XML 87 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Stock-based Compensation [Abstract]  
Summary of stock options outstanding and exercised under various stock options plans
                                 
Year Ended December 31   Stock
Options/Shares
    Weighted-
Average
Exercise Price
    Weighted-Average
Remaining
Contractual Term
    Aggregate
Intrinsic Value
(in millions)
 

2011

                               

Number outstanding at beginning of period

    85,622,705     $ 26.80                  

Granted

    4,063,369       28.66                  

Exercised

    (8,508,107     19.49                  

Cancelled (a)

    (5,354,026     28.44                  

Number outstanding at end of period (b)

    75,823,941     $ 27.60       5.2     $ (42

Exercisable at end of period

    57,039,334     $ 29.14       4.4     $ (120

2010

                               

Number outstanding at beginning of period

    88,379,469     $ 26.49                  

Granted

    5,417,631       23.98                  

Exercised

    (5,769,586     19.38                  

Cancelled (a)

    (2,404,809     27.03                  

Number outstanding at end of period (b)

    85,622,705     $ 26.80       5.5     $ 15  

Exercisable at end of period

    57,542,065     $ 28.28       4.4     $ (76

2009

                               

Number outstanding at beginning of period

    82,293,011     $ 29.08                  

Granted

    14,316,237       12.04                  

Exercised

    (1,085,328     19.98                  

Cancelled (a)

    (7,144,451     28.33                  

Number outstanding at end of period (b)

    88,379,469     $ 26.49       6.1     $ (352

Exercisable at end of period

    50,538,048     $ 27.52       4.5     $ (253

 

(a) Options cancelled include both non-vested (i.e., forfeitures) and vested options.
(b) Outstanding options include stock-based awards that may be forfeited in future periods. The impact of the estimated forfeitures is reflected in compensation expense.
Weighted average estimated fair value and assumptions utilized by company for newly issued grants
                         
Year Ended December 31   2011     2010     2009  

Estimated fair value

  $ 10.55     $ 8.36     $ 3.39  

Risk-free interest rates

    2.5     2.5     1.8

Dividend yield

    2.5     3.0     4.2

Stock volatility factor

    .47       .47       .44  

Expected life of options (in years)

    5.5       5.5       5.5  
Stock option activity of the company
                         
Year Ended December 31 (Dollars in Millions)   2011     2010     2009  

Fair value of options vested

  $ 54     $ 61     $ 74  

Intrinsic value of options exercised

    61       35       3  

Cash received from options exercised

    165       112       22  

Tax benefit realized from options exercised

    23       13       1  
Stock options outstanding additional information
                                             
    Outstanding Options          Exercisable Options  
Range of Exercise Prices   Shares     Weighted-
Average
Remaining
Contractual
Life (Years)
    Weighted-
Average
Exercise
Price
         Shares     Weighted-
Average
Exercise
Price
 

$11.02 - $15.00

    10,225,221       7.1     $ 11.42           4,141,927     $ 11.43  

$15.01 - $20.00

    212,080       4.4       19.28           182,151       19.50  

$20.01 - $25.00

    10,530,634       4.3       22.68           6,814,608       22.05  

$25.01 - $30.00

    17,848,881       4.8       29.12           13,566,583       29.32  

$30.01 - $35.00

    27,400,486       5.2       31.65           22,727,835       31.55  

$35.01 - $36.25

    9,606,639       5.0       36.07           9,606,230       36.07  
      75,823,941       5.2     $ 27.60           57,039,334     $ 29.14  
Summary of the status of the Company's restricted shares of stock and unit awards
                                                         
    2011          2010          2009  
Year Ended December 31   Shares    

Weighted-
Average Grant-
Date Fair

Value

         Shares    

Weighted-
Average Grant-
Date Fair

Value

         Shares     Weighted-
Average
Grant-Date
Fair Value
 

Nonvested Shares

                                                       

Outstanding at beginning of period

    8,811,027     $ 19.74           6,788,203     $ 16.68           2,420,535     $ 32.42  

Granted

    3,136,086       28.20           4,398,660       24.05           5,435,363       12.09  

Vested

    (2,552,979     20.15           (1,862,228     18.71           (869,898     31.84  

Cancelled

    (398,839     22.20           (513,608     20.00           (197,797     16.52  

Outstanding at end of period

    8,995,295 (a)    $ 22.46           8,811,027     $ 19.74           6,788,203     $ 16.68  

 

(a) Includes maximum number of shares to be received by participants under awards that are based on the achievement of certain future performance criteria by the Company.