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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Stock-Based Compensation  
Schedule of weighted-average assumptions used in estimating fair value of stock-based awards as of the date of grant

 

 

 
  2011
  2010
  2009
 
   

Risk-free interest rate

    1.69 %   1.87 %   1.95 %

Expected life (in years)

    4.0     4.0     4.0  

Expected market price volatility factor

    27.7 %   32.5 %   37.8 %

Expected dividend yield

    3.17 %   2.74 %   4.83 %
Schedule of summarized information for stock option grants

 

 

 
  2011
  2010
  2009
 
 
     
 
  Shares
  Weighted-
Average
Exercise Price

  Shares
  Weighted-
Average
Exercise Price

  Shares
  Weighted-
Average
Exercise Price

 
   
 
  (Shares in thousands)
 

Outstanding, beginning of year

    9,070   $ 43.43     8,146   $ 44.36     6,058   $ 59.99  

Granted with exercise prices at fair market value

    2,244     30.25     1,468     35.07     3,511     20.14  

Exercised

    (474 )   23.59     (235 )   23.53     (83 )   31.07  

Forfeited/expired

    (184 )   56.58     (309 )   43.41     (1,340 )   52.41  
   

Outstanding, end of year

    10,656   $ 41.31     9,070   $ 43.43     8,146   $ 44.36  
   

Exercisable, end of year

    6,539   $ 49.15     5,316   $ 52.65     4,114   $ 55.81  
   

Weighted-average fair value per share of options granted with exercise prices at fair market value

        $ 5.20         $ 7.60         $ 4.24  
   
Schedule of summary of additional information about stock options

 

 

 
  2011
  2010
  2009
 
   
 
  (In millions)
 

Stock Option Expense Recognized

  $ 10.3   $ 9.9   $ 14.2  

Stock Options Exercised:

                   

Cash Received for Exercise Price

    11.2     5.5     2.6  

Intrinsic Value Realized by Employee

    5.9     2.7     0.2  

Realized Tax Benefit

    2.4     1.1     0.1  

Fair Value of Options that Vested

    52.4     54.4     11.0  
Schedule of summary of additional information about stock options outstanding

 The following table summarizes additional information about stock options outstanding at December 31, 2011 (stock options in thousands):

 
  Outstanding   Exercisable    
 
 
  Weighted-
Average
Remaining
Contractual
Life

 
Range of
Exercise
Prices

  Stock
Options

  Aggregate
Intrinsic
Value

  Stock
Options

  Aggregate
Intrinsic
Value

 
   
 
   
  (In millions)
   
  (In millions)
  (In years)
 
  $  0 - $  20     2,524   $ 50.7     1,563   $ 31.4     7.2  
  $20 - $  40     4,402     31.2     1,246     5.3     7.6  
  $40 - $  60     2,362         2,362         3.2  
  $60 - $  80     717         717         5.2  
  $80 - $100     651         651         6.1  
   
        10,656   $ 81.9     6,539   $ 36.7        
               
Schedule of summarized information for restricted stock options

 

 

 
  2011
  2010
  2009
 
   
 
  (Shares in thousands)
 

Outstanding, beginning of year

    1,080     1,017     1,033  

Granted

    622     832     866  

Released to participants

    (686 )   (713 )   (701 )

Canceled

    (48 )   (56 )   (181 )
   

Outstanding, end of year

    968     1,080     1,017  
   

Weighted-average fair value of restricted stock granted (per share)

  $ 30.27   $ 34.83   $ 19.83  
   

Total fair value of shares for which restriction has lapsed (in millions)

  $ 23.3   $ 24.9   $ 16.5