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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
Restricted common stock (restricted stock) and restricted stock units (stock units) activity for the year ended December 31, 2011, was as follows:
Restricted stock and stock units outstanding as of January 1, 2011
1,878,022

Granted
915,054

Converted AE restricted stock
645,197

Exercised
(984,543
)
Forfeited
(100,596
)
Restricted stock and stock units outstanding as of December 31, 2011
2,353,134

Schedule of Restricted Stock Grants Under LTIP
Restricted stock grants under the LTIP were as follows:
 
 
2011
 
2010
 
2009
Restricted stock granted
 
297,859

 
71,752

 
73,255

Weighted average market price
 
$
38.44

 
$
38.43

 
$
43.68

Weighted average vesting period (years)
 
2.27

 
4.74

 
4.42

Dividends restricted
 
Yes

 
Yes

 
Yes

Schedule of Vesting Activity for Restricted Stock
Vesting activity for restricted stock during 2011 was as follows (forfeitures were not material):
Restricted Stock
 
Number of Shares
 
Weighted Average Grant-Date Fair Value
Nonvested as of January 1, 2011
 
475,914

 
$
51.26

Nonvested as of December 31, 2011
 
654,696

 
$
45.26

Granted in 2011
 
297,859

 
$
38.44

Vested in 2011
 
121,573

 
$
41.10

Schedule of Restricted Stock Units Granted and Weighted Average Vesting Period
 
 
2011
 
2010
 
2009
Restricted stock units granted
 
617,195

 
511,418

 
533,399

Weighted average vesting period (years)
 
3.00

 
3.00

 
3.00

Schedule of Vesting Activity for Stock Units
Vesting activity for stock units during 2011 was as follows (forfeitures were not material):
Restricted Stock Units
 
Number of Shares
 
Weighted Average Grant-Date Fair Value
Nonvested as of January 1, 2011
 
1,402,108

 
$
48.40

Nonvested as of December 31, 2011
 
1,566,679

 
$
40.20

Granted in 2011
 
617,195

 
$
36.80

Vested in 2011
 
444,818

 
$
37.37

Schedule of Stock Option Activity
Stock option activity during 2011 was as follows:
Stock Option Activity
 
Number of Shares
 
Weighted Average Grant-Date Fair Value
Balance, January 1, 2011 (2,889,066 options exercisable)
 
2,889,066

 
$
35.18

Options granted
 
662,122

 
37.75

Converted Allegheny options
 
1,805,811

 
41.75

Options exercised
 
(973,817
)
 
31.48

Options forfeited
 
(127,197
)
 
70.19

Balance, December 31, 2011 (3,593,863 options exercisable)
 
4,255,985


$
38.17

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
Options outstanding and range of exercise prices as of December 31, 2011, were as follows:
 
 
Options Outstanding and Exercisable
Range of Exercise Prices
 
Shares
 
Weighted Average Exercise Price
 
Remaining Contractual Life
$20.02-$30.74
 
959,752

 
$
26.88

 
1.50

$30.74-$40.93
 
2,962,802

 
$
37.42

 
3.79

$42.72-$51.82
 
415

 
$
44.35

 
2.16

$53.06-$62.97
 
33,215

 
$
54.11

 
3.34

$64.52-$71.82
 
6,670

 
$
68.44

 
4.99

$73.38-$80.47
 
291,797

 
$
80.22

 
3.44

$81.19-$89.59
 
1,334

 
$
81.19

 
5.33

Total
 
4,255,985

 
$
38.17

 
$
3.25