Share-Based Incentive Compensation

9 Months Ended

Sep. 30, 2012

Share-Based Incentive Compensation disclosure

Share-Based Incentive Compensation disclosure [Text Block]

10.SHARE-BASED INCENTIVE COMPENSATION

The following information relates to fully vested stock option awards at September 30, 2012:

Stock Options	Number	Weighted Average Exercise Price		Weighted Average Contractual Life Remaining	AggregateIntrinsic Value($ in millions)
Vested at end of period (1)	9,797,024	$	47.98	5.5 years	$	199
Exercisable at end of period	6,598,012	$	44.25	4.1 years	$	158

(1) Represents awards for which the requisite service has been rendered, including those that are retirement eligible.

The total compensation cost for all share-based incentive compensation awards recognized in earnings was $26 million and $27 million for the three months ended September 30, 2012 and 2011, respectively, and $92 million and $94 million for the nine months ended September 30, 2012 and 2011, respectively.  The related tax benefits recognized in the consolidated statement of income was $9 million for each of the three months ended September 30, 2012 and 2011, and $32 million for each of the nine months ended September 30, 2012 and 2011.

The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at September 30, 2012 was $136 million, which is expected to be recognized over a weighted-average period of 1.8 years. The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at December 31, 2011 was $114 million, which was expected to be recognized over a weighted-average period of 1.7 years.