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Stock-Based Compensation
3 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Stock-Based Compensation

The following table summarizes the Company's pre-tax compensation expense and related income tax benefit during the three months ended March 31, 2014 and 2013 related to the Company's performance units and restricted stock.
 
Three Months Ended
 
March 31,
(In millions)
2014
2013
Performance units
 
 
Total shareholder return
$
2.0

$
2.0

Earnings per share
1.7

0.6

Total performance units
3.7

2.6

Restricted stock
0.1

0.1

Total compensation expense
3.8

2.7

Less: Amount paid by unconsolidated affiliates
1.2


Net compensation expense
$
2.6

$
2.7

Income tax benefit
$
1.0

$
1.0



The Company has issued new shares to satisfy restricted stock grants and payouts of earned performance units. During the three months ended March 31, 2014, there were 495,185 shares of new common stock issued, respectively, pursuant to the Company's stock incentive plans related to restricted stock grants (net of forfeitures) and payouts of earned performance units. During the three months ended March 31, 2014, there were 1,411 shares of restricted stock, respectively, returned to the Company to satisfy tax liabilities.

The following table summarizes the activity of the Company's stock-based compensation during the three months ended March 31, 2014.
 
Units/Shares
Fair Value
Grants
 
 
Performance units (Total shareholder return)
207,880

$
34.68

Performance units (Earnings per share)
69,295

$
34.69

Restricted stock
1,164

$
35.56

Conversions
 
 
Performance units (Total shareholder return) (A)
355,233

N/A

Performance units (Earnings per share) (A)
118,404

N/A

(A)Performance units were converted based on a payout ratio of 170 percent of the target number of performance units granted in February 2011 and are included in the 495,185 shares of common stock issued during the three months ended March 31, 2014 as discussed above.