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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Company's Share-Based Compensation Activity and Related Information

A summary of the Company’s share-based compensation activity and related information is as follows:

 

     2012  
     Shares (1)     Weighted-
Average
Exercise
Price (2)
 
     (In thousands)        

Outstanding at beginning of year

     5,987      $ 45   

Granted

     1,003        63   

Exercised

     (1,834     41   

Forfeited

     (56     52   
  

 

 

   

Outstanding at end of year (3)

     5,100      $ 50   
  

 

 

   

Exercisable at end of year

     2,993      $ 45   
  

 

 

   

Shares available for future grants

     2,961     
  

 

 

   

 

 

(1) Shares include Restricted Stock Units (RSUs).

 

(2) The weighted-average exercise price excludes RSUs.

 

(3) The exercise prices for options and SARs outstanding as of December 31, 2012 ranged from approximately $37 to $63. The weighted-average remaining contractual life of all options and SARs outstanding is approximately six years.
Summary of Company's Nonvested Share Awards (RSUs) Activity

A summary of the Company’s nonvested share awards (RSUs) activity is as follows:

 

Nonvested Share Awards (RSUs)

   Shares     Weighted-
Average Grant
Date Fair
Value
 
     (In thousands)        

Nonvested at January 1, 2012

     222      $ 48   

Granted

     145        63   

Vested

     (40     51   

Forfeited

     (11     49   
  

 

 

   

Nonvested at December 31, 2012

     316      $ 54