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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2012
Stock Incentive Plans (Tables) [Abstract]  
Fair value of each option grant estimated on weighted-average assumptions:
Year Ended
December 31, 2012December 31, 2011December 31, 2010
Dividend yield5.16%5.74%6.28%
Expected volatility35.15%34.80%34.08%
Risk-free interest rate1.48%2.87%3.23%
Expected life (in years) 7.0 7.0 7.0
Weighted-average fair value$11.11$9.60$7.82
Summary of stock options activity
Year Ended
December 31, 2012December 31, 2011December 31, 2010
Number ofWeightedNumber ofWeightedNumber ofWeighted
SharesAverageSharesAverageSharesAverage
Stock Options(000's)Exercise Price(000's)Exercise Price(000's)Exercise Price
Options at beginning of year 1,252$ 42.12 1,207$ 39.45 1,062$ 37.71
Options granted 332 57.33 289 49.17 280 43.29
Options exercised (341) 40.11 (232) 36.92 (129) 33.58
Options terminated (81) 51.81 (12) 43.09 (6) 37.82
Options at end of period 1,162$ 46.40 1,252$ 42.12 1,207$ 39.45
Options exercisable at end of period 313$ 40.82 427$ 39.45 440$ 37.76
Weighted average fair value of
options granted during the period $ 11.11 $ 9.60 $ 7.82
Options OutstandingOptions Exercisable
NumberWeightedWeighted AverageNumberWeightedWeighted Average
OutstandingAverageRemainingExercisableAverageRemaining
Range of Per Share Exercise Prices(thousands)Exercise PriceContract Life(thousands)Exercise PriceContract Life
$30-$40 271$ 36.80 6.3 132$ 36.58 5.5
$40-$50 593 45.31 7.7 181 43.90 6.3
$50+ 298 57.33 10.0 - - -
Totals 1,162$$46.40 6.9 313$ 40.82 6.0
Aggregate intrinsic value$ 17,095,000$ 6,341,000
Non-vested stock incentive awards
Stock OptionsRestricted Stock
Number ofWeighted-AverageNumber ofWeighted-Average
SharesGrant DateSharesGrant Date
(000's)Fair Value(000's)Fair Value
Non-vested at December 31, 2011 825$ 7.40 508$ 44.91
Vested (211) 6.96 (228) 47.38
Granted 332 11.11 404 57.31
Terminated (97) 7.29 (83) 42.75
Non-vested at December 31, 2012 849$ 8.97 601$ 52.60