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Stock Compensation Plans (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Stock Compensation Plans    
Schedule of stock-based compensation expense recognized in the selling, general and administrative line item of the consolidated statements of operations

 

 

 

 

Three months ended
September 30,

 

Nine months ended
September 30,

 

(in millions)

 

2013

 

2012

 

2013

 

2012

 

Total stock-based compensation expense (pretax)

 

$

5.5

 

$

3.6

 

$

37.1

 

$

10.9

 

 

 

Year ended December 31,
(in millions) 

 

Amount

 

2012

 

$

12.4

 

2011

 

17.6

 

2010

 

17.1

 

Schedule of weighted-average assumptions for estimating fair value of stock options granted

 

 

 

 

Nine months ended
September 30, 2013

 

Risk-free interest rate

 

1.38

%

Dividend yield

 

 

Volatility

 

56.64

%

Expected term (in years)

 

7

 

Fair value of stock

 

$

3.50

 

Fair value of options

 

$

1.99

 

 

 

 

 

Year ended December 31,

 

 

 

2012

 

2011

 

2010

 

Risk-free interest rate

 

1.45

%

2.86

%

3.03

%

Dividend yield

 

 

 

 

Volatility

 

51.77

%

54.65

%

51.40

%

Expected term (in years)

 

7

 

7

 

7

 

Fair value of stock (a)

 

$

3.00

 

$

3.00

 

$

3.00

 

Fair value of options

 

$

1.60

 

$

1.73

 

$

1.66

 

 

 

(a)                  The fair value of the stock increased from $3.00 to $3.50 effective March 31, 2012.

Summary of stock option activity

 

 

(options in millions)

 

Options

 

Weighted-Average
Exercise Price

 

Outstanding at January 1, 2013

 

77.6

 

$

3.00

 

Granted

 

50.2

 

$

3.50

 

Exercised

 

(5.5

)

$

3.00

 

Cancelled / Forfeited

 

(8.3

)

$

3.02

 

Outstanding at September 30, 2013

 

114.0

 

$

3.22

 

Options exercisable as of September 30, 2013

 

30.3

 

$

3.02

 

 

 

(options in millions)

 

Options

 

Weighted-Average
Exercise Price

 

Weighted-Average
Remaining
Contractual

Term

 

Outstanding as of January 1, 2012

 

73.0

 

$

3.00

 

 

 

Granted

 

8.0

 

$

3.00

 

 

 

Exercised

 

(0.4

)

$

3.50

 

 

 

Cancelled / Forfeited

 

(3.0

)

$

3.00

 

 

 

Outstanding as of December 31, 2012

 

77.6

 

$

3.00

 

7 years

 

Options exercisable as of December 31, 2012

 

27.5

 

$

3.00

 

6 years

 

 

Summary of restricted stock award and restricted stock unit activity

 

 

(awards/units in millions)

 

Awards/Units

 

Weighted-Average
Grant-Date Fair
Value

 

Non-vested at January 1, 2013

 

13.6

 

$

3.00

 

Granted

 

9.6

 

$

3.50

 

Vested

 

(3.1

)

$

3.23

 

Cancelled / Forfeited

 

(1.1

)

$

3.02

 

Non-vested at September 30, 2013

 

19.0

 

$

3.21

 

 

 

(awards/units in millions)

 

Awards/Units

 

Weighted-Average
Grant-Date Fair Value

 

Non-vested as of January 1, 2012

 

10.9

 

$

3.14

 

Granted

 

4.0

 

$

3.00

 

Vested

 

(0.7

)

$

4.74

 

Cancelled / Forfeited

 

(0.6

)

$

3.16

 

Non-vested as of December 31, 2012

 

13.6

 

$

3.00