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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2013
STOCK-BASED COMPENSATION  
Weighted-average assumptions used to estimate fair value of stock options granted
 
Stock Awards Plans:
Years ended December 31,
  2013
  2012
  2011
 
 
 

Dividend Yield

    1.8%     1.8%     1.7%  

Expected Stock Price Volatility

    22.7%     22.9%     23.3%  

Risk-free Interest Rate

    1.3%     1.3%     2.7%  

Expected Life of Option (years)

    6.9     6.9     6.9  

     

   
 
 
Director Stock Option Plans:
Years ended December 31,
  2013
  2012
  2011
 
 
 

Dividend Yield

    1.9%     1.7%     1.6%  

Expected Stock Price Volatility

    23.0%     22.5%     22.9%  

Risk-free Interest Rate

    1.3%     1.3%     2.5%  

Expected Life of Option (years)

    6.9     6.9     6.9  
Summary of option activity
 
 
  Stock Awards Plans   Director Stock Option Plans  
 
  Shares
  Weighted Average
Exercise Price

  Shares
  Weighted Average
Exercise Price

 
 
 

Outstanding, January 1, 2013

    7,879,197   $ 37.27     276,667   $ 45.48  

Granted

    1,385,300     51.83     85,500     56.49  

Exercised

    (1,396,752 )   28.99     (48,333 )   43.11  

Forfeited or expired

    (51,813 )   47.09          
               

Outstanding at December 31, 2013

    7,815,932   $ 41.26     313,834   $ 48.85  
                   

Exercisable at December 31, 2013

    5,243,131   $ 36.36     146,001   $ 42.05  
                   

Weighted-Average Remaining Contractual Term (Years):

   
 
   
 
   
 
   
 
 

Outstanding at December 31, 2013

    6.1                 7.5  

Exercisable at December 31, 2013

    4.9                 6.2  

Aggregate Intrinsic Value:

   
 
   
 
   
 
   
 
 

Outstanding at December 31, 2013

  $ 207,490               $ 5,951  

Exercisable at December 31, 2013

  $ 164,895               $ 3,761  

Intrinsic Value of Options Exercised During the Years Ended:

   
 
   
 
   
 
   
 
 

December 31, 2013

  $ 37,822               $ 732  

December 31, 2012

  $ 42,226               $ 1,674  

December 31, 2011

  $ 32,782               $ 970  
Summary of restricted stock unit activity
 
 
  Shares
  Weighted-Average
Grant-Date Fair Value

 
 
 

Nonvested at January 1, 2013

    25,862   $ 48.76  

Granted

    12,448     54.92  

Vested

    (12,629 )   45.20  
       

Nonvested at December 31, 2013

    25,681   $ 53.49