Stock-Based Compensation

6 Months Ended

Jun. 30, 2011

Stock Based Compensation [Abstract]

Stock-Based Compensation

Note 17. Stock-Based Compensation

     In accordance with the Company’s 2004 Long-Term Incentive Compensation Plan, during the six month period ended June 30, 2011, the Company granted stock options, restricted shares and units to executive officers, Board of Directors and certain employees. The Company granted approximately 301,000 stock options that had a weighted average grant date fair value of $21.84 per option. The weighted average exercise price of these options was $61.28. In addition, the Company granted approximately 1,326,000 restricted shares and units that had a weighted average grant date fair value of $60.96 per share or unit.

     The Company recorded stock-based employee compensation expense, including the impact of reimbursements from third parties, of $18 million and $37 million, in the three and six months ended June 30, 2011, respectively, and $18 million and $35 million in the three and six months ended June 30, 2010, respectively.

     As of June 30, 2011, there was approximately $21 million of unrecognized compensation cost, net of estimated forfeitures, related to non-vested options, which is expected to be recognized over a weighted-average period of 1.23 years on a straight-line basis.

     As of June 30, 2011, there was approximately $89 million of unrecognized compensation cost, net of estimated forfeitures, related to restricted shares and units, which is expected to be recognized over a weighted-average period of 1.14 years on a straight-line basis.