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Share-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
For the years ended December 31:
 
 
2014
 
2013
 
2012
Compensation cost for stock options, stock appreciation rights, performance restricted stock units and restricted stock units
 
$
38.9

 
$
43.3

 
$
41.1

Total income tax benefit recognized for share-based arrangements
 
3.2

 
14.9

 
13.0
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:
 
 
2014
 
2013
 
2012
Risk-free rate(1)
 
*
 
*
 
.7
%
Expected term(2)
 
*
 
*
 
4 years

Expected volatility(3)
 
*
 
*
 
38
%
Expected dividends(4)
 
*
 
*
 
5.0
%
 *
There were no stock options granted in 2014 and 2013.
(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 per share each quarter on our common stock for options granted during that year.
Schedule of Options Activity During Period
A summary of stock options as of December 31, 2014, and changes during 2014, is as follows:
 
 
Shares
(in 000’s)
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2014
 
21,543

 
$
32.27

 
 
 
 
Granted
 
—

 
—

 
 
 
 
Exercised
 
(12
)
 
15.50

 
 
 
 
Forfeited
 
(59
)
 
18.29

 
 
 
 
Expired
 
(4,314
)
 
34.68

 
 
 
 
Outstanding at December 31, 2014
 
17,158

 
$
31.74

 
3.0
 
$
—

Exercisable at December 31, 2014
 
16,156

 
$
31.81

 
2.9
 
$
—
Schedule of Cash Proceeds, Tax Benefits, and Instrinsic Value Related to Options Exercised During Period
Cash proceeds, tax obligations and intrinsic value related to total stock options exercised during 2014, 2013 and 2012, were as follows:
 
 
2014
 
2013
 
2012
Cash proceeds from stock options exercised
 
$
.2

 
$
19.4

 
$
8.6

Tax obligation realized for stock options exercised
 
—

 
(1.8
)
 
(3.7
)
Intrinsic value of stock options exercised
 
—

 
6.4

 
2.2
Schedule of Restricted Stock and Units Activity During Period
A summary of restricted stock and restricted stock units at December 31, 2014, and changes during 2014, is as follows:
 
 
Restricted Stock
And Units
(in 000’s)
 
Weighted-Average
Grant-Date
Fair Value
January 1, 2014
 
4,234

 
$
20.67

Granted
 
3,212

 
14.58

Vested
 
(1,574
)
 
22.23

Forfeited
 
(877
)
 
17.27

December 31, 2014
 
4,995

 
$
16.80
Schedule of Share-Based Compensation Performance Restricted Stock Units Activity
A summary of performance restricted stock units at December 31, 2014, and changes during 2014, is as follows:
 
 
Performance Restricted
Stock Units
(in 000’s)
 
Weighted-Average
Grant-Date
Fair Value
January 1, 2014(1)
 
4,383

 
$
22.19

Granted
 
2,330

 
14.68

Vested
 
—

 
—

Forfeited
 
(1,737
)
 
22.35

December 31, 2014(1)
 
4,976

 
$
17.53

(1) Based on initial target payout.