Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Summary of stock-based compensation expense (benefit)

Stock-based compensation expense (benefit), including discontinued operations, was as follows (in millions):



	Three Months Ended September 30,					Nine Months Ended September 30,
	Three Months Ended September 30,					Nine Months Ended September 30,
	2014		2013			2014			2013
Stock appreciation rights (a)	$	4	$	(18	)	$	(2	)	$	6
Performance share awards (b)	3		—			7			10
Market stock units (c)	4		5			12			13
Other stock-based awards (d)	1		—			3			5
Total Stock-Based Compensation Expense (Benefit)	$	12	$	(13	)	$	20		$	34

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(a)	We paid cash of $22 million and $32 million to settle 0.8 million and 1.4 million SARs that were exercised during the nine months ended September 30, 2014 and 2013, respectively. We had $53 million and $76 million recorded in accrued liabilities associated with our SARs awards at September 30, 2014 and December 31, 2013, respectively.


(b)	We granted 0.2 million performance share awards, including awards with performance and market conditions, at a weighted average grant date fair value of $53.89 per share under the amended and restated 2011 Long-Term Incentive Plan (“2011 Plan”) during the nine months ended September 30, 2014.


(c)	We granted 0.5 million market stock units at a weighted average grant date fair value of $59.83 per unit under the 2011 Plan during the nine months ended September 30, 2014.


(d)	We have aggregated expenses for certain award types as they are not considered significant.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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