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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Outstanding and Exercised Under Various Stock Options Plans

 The following is a summary of stock options outstanding and exercised under various stock option plans of the Company:

 

Year Ended December 31   Stock
Options/Shares
     Weighted-
Average
Exercise Price
       Weighted-Average
Remaining Contractual
Term
       Aggregate
Intrinsic Value
(in millions)
 

2013

              

Number outstanding at beginning of period

    63,171,918       $ 28.83             

Granted

    1,168,011         33.99             

Exercised

    (17,260,740      28.41             

Cancelled (a)

    (354,424      29.22                         

Number outstanding at end of period (b)

    46,724,765       $ 29.12           4.4         $ 527   

Exercisable at end of period

    39,556,000       $ 29.19           3.8         $ 444   

2012

              

Number outstanding at beginning of period

    75,823,941       $ 27.60             

Granted

    4,180,492         28.65             

Exercised

    (15,681,323      23.12             

Cancelled (a)

    (1,151,192      24.90                         

Number outstanding at end of period (b)

    63,171,918       $ 28.83           4.9         $ 196   

Exercisable at end of period

    50,671,654       $ 30.12           4.2         $ 92   

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

 

(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

The following table includes the weighted average estimated fair value and assumptions utilized by the Company for newly issued grants:

 

Year Ended December 31   2013      2012      2011  

Estimated fair value

  $ 12.13       $ 10.19       $ 10.55   

Risk-free interest rates

    1.0      .9      2.5

Dividend yield

    2.6      2.6      2.5

Stock volatility factor

    .49         .49         .47   

Expected life of options (in years)

    5.5         5.5         5.5   

Summary of Certain Stock Option Activity of Company

The following summarizes certain stock option activity of the Company:

 

Year Ended December 31 (Dollars in Millions)   2013      2012      2011  

Fair value of options vested

  $ 41       $ 49       $ 54   

Intrinsic value of options exercised

    144         143         61   

Cash received from options exercised

    489         362         165   

Tax benefit realized from options exercised

    56         75         23   

Stock Options Outstanding Additional Information

Additional information regarding stock options outstanding as of December 31, 2013, is as follows:

 

    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

    4,661,087           5.1         $ 11.39                4,661,087         $ 11.40   

$15.01 – $20.00

    167,391           2.4           19.54                167,391           19.54   

$20.01 – $25.00

    3,390,179           6.2           23.85                2,216,001           23.84   

$25.01 – $30.00

    13,108,918           5.2           29.05                8,276,837           29.29   

$30.01 – $35.00

    17,999,955           3.9           31.97                16,837,858           31.83   

$35.01 – $36.25

    7,397,235           3.1           36.07                7,396,826           36.07   

Total

    46,724,765           4.4         $ 29.12                39,556,000         $ 29.19   

Summary of Status of Company's Restricted Shares of Stock and Unit Awards

A summary of the status of the Company’s restricted shares of stock and unit awards is presented below:

 

    2013    2012           2011  
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

    8,935,743       $ 25.04             8,995,295       $ 22.46             8,811,027       $ 19.74   

Granted

    3,717,635         33.88             3,085,077         28.70             3,136,086         28.20   

Vested

    (3,744,411      22.17             (2,931,820      20.97             (2,552,979      20.15   

Cancelled

    (255,108      29.18             (212,809      25.01             (398,839      22.20   

Outstanding at end of period

    8,653,859      $ 29.96             8,935,743       $ 25.04             8,995,295       $ 22.46