Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2013

Share-Based Compensation Plans [Abstract]

Stock Option Activity

Stock option activity for the three years ended December 31, 2013 was:

	2013			2012			2011
	Shares		Weighted Average Exercise Price	Shares		Weighted Average Exercise Price	Shares		Weighted Average Exercise Price
Balance January 1	5,590,880		$25.72	18,301,409		$26.22	24,513,590		$26.64
Options granted	60,000		$70.68	60,000		$49.65	90,000		$45.05
Options exercised	(3,021,200	)	$26.01	(12,673,529	)	$26.47	(6,034,181	)	$28.17
Options (forfeited) reinstated	14,000		$23.40	(97,000	)	$35.98	(268,000	)	$27.15
Balance December 31	2,643,680		$26.39	5,590,880		$25.72	18,301,409		$26.22
Exercisable December 31	2,505,680		$24.67	5,333,880		$24.89	9,672,909		$27.85

Options Outstanding and Exercisable

Options outstanding and exercisable at December 31, 2013 were:

			Options Outstanding			Options Exercisable
Range of Exercise Prices			Shares	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Shares	Weighted Average Exercise Price
$23.40	to	$29.99	2,337,680	5.2 years	$23.60	2,337,680	$23.60
$30.00	to	$44.99	163,000	6.7 years	$38.78	139,000	$37.97
$45.00	to	$59.99	83,000	8.2 years	$48.64	29,000	$47.37
$60.00	to	$70.68	60,000	9.9 years	$70.68	—	—
			2,643,680			2,505,680

Black-Scholes Assumptions and Weighted Average Fair Value Per Share for Options Granted

The Black-Scholes assumptions (without adjusting for the risk of forfeiture and lack of liquidity) and the weighted average fair value per share for options granted were:

	2013	2012	2011
Expected option lives	5 years	5 years	5 years
Risk free interest rate	1.4%	0.8%	0.9	%	-	1.8%
Expected volatility	26.0%	29.5%	27.2	%	-	29.2%
Dividend yield	2.0%	3.1%	2.3	%	-	2.8%
Weighted average fair value per option granted	$14.50	$10.42	$9.57

Restricted Stock Activity

Restricted stock activity for the three years ended December 31, 2013 was:

	2013		2012		2011
Balance January 1	7,241,490		6,038,978		3,026,086
Shares granted	706,900		2,515,127		4,274,807
Shares vested	(1,490,786	)	(981,737	)	(1,096,441	)
Shares forfeited	(366,907	)	(330,878	)	(165,474	)
Balance December 31	6,090,697		7,241,490		6,038,978
Weighted average grant date fair value of shares granted in the period	$60.98		$49.55		$44.51
Weighted average grant date fair value at December 31	$47.47		$45.34		$43.32

Performance Restricted Stock Units Activity

PRSU activity of the three years ended December 31, 2013 was:

	2013				2012				2011
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
Balance January 1	538,948		$	48.74	413,909		$	48.56	—	—
Granted	183,998		57.77		166,426		49.13		413,909	$	48.56
Distributed	(41,391	)	48.56		(41,387	)	48.56		—	—
Forfeited	—		—		—		—		—	—
Balance December 31	681,555		$	51.19	538,948		$	48.74	413,909	$	48.56