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Long-Term Equity Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

The following table provides the weighted-average values of assumptions used in the calculation of grant-date fair values, the weighted-average grant-date fair values for options, and the total intrinsic value of options exercised during the years ended December 31:



	2013 (a)		2012 (a)		2011
Risk-free interest rate	None		None		2.36%
Expected option lives (in years)	None		None		5.1
Expected volatility for options	None		None		35.6%
Expected dividend yield	None		None		None
Weighted-average grant-date fair value of options	None		None		$10.88
Total intrinsic value of options exercised	$	3,138,634	$	7,418,459	$	7,934,673

__________

(a) During the years ended December 31, 2013 and 2012, we made no grants of stock options.

Summary of Options Outstanding and Exercisable



	Options Outstanding			Options Exercisable
Range of Exercise Prices	Number of Options	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price	Number of Options	Weighted Average Exercise Price
$15.30 – 20.00	147,466	2.51	$15.41	147,466	$15.41
20.01 – 25.00	1,134,346	2.57	23.18	1,129,621	23.18
25.01 – 30.00	451,786	1.81	28.72	444,662	28.75
30.01 – 40.00	839,933	3.34	31.71	641,389	31.99
40.01 – 50.00	590,312	2.37	46.64	590,312	46.64
50.01 – 58.07	149,513	3.32	54.20	149,513	54.20
$15.30 – 58.07	3,313,356	2.66	$31.33	3,102,963	$31.39

Schedule of Options, Units, and Restricted Stock

The following table presents the number of stock options, RSUs and PSUs granted during the years ended December 31:



	2013	2012	2011
Options granted	—	—	661,950
RSUs and PSUs granted	1,143,881	1,084,532	895,294

Schedule of Share-Based Compensation Expense

Share-based compensation expense recorded for the years ended December 31, is as follows:



	2013		2012		2011
	(Amounts in millions)
Compensation expense - options	$	3.7	$	5.4	$	6.2
Compensation expense - RSUs and PSUs	$	26.2	$	23.5	$	21.4

Schedule of Unrecognized Compensation Costs and Related Weighted Average Period Costs

As of December 31, 2013, the remaining unrecognized compensation costs and the respective weighted-average recognition periods are as follows:



	Non-vested Options		Non-vested RSUs & PSUs
Remaining unrecognized compensation cost (in millions)	$	0.4	$	28.6
Remaining weighted-average period (in years)	0.25		1.60

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Options, RSUs and PSUs

A summary of option activity under our various plans as of December 31, 2013, and changes during the year then ended is presented below:



	Number of Options	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding at January 1, 2013	4,281,733	$30.19
Granted	—	—
Exercised	(818,527)	24.52
Forfeited or expired	(149,850)	35.93
Outstanding at December 31, 2013	3,313,356	$31.33	2.66	$	9,891,298
Vested or expected to vest at December 31, 2013 (reflecting estimated forfeiture rates effective in 2013)	3,292,080	$31.34	2.65	$	9,881,448
Exercisable at December 31, 2013	3,102,963	$31.39	2.56	$	9,846,565

Restricted Stock Units and Performance Stock Units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Options, RSUs and PSUs

A summary of RSU and PSU activity under our various plans as of December 31, 2013, and changes during the year then ended is presented below:



	Number of Restricted Stock Units and Performance Share Units	Weighted Average Grant-Date Fair Value		Weighted Average Purchase Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding at January 1, 2013	1,937,670	$	33.13		$0.001
Granted	1,143,881	27.38		0.001
Vested	(678,854)	29.43		0.001
Forfeited	(563,925)	37.58		0.001
Outstanding at December 31, 2013	1,838,772	$	29.54	0.001		1.65	$	54,554,846
Expected to vest at December 31, 2013 (reflecting estimated forfeiture rates effective in 2013)	1,642,366	$	29.53		$0.001	1.68	$	48,727,404

Weighted Average Grant Date Fair Value and Aggregate Intrinsic Value for RSU and PSU

The weighted-average grant-date fair values and aggregate intrinsic values of RSUs and PSUs vested during the years ended December 31, are as follows:



	2013		2012		2011
Weighted-average grant-date fair values of RSUs and PSUs vested	$	29.43	$	38.22	$	30.65
Aggregate intrinsic value of RSUs and PSUs vested (in millions)	$	18.5	$	49.0	$	14.7

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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