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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Stock-Based Compensation [Abstract]  
Schedule of stock-based compensation, allocation of recognized period costs
The following table reflects activity related to our stock-based compensation arrangements (in millions):
 
Year Ended December 31,
 
2011
 
2010
 
2009
Stock-based compensation expense
$
58

 
$
54

 
$
68

Tax benefit recognized on stock-based compensation expense
20

 
19

 
24

Tax benefit realized for tax deductions resulting from exercises and vestings
35

 
23

 
9

Effect of tax deductions in excess of recognized stock-based compensation expense reported as a financing cash flow
23

 
11

 
5

Summary of weighted-average assumptions used in fair value measurements
.
A summary of the weighted-average assumptions used in our fair value measurements is presented in the table below.
 
Year Ended December 31,
 
2011
 
2010
 
2009
Expected life in years
6.0

 
6.0

 
6.0

Expected volatility
49.30
%
 
48.21
%
 
47.8
%
Expected dividend yield
2.28
%
 
1.05
%
 
3.1
%
Risk-free interest rate
1.44
%
 
1.83
%
 
2.8
%
Summary of stock option awards
A summary of the status of our stock option awards is presented in the table below.




Number of
Stock
Options
 
Weighted-
Average
Exercise
Price Per
Share
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
 
 
 
 
 
(in years)
 
(in millions)
Outstanding as of January 1, 2011
24,379,558

 
$
24.83

 

 

Granted
370,025

 
26.30

 

 

Exercised
(4,345,678
)
 
11.56

 

 

Forfeited
(497,319
)
 
50.29

 

 

Outstanding as of December 31, 2011
19,906,586

 
27.11

 
3.5

 
$
67

 
 
 
 
 
 
 
 
Exercisable as of December 31, 2011
17,864,926

 
27.05

 
3.0

 
64

Summary of restricted stock awards
A summary of the status of our restricted stock awards is presented in the table below.





Number of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
Per Share
Nonvested shares as of January 1, 2011
3,360,213

 
$
21.05

Granted
1,297,464

 
26.32

Vested
(1,350,658
)
 
23.17

Forfeited
(57,929
)
 
20.66

Nonvested shares as of December 31, 2011
3,249,090

 
22.28

Summary of performance awards
There were two grants of performance awards during the year ended December 31, 2011 as follows (dollars in millions). The first grant shown below represents the second tranche of vesting awards from the performance awards authorized by our compensation committee in 2010. The second grant shown represents the first tranche of vesting awards from the performance awards authorized by our compensation committee in 2011.
 
Awards
Granted
 
Expected
Conversion
Rate
 
Fair Value
Per Share
First grant
222,250

 
50%
 
$
25.70

Second grant
246,691

 
—%
 
25.70
Total
468,941

 
 
 
 



A summary of the status of our performance awards considered granted is presented below.

 
Nonvested
Awards
 
Vested
Awards
Awards outstanding as of January 1, 2011
253,611

 
24,219

Granted
468,941

 

Vested
(31,361
)
 
31,361

Converted

 

Forfeited

 
(30,945
)
Awards outstanding as of December 31, 2011
691,191

 
24,635