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Stock Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2011
Stock Compensation Plans  
Stock-based compensation expense recognized in continuing operations

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Restricted stock units (“RSUs”)

 

$

33

 

$

29

 

$

78

 

$

70

 

Performance plans

 

10

 

22

 

35

 

41

 

Stock options

 

2

 

5

 

5

 

10

 

Employee stock purchase plans

 

2

 

1

 

3

 

2

 

Total stock-based compensation expense

 

$

47

 

$

57

 

$

121

 

$

123

Non-vested stock awards

 

 

 

Six months ended June 30,

 

 

 

2011

 

2010

 

 

 

Shares

 

Fair
Value (1)

 

Shares

 

Fair
Value (1)

 

Non-vested at beginning of period

 

10,674

 

$

38

 

12,850

 

$

36

 

Granted

 

4,590

 

51

 

4,643

 

39

 

Vested

 

(4,550

)

42

 

(5,235

)

36

 

Forfeited

 

(283

)

40

 

(248

)

36

 

Non-vested at end of period

 

10,431

 

42

 

12,010

 

37

 

 

 

(1) Represents per share weighted average fair value of award at date of grant

Performance-based plans

 

 

 

 

As of June 30,

 

 

 

2011

 

2010

 

Potential RSUs to be issued based on current performance levels

 

5,777

 

5,343

 

Unamortized expense, based on current performance levels

 

$

129

 

$

139

Weighted average assumptions, average expected life and estimated fair value of employee stock options

 

 

 

 

Three months ended June 30,

 

Six months ended June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Weighted average volatility

 

N/A

 

25.4

%

26.1

%

28.5

%

Expected dividend yield

 

N/A

 

1.4

%

1.3

%

1.6

%

Risk-free rate

 

N/A

 

3.0

%

2.2

%

3.0

%

 

 

 

 

 

 

 

 

 

 

Weighted average expected life, in years

 

N/A

 

6.1

 

5.5

 

6.1

 

Weighted average estimated fair value per share

 

N/A

 

$

10.99

 

$

10.92

 

$

10.37

Stock options and related information

 

 

 

Six months ended June 30,

 

 

 

2011

 

2010

 

 

 

Shares

 

Weighted-
Average
Exercise Price

 

Shares

 

Weighted-
Average
Exercise
Price

 

Outstanding at beginning of period

 

13,919

 

$

32

 

15,937

 

$

33

 

Granted

 

80

 

53

 

143

 

38

 

Exercised

 

(3,554

)

32

 

(1,948

)

31

 

Forfeited and expired

 

(216

)

37

 

(242

)

32

 

Outstanding at end of period

 

10,229

 

32

 

13,890

 

33

 

Exercisable at end of period

 

8,804

 

30

 

9,273

 

32

Other information related to the company's stock options

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Aggregate intrinsic value of stock options exercised

 

$

24

 

$

6

 

$

65

 

$

21

 

Cash received from the exercise of stock options

 

39

 

28

 

121

 

60

 

Tax benefit realized from the exercise of stock options

 

5

 

3

 

12

 

4