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Long-Term Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Stock Option and Other Share Based Activity

The activity for the year ended December 31, 2012, with respect to our stock options is presented below:


	Options Outstanding					Options Exercisable
	Number of Options			Weighted Average Exercise Price		Number of Options		Weighted Average Exercise Price		Weighted Average Life (in years)
Balance at January 1, 2012		9,879,960		$	34.93
Exercised		(2,060,994	)		24.12
Forfeited/Expired		(305,749	)		56.46

Balance at December 31, 2012		7,513,217		$	37.02		6,957,148	$	37.76		4.7

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

We used the following assumptions:


Expected volatility		25-55%
Weighted average volatility		44.6%
Expected dividends		3.73%
Expected term (in years)		1-6
Risk-free rate		0.19-1.92%

RSU and PSA [Member]

Stock Option and Other Share Based Activity

The activity for the year ended December 31, 2012 with respect to our RSU and PSA awards was as follows:


	Number of Shares			Weighted Average Grant-Date Fair Value		Number of Shares Vested
	Number of Shares			Weighted Average Grant-Date Fair Value		Number of Shares Vested
Balance at January 1, 2012		1,684,713		$	30.43		48,735

Granted		1,609,527			32.60
Vested		(1,238,036	)		30.26
Forfeited		(56,856	)		31.60

Balance at December 31, 2012		1,999,348		$	32.28		47,680

Restricted Stock [Member]

Non-Vested Share Options

The activity for the year ended December 31, 2012, with respect to our unvested restricted stock was as follows:


	Number of Shares			Weighted Average Grant-Date Fair Value
	Number of Shares			Weighted Average Grant-Date Fair Value
Balance at January 1, 2012		1,192,982		$	34.07
Granted		5,000			29.24
Vested		(507,840	)		34.07
Forfeited		(2,865	)		34.07

Balance at December 31, 2012		687,277		$	34.03

- 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.

+ References+ Details