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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Activity
The following table recaps the components of stock-based and stock-related compensation for each period presented:
 
 
Six Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
To be settled with stock
 
To be settled in cash
 
To be settled with stock
 
To be settled in cash
Options (1):
 
 
 
 
 
 
 
         Amortization of the grant date fair value
$
1.0

 
$

 
$
3.2

 
$

         Cash payments in lieu of options

 
.8

 

 
.3

Stock-based retirement plans contributions
3.9

 
.7

 
3.3

 
.6

Discounts on various stock awards:

 
 
 

 
 
Deferred Stock Compensation Program
1.0

 

 
.6

 

Stock-based retirement plans
.7

 

 
.7

 

Discount Stock Plan
.5

 

 
.5

 

Performance Stock Unit awards (2)
3.2

 
3.4

 
3.3

 

Profitable Growth Incentive awards (1)
.5

 
.5

 

 

Restricted Stock Unit awards
2.6

 

 
1.4

 

Other, primarily non-employee directors restricted stock
.7

 

 
.4

 

Total stock-related compensation expense
14.1

 
$
5.4

 
13.4

 
$
.9

Employee contributions for above stock plans
6.1

 
 
 
4.9

 
 
Total stock-based compensation
$
20.2

 
 
 
$
18.3

 
 
Recognized tax benefits on stock-based compensation expense
$
5.4

 
 
 
$
5.1

 
 

 
Three Months Ended
June 30,
 
Three Months Ended
June 30,
 
2013
 
2012
 
To be settled with stock
 
To be settled in cash
 
To be settled with stock
 
To be settled in cash
Options (1):
 
 
 
 
 
 
 
         Amortization of the grant date fair value
$
.5

 
$

 
$
.9

 
$

         Cash payments in lieu of options

 

 

 

Stock-based retirement plans contributions
1.6

 
.2

 
1.4

 
.2

Discounts on various stock awards:
 
 
 
 
 
 
 
Deferred Stock Compensation Program
.3

 

 
.1

 

Stock-based retirement plans
.2

 

 
.2

 

Discount Stock Plan
.2

 

 
.3

 

Performance Stock Unit awards (2)
1.6

 
(.9
)
 
1.6

 
.1

Profitable Growth Incentive awards (1)
.3

 
.3

 

 

Restricted Stock Unit awards
.9

 

 
.6

 

Other, primarily non-employee directors restricted stock
.2

 

 
.2

 

Total stock-related compensation expense
5.8

 
$
(.4
)
 
5.3

 
$
.3

Employee contributions for above stock plans
2.9

 
 
 
2.5

 
 
Total stock-based compensation
$
8.7

 
 
 
$
7.8

 
 
Recognized tax benefits on stock-based compensation expense
$
2.3

 
 
 
$
2.0

 
 
 


(1)
Stock Option Grants and Profitable Growth Incentive Awards
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
 
Six Months Ended
June 30,
 
2013
 
2012
Total shares base award
234,117
 
282,040
Grant date per share fair value
$
27.60

 
$
23.79

Risk-free interest rate
.4
%
 
.4
%
Expected life in years
3.0

 
3.0

Expected volatility (over expected life)
29.1
%
 
35.0
%
Expected dividend yield (over expected life)
4.2
%
 
4.8
%