XML 71 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Share-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Compensation Cost and Income Tax Benefit
For the years ended December 31:
 
 
2012
 
2011
 
2010
Compensation cost for stock options, stock appreciation rights and restricted stock units
 
$
41.1

 
$
36.6

 
$
57.6

Total income tax benefit recognized for share-based arrangements
 
13.0

 
11.7

 
18.7
Schedule of Weighted-Average Assumptions for Options Granted During Period
The fair value of each option is estimated on the date of grant using a Black-Scholes-Merton option-pricing model with the following weighted-average assumptions for options granted during the years ended December 31:
 
 
2012
 
2011
 
2010
Risk-free rate(1)
 
.7
%
 
1.8
%
 
1.9
%
Expected term(2)
 
4 years

 
4 years

 
4 years

Expected volatility(3)
 
38
%
 
38
%
 
38
%
Expected dividends(4)
 
5.0
%
 
3.0
%
 
3.0
%
 
(1)
The risk-free rate was based upon the rate on a zero coupon U.S. Treasury bill, for periods within the contractual life of the option, in effect at the time of grant.
(2)
The expected term of the option was based on historical employee exercise behavior, the vesting terms of the respective option and a contractual life of 10 years.
(3)
Expected volatility was based on the weekly historical volatility of our stock price, over a period similar to the expected life of the option.
(4)
Assumed the then-current cash dividends of $.23 during 2012, $.23 during 2011 and $.22 during 2010 per share each quarter on our common stock for options granted during those years.
Schedule of Options Activity During Period
A summary of stock options as of December 31, 2012, and changes during 2012, is as follows:
 
 
 
Shares
(in 000’s)
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2012
 
28,361

 
$
31.30

 
 
 
 
Granted
 
1,775

 
18.24

 
 
 
 
Exercised
 
(556
)
 
15.50

 
 
 
 
Forfeited
 
(377
)
 
23.63

 
 
 
 
Expired
 
(2,913
)
 
29.69

 
 
 
 
Outstanding at December 31, 2012
 
26,290

 
$
31.00

 
4.3
 
$
2.2

Exercisable at December 31, 2012
 
22,580

 
$
31.76

 
3.8
 
$
.1
Schedule of Cash Proceeds, Tax Benefits, and Instrinsic Value Related to Options Exercised During Period
Cash proceeds, tax benefits, and intrinsic value related to total stock options exercised during 2012, 2011, and 2010, were as follows:
 
 
2012
 
2011
 
2010
Cash proceeds from stock options exercised
 
$
8.6

 
$
16.8

 
$
23.9

Tax (obligation)/ benefit realized for stock options exercised
 
(3.7
)
 
1.3

 
3.3

Intrinsic value of stock options exercised
 
2.2

 
10.0

 
14.6
Schedule of Restricted Stock and Units Activity During Period
A summary of restricted stock and restricted stock units at December 31, 2012, and changes during 2012, is as follows:
 
 
Restricted Stock
And Units
(in 000’s)
 
Weighted-Average
Grant-Date
Fair Value
January 1, 2012
 
3,317

 
$
23.88

Granted
 
1,792

 
18.13

Vested
 
(1,233
)
 
17.41

Forfeited
 
(409
)
 
24.07

December 31, 2012
 
3,467

 
$
23.18
Schedule of Share-Based Compensation Performance Restricted Stock Units Activity [Table Text Block]
A summary of performance restricted stock units at December 31, 2012, and changes during 2012, is as follows:
 
 
Performance Restricted
Stock Units
(in 000’s)
 
Weighted-Average
Grant-Date
Fair Value
January 1, 2012(1)
 
1,021

 
$
27.72

Granted
 
1,998

 
19.45

Vested
 
—

 
—

Forfeited
 
(110
)
 
23.80

December 31, 2012(1)
 
2,909

 
$
22.19

(1) Based on target payout