Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Black-Scholes-Merton Option Pricing Model

Black-Scholes-Merton option pricing model. The fair market value of the stock options was determined using the following weighted average assumptions:

	2012			2011
Expected volatility		39.71	%		36.69	%
Risk-free interest rate		1.18	%		2.54	%
Expected life (years)		6.25			6.25
Expected dividend yield		5.06	%		4.57	%

Summary of Stock Option Activity

The following table is a summary of the Company’s stock option activity:

	Shares Under Option (Thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value (millions)
Outstanding at December 31, 2011		3,995		$	20.75		5.9	$	9.5
Granted		1,221			13.22		9.4
Exercised		(197	)		7.09
Cancelled/forfeited/expired		(276	)		29.12
Outstanding at September 30, 2012		4,743		$	18.89		6.5	$	3.8
Exercisable at September 30, 2012		713		$	7.09		6.4	$	2.5

Nonvested Restricted Stock Unit Awards

Nonvested restricted stock unit awards as of September 30, 2012 and December 31, 2011, and changes during the nine months ended September 30, 2012, were as follows:

	Shares (Thousands)			Weighted Average Grant Date Fair Value
Nonvested at December 31, 2011		4,989		$	13.94
Granted		1,048			10.53
Vested		(2,617	)		15.25
Forfeited		(100	)		12.82
Nonvested at September 30, 2012		3,320		$	11.86

Nonvested Performance Share Unit Awards

Nonvested performance share unit awards as of September 30, 2012 and December 31, 2011, and changes during the nine months ended September 30, 2012, were as follows:

	Shares (Thousands)		Weighted Average Grant Date Fair Value
Nonvested at December 31, 2011		235	$	15.54
Granted		233		10.12
Nonvested at September 30, 2012		468	$	12.84