

 

 
Stock option activity under the plan
                 
(Options in thousands)   Number of
Options
   

Weighted-
Average
Exercise

Price

 

 

 

Outstanding at beginning of year

    6,926     $     28.15  

Granted

    2,995       25.84  

Exercised

    (177     15.35  

Canceled, expired or forfeited

    (884     27.94  

 

 

Outstanding at end of year

    8,860     $ 27.68  

 

 

Exercisable at end of year

    5,091     $ 30.14  

 

 
Restricted stock units
                                 
    Units Payable in Stock     Units Payable in Cash  
(Shares in thousands)   Number of
Shares
   

Weighted-
Average Grant

Date Fair Value

    Number
of
Shares
    Weighted-  
Average Grant  
Date Fair Value  
 

 

 

Outstanding at beginning of year, nonvested

    762       $      47.55       3,472       $      14.60    

Granted

    373       25.27       695       26.05    

Vested

    (393     (47.36     (863     (13.94)   

Forfeited

    (104     (42.14     (377     (15.94)   

 

 

Outstanding at end of year, nonvested

    638       $      35.53       2,927       $      17.33    

 

 
Performance share units
                 
(Shares in thousands)   Number of
Shares
   

Weighted-  

Average Grant  

Date Fair  
Value  

 

 

 

Outstanding at beginning of year, nonvested

    1,897     $ 9.59    

Granted

    445       26.25    

Vested

    (1,250     (5.65)   

Forfeited

    (233     (13.23)   

 

 

Outstanding at end of year, nonvested

    859     $ 22.98    

 

 
Share-Based Compensation Awards
                         

 

 
(In millions)   2011     2010     2009    

 

 

Subject only to service conditions:

                       

Value of shares, options or units vested

  $         41     $         31     $         42    

Intrinsic value of cash awards paid

    23       13       1    

Subject to performance vesting conditions:

                       

Value of units vested

    33       11       21    

Intrinsic value of cash awards paid

    1       5       10    

Intrinsic value of amounts paid under DIP

    1       9       1