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Stock Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2012
Stock Compensation Plans  
Stock-based compensation expense recognized in continuing operations

 

Three months ended

 

 

 

March 31,

 

 

 

2012

 

2011

 

Restricted stock units (“RSUs”)

 

$

49

 

$

45

 

Performance Share Awards (“PSAs”)

 

2

 

25

 

Stock options

 

2

 

3

 

Employee stock purchase plans

 

2

 

1

 

Total share-based compensation expense

 

$

55

 

$

74

 

 

Non-vested stock awards

 

Three months ended March 31,

 

 

 

2012

 

2011

 

 

 

Shares

 

Fair Value (1)

 

Shares

 

Fair Value (1)

 

Non-vested at beginning of period

 

9,916

 

$

42

 

10,674

 

$

38

 

Granted

 

2,278

 

47

 

2,384

 

52

 

Vested

 

(2,022

)

43

 

(2,071

)

39

 

Forfeited

 

(179

)

44

 

(94

)

39

 

Non-vested at end of period

 

9,993

 

43

 

10,893

 

41

 

 

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

Performance-based plans

 

 

 

2012

 

2011

 

2010

 

Target PSAs granted

 

1,353

 

1,715

 

1,390

 

Fair value (1)

 

$

47

 

$

50

 

$

39

 

Number of shares that would be issued based on current performance levels

 

1,353

 

1,158

 

1,299

 

Unamortized expense, based on current performance levels

 

$

63

 

$

36

 

$

12

 

 

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

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

 

 

 

Three months ended March 31,

 

 

 

2012

 

2011

 

Weighted average volatility

 

N/A

 

26.1

%

Expected dividend yield

 

N/A

 

1.3

%

Risk-free rate

 

N/A

 

2.2

%

 

 

 

 

 

 

Weighted average expected life, in years

 

N/A

 

5.5

 

Weighted average estimated fair value per share

 

N/A

 

$

10.92

 

Stock options and related information

 

 

 

Three months ended March 31,

 

 

 

2012

 

2011

 

 

 

Shares

 

Weighted- Average
Exercise Price

 

Shares

 

Weighted- Average
Exercise Price

 

Beginning outstanding

 

9,116

 

$

32

 

13,919

 

$

32

 

Granted

 

 

 

80

 

53

 

Exercised

 

(1,032

)

35

 

(2,344

)

33

 

Forfeited and expired

 

(12

)

40

 

(127

)

37

 

Outstanding at end of period

 

8,072

 

31

 

11,528

 

32

 

Exercisable at end of period

 

7,173

 

30

 

9,461

 

30

 

 

Other information related to the company's stock options

 

Three months ended

 

 

 

March 31,

 

 

 

2012

 

2011

 

Aggregate intrinsic value of stock options exercised

 

$

13

 

$

41

 

Cash received from the exercise of stock options

 

37

 

82

 

Tax benefit realized from the exercise of stock options

 

1

 

7