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Common Stock (Tables)
12 Months Ended
Dec. 31, 2011
Common Stock [Abstract]  
Assumptions used in the pricing model and the weighted average grant-date fair value of stock options granted
                         
Year Ended December 31   2011     2010     2009          

 

 

Expected volatility

    17.5 %      17.4       15.6%      

Expected term (in years)

    5.0       5.0         5.0          

Interest rate

    2.3 %      2.4       1.9%      

Dividend yield

    4.8 %      5.6       5.4%      

Weighted average grant-date fair value

  $ 3.23     $ 2.23       $ 1.80         
Summary of company's activity in the stock option plan 2011
         
   

 Shares Subject

 To Option

 

Weighted Average    

Exercise Price    

 

Outstanding at December 31, 2010

   50,711,586   $32.48     

Granted

      7,100,503      38.13     

Exercised

   (16,800,778)     31.44     

Cancelled

          (54,489)     33.43     

 

Outstanding at December 31, 2011

     40,956,822     $33.88     

 

Exercisable at December 31, 2011

     26,539,300     $33.54     

 

Earnings per share
                         
        Average Common Stock Shares      
    2011     2010     2009    

 

 
    (in millions)    

As reported shares

    857           832         795      

Effect of options

    7           5         1      

 

 

Diluted shares

    864           837         796