Preferred and Common Stock (Tables)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Schedule of Share Activity

Share Activity (number of shares)

	Common stock
	Treasury			Outstanding
Balance at end of 2010		119,362,029			1,022,025,965
Private placement		-			36,518,563
Issued for stock-based compensation plans		(5,867,538	)		5,867,538
Balance at end of 2011		113,494,491			1,064,412,066
Issued for stock-based compensation plans		(2,799,887	)		2,799,887
Balance at end of 2012		110,694,604			1,067,211,953
Conversion of convertible notes		-			310
Issued for stock-based compensation plans		(3,798,899	)		3,798,899
Balance at end of 2013		106,895,705			1,071,011,162

Schedule of Share-Based Compensation

Features based on date of original grant for stock options outstanding as of December 31, 2013 were as follows:

Date of original grant	Vesting	Term		Reload feature
2008 - 2009	3 years (1/3 each year)		6 years		None
2010 and forward	3 years (1/3 each year)		10 years		None

Schedule of Total Compensation Expense Recognized for All Stock Options and Awards

The following table summarizes the total compensation expense recognized for all stock options and stock awards (there was no stock-based compensation expense capitalized in 2013, 2012, or 2011):

	2013		2012		2011
Compensation expense recognized:
Stock option grants	$	21	$	27	$	34
Stock award grants		50		40		49
Total compensation expense before income taxes		71		67		83
Benefit for income taxes		23		21		27
Total compensation expense, net of income taxes	$	48	$	46	$	56

Schedule of Fair Value of New Options

The fair value of new options was estimated on the date of grant using a lattice-pricing model with the following assumptions:

	2013			2012			2011
Weighted average fair value per option	$	2.24		$	3.11		$	4.96
Average risk-free interest rate		0.10-1.89	%		0.06-1.89	%		0.19-3.44	%
Dividend yield		1.3	%		0.9	%		0.9	%
Volatility		28-40	%		39-45	%		36-43	%
Annual forfeiture rate		7	%		5	%		5	%
Exercise behavior		45	%		45	%		45	%
Life (years)		6.0			5.8			5.8

Schedule of Activity for Stock Options

The activity for stock options was as follows (options in millions):

	Number of options			Weighted average exercise price
Outstanding, January 1, 2013		45.0		$	12.58
Granted		8.0			8.88
Exercised		(1.6	)		8.32
Expired or forfeited		(6.1	)		22.13
Outstanding, December 31, 2013		45.3			10.78

Schedule of Options Fully Vested and/or Expected to Vest

Options Fully Vested and/or Expected to Vest*

Range of exercise price	Number		Weighted average remaining contractual life		Weighted average exercise price		Intrinsic Value
$8.33		16.3		1.06	$	8.33	$	38
$8.34 - $11.33		17.1		8.22		9.60		17
$11.34 - $17.40		10.8		6.14		14.46		-
$17.41 - $34.84		1.1		0.05		28.92		-
Total		45.3		4.94		10.78	$	55

* Expected forfeitures are immaterial to the Company and are not reflected in the table above.

Schedule of Options Fully Vested and Exercisable

Options Fully Vested and Exercisable

Range of exercise price	Number		Weighted average remaining contractual life		Weighted average exercise price		Intrinsic Value
$8.33		16.3		1.06	$	8.33	$	38
$8.34 - $11.33		3.3		7.40		10.18		1
$11.34 - $17.40		9.7		6.10		14.23		-
$17.41 - $34.84		1.1		0.05		28.92		-
Total		30.4		3.31		11.16	$	39

Summary of Outstanding Stock and Performance Share Awards

The following table summarizes the outstanding stock and performance share awards (awards in millions):

	Stock Awards			Performance Share Awards			Total			Weighted average FMV per award
Outstanding, January 1, 2013		7.9			4.0			11.9		$	12.96
Granted		5.5			2.5			8.0			8.86
Converted		(2.6	)		(0.7	)		(3.3	)		13.51
Forfeited		(0.4	)		(0.6	)		(1.0	)		10.76
Performance share adjustment		-			0.3			0.3			10.96
Outstanding, December 31, 2013		10.4			5.5			15.9			10.88

Schedule of Unrecognized Compensation Expense

As of December 31, 2013, the following table summarizes the unrecognized compensation expense expected to be recognized in future periods:

	Stock-based compensation expense (pretax)
2014	$	36
2015		18
2016		1
Totals	$	55