XML 72 R56.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock Compensation Plans Level 3 (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock based Compensation Plans
 
For the years ended December 31,
 
2014
2013
2012
Stock-based compensation plans expense
$
98

$
69

$
95

Income tax benefit
(34
)
(24
)
(33
)
Total stock-based compensation plans expense, after-tax
$
64

$
45

$
62

The risk-free rate for periods within the contractual life of the option
 
For the years ended December 31,
 
2014
2013
2012
Expected dividend yield
1.7%
1.7%
1.3%
Expected annualized spot volatility
25.9
%
-
57.8%
31.1
%
-
48.1%
38.6
%
-
51.5%
Weighted average annualized volatility
35.1%
47.3%
51.4%
Risk-free spot rate
0.1
%
-
2.8%
0.1
%
-
1.9%
0.1
%
-
2.0%
Expected term
5.0 years
5.0 years
5.2 years
Summary of the status of non-qualified stock options included in the company's stock plans
 
For the years ended December 31,
 
2014
2013
2012
Volatility of common stock
31.6%
42.8%
70.0%
Average volatility of peer companies
17.0
%
-
29.0%
20.0
%
-
36.0%
26.0
%
-
75.0%
Average correlation coefficient of peer companies
62.0%
76.0%
78.0%
Risk-free spot rate
0.7%
0.4%
0.4%
Term
3.0 years
3.0 years
3.0 years
 
Number of Options
(in thousands)
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic Value
 
For the year ended December 31, 2014
Outstanding at beginning of year
4,534

$
36.34




Granted
925

$
35.83

 
 
Exercised
(603
)
$
20.03

 
 
Forfeited
(608
)
$
68.53

 
 
Expired
(503
)
$
65.96

 
 
Outstanding at end of year
3,745

$
29.64

7.4 years
$
53

Outstanding, fully vested and expected to vest
3,688

$
27.18

7.4 years
$
50

Exercisable at end of year
1,705

$
30.64

6.3 years
$
26

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]
 
Restricted Stock and
Restricted Stock Units
Performance Shares
 
Number of Shares
(in thousands)
Weighted-Average
Grant-Date
Fair Value
Number of Shares
(in thousands)
Weighted-Average
Grant date
Fair Value
Non-vested shares
For the year ended December 31, 2014
Non-vested at beginning of year
7,172

$
24.26

1,371

$
24.95

Granted
1,824

$
35.74

334

$
36.45

Performance based adjustment

$

347

$
20.63

Vested
(1,071
)
$
27.73

(880
)
$
20.63

Forfeited
(693
)
$
24.69

(109
)
$
26.79

Non-vested at end of year
7,232

$
26.59

1,063

$
30.55