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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of Stock-Based Compensation Expense Related To Income Tax Benefits

Stock-based compensation expense and related income tax benefits were as follows:

 

     Three Months Ended
June  30,
     Six Months Ended
June  30,
 

In millions

   2012      2011      2012      2011  

Total stock-based compensation expense (selling and administrative)

   $ 13       $ 22       $ 44       $ 49   

Income tax benefits related to stock-based compensation

     0         0         40         33   
Assumptions Used to Determine Compensation Cost for Market Condition Component of Performance Share Program Plan

The following table sets forth the assumptions used to determine compensation cost for the market condition component of the PSP plan:

 

     Three Months Ended
June  30, 2012
     Six Months Ended
June 30, 2012
 

Expected volatility

     24.75% - 55.33%         24.75% - 55.33%   

Risk-free interest rate

     0.12% -   0.42%         0.12% -   0.42%   
Summary of Performance Share Plan Activity

The following summarizes the activity for PSP for the six months ended June 30, 2012:

 

     Nonvested
Shares /  Units
    Weighted Average
Grant  Date
Fair Value
 

Outstanding at December 31, 2011

     8,060,059      $ 22.83   

Granted

     3,641,911        31.57   

Shares Issued (a)

     (2,832,849     16.68   

Forfeited

     (78,285     28.96   
  

 

 

   

 

 

 

Outstanding at June 30, 2012

     8,790,836      $ 28.38   
  

 

 

   

 

 

 

 

(a) Includes 34,280 shares/units held for payout at the end of the performance period.
Summary Of Option Activity

A summary of option activity under the plan as of June 30, 2012 is presented below:

 

     Options     Weighted
Average
Exercise Price
     Weighted
Average
Remaining Life
(years)
     Aggregate
Intrinsic
Value
(millions)
 

Outstanding at December 31, 2011

     15,556,786      $ 38.13         

Granted

     2,513        35.94         

Exercised

     (637,375     32.85         

Expired

     (2,846,450     41.31         
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at June 30, 2012

     12,075,474      $ 37.65         1.39       $ 0   
  

 

 

   

 

 

    

 

 

    

 

 

 
Summary Of Activity Of Executive Continuity And Restricted Stock Award Program

The following summarizes the activity of the Executive Continuity and Restricted Stock Award Program for the six months ended June 30, 2012:

 

     Nonvested
Shares
    Weighted Average
Grant  Date
Fair Value
 

Outstanding at December 31, 2011

     128,917      $ 27.86   

Granted

     70,715        32.05   

Shares Issued

     (24,250     26.88   

Forfeited

     0        0   
  

 

 

   

 

 

 

Outstanding at June 30, 2012

     175,382      $ 29.69