Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

The components of the Company’s stock-based compensation expense are as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollar amounts in millions)	2012		2011		2012		2011
Stock-based compensation:
Restricted stock and restricted stock units (“RSUs”)	$	104	$	115	$	328	$	323
Long-term incentive plans funded by PNC		5		15		16		43
Stock options		—		3		—		9

Total stock-based compensation	$	109	$	133	$	344	$	375

Restricted stock and RSU activity for the nine months ended September 30, 2012 is summarized below:


Outstanding at	Restricted Stock and Units			Weighted- Average Grant Date Fair Value
December 31, 2011		5,528,781		$	196.44
Granted		2,481,052		$	166.43
Converted		(1,616,091	)	$	175.84
Forfeited		(145,874	)	$	177.41

September 30, 2012⁽¹⁾		6,247,868		$	190.31

⁽¹⁾	At September 30, 2012, approximately 5.6 million awards are expected to vest and 0.6 million awards have vested but have not been converted.

Options outstanding at September 30, 2012 and changes during the nine months ended September 30, 2012 were as follows:


Outstanding at	Shares Under Option			Weighted- Average Exercise Price
December 31, 2011		2,190,907		$	105.33
Exercised		(1,090,998	)	$	42.39

September 30, 2012⁽¹⁾		1,099,909		$	167.76

⁽¹⁾	At September 30, 2012, all options were vested. The aggregate intrinsic value of options exercised during the nine months ended September 30, 2012 was $157 million.