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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Expense Recognized in Connection with Share Based Awards
The following table presents the impact of the expense recognized in connection with share-based awards for the periods ended December 31.
(In millions, except for per-share amounts)
2014
 
2013
 
2012
Impact on earnings from continuing operations
 
$
41

 
 
 
$
37

 
 
 
$
37

 
Impact on earnings before income taxes
 
41

 
 
 
37

 
 
 
37

 
Impact on net earnings
 
28

 
 
 
25

 
 
 
26

 
Impact on net earnings per share:
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
.06

 
 
 
$
.05

 
 
 
$
.06

 
Diluted
 
.06

 
 
 
.05

 
 
 
.06

 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table presents the assumptions used in valuing options granted during the years ended December 31.
 
2014
 
2013
 
2012
Expected term (years)
 
6.3
 
 
 
6.6
 
 
 
6.5
 
Expected volatility
 
30.0
%
 
 
34.0
%
 
 
38.0
%
Annual forfeiture rate
 
2.7
 
 
 
1.6
 
 
 
1.6
 
Risk-free interest rate
 
2.8
 
 
 
1.8
 
 
 
2.1
 
Dividend yield
 
2.3
 
 
 
2.6
 
 
 
1.3
 
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes stock option activity.
(In thousands of shares)
Stock
Option
Shares
 
Weighted-Average
Exercise Price
Per Share
Outstanding at December 31, 2011
 
14,563

 
 
 
$
42.76

 
Granted in 2012
 
784

 
 
 
47.25

 
Canceled in 2012
 
(134
)
 
 
 
48.59

 
Exercised in 2012
 
(2,476
)
 
 
 
32.27

 
Outstanding at December 31, 2012
 
12,737

 
 
 
45.00

 
Granted in 2013
 
703

 
 
 
52.86

 
Canceled in 2013
 
(179
)
 
 
 
44.79

 
Exercised in 2013
 
(3,281
)
 
 
 
40.52

 
Outstanding at December 31, 2013
 
9,980

 
 
 
47.03

 
Granted in 2014
 
678

 
 
 
61.81

 
Canceled in 2014
 
(115
)
 
 
 
52.01

 
Exercised in 2014
 
(1,236
)
 
 
 
41.04

 
Outstanding at December 31, 2014
 
9,307

 
 
 
$
48.84

 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable
(In thousands of shares)
2014
 
2013
 
2012
Shares exercisable, end of year
 
7,497

 
 
 
8,042

 
 
 
10,635

 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about stock options outstanding and exercisable at December 31, 2014.
(In thousands of shares)
 
 
Options Outstanding
 
Options Exercisable
 
Range of
Exercise Prices
Per Share
 
 
Stock Option
Shares
Outstanding
 
Wgtd.-Avg.
Remaining
Contractual
Life (Yrs.)
 
Wgtd.-Avg.
Exercise
Price
Per Share
 
Stock Option
Shares
Exercisable
 
Wgtd.-Avg.
Exercise
Price
Per Share
 
$
14.99

-
$
43.07

 
 
 
2,028

 
 
 
3.8
 
 
 
$
34.46

 
 
 
1,945

 
 
 
$
34.20

 
 
43.28

-
47.25

 
 
 
2,144

 
 
 
3.1
 
 
 
45.93

 
 
 
2,046

 
 
 
45.93

 
 
47.33

-
51.91

 
 
 
1,883

 
 
 
5.4
 
 
 
48.97

 
 
 
1,109

 
 
 
48.86

 
 
52.14

-
61.81

 
 
 
2,479

 
 
 
4.5
 
 
 
58.65

 
 
 
2,296

 
 
 
58.79

 
 
61.84

-
67.67

 
 
 
773

 
 
 
8.5
 
 
 
62.85

 
 
 
101

 
 
 
64.63

 
 
$
14.99

-
$
67.67

 
 
 
9,307

 
 
 
4.5
 
 
 
$
48.84

 
 
 
7,497

 
 
 
$
47.51

 
Schedule of Cash Proceeds Received from Share-based Payment Awards
The following table summarizes stock option activity during the years ended December 31.
(In millions)
2014
 
2013
 
2012
Total intrinsic value of options exercised
 
$
25

 
 
 
$
66

 
 
 
$
41

 
Cash received from options exercised
 
39

 
 
 
113

 
 
 
35

 
Tax benefit realized as a result of options exercised and
restricted stock releases
 
17

 
 
 
30

 
 
 
24

 
Schedule of Nonvested Restricted Stock Units Activity
The value of restricted stock awards is based on the fair market value of our common stock at the date of grant. The following table summarizes restricted stock activity during the years ended December 31. 
(In thousands of shares)
Shares
 
Weighted-Average
Grant-Date
Fair Value
Per  Share
Restricted stock at December 31, 2011
 
1,350

 
 
 
$
40.92

 
Granted in 2012
 
637

 
 
 
48.18

 
Canceled in 2012
 
(56
)
 
 
 
48.22

 
Vested in 2012
 
(568
)
 
 
 
26.13

 
Restricted stock at December 31, 2012
 
1,363

 
 
 
50.19

 
Granted in 2013
 
782

 
 
 
52.77

 
Canceled in 2013
 
(56
)
 
 
 
48.63

 
Vested in 2013
 
(418
)
 
 
 
47.49

 
Restricted stock at December 31, 2013
 
1,671

 
 
 
52.12

 
Granted in 2014
 
584

 
 
 
62.12

 
Canceled in 2014
 
(27
)
 
 
 
52.66

 
Vested in 2014
 
(348
)
 
 
 
56.95

 
Restricted stock at December 31, 2014
 
1,880

 
 
 
$
54.33