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Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Incentive Equity Awards

The activity related to the Company’s incentive equity awards for the three months ended March 31, 2013 consisted of the following:

 

     Stock Options      Time-based
Restricted Stock Units
     Performance-based
Restricted Stock Units
 
     Number of
Options (c)
    Weighted-
Average
Exercise
Price
     Number
of Shares
    Weighted-
Average
Grant
Date Fair
Value
     Number
of Shares
    Weighted-
Average
Grant
Date Fair
Value
 

Balances at January 1, 2013

     11,493,407      $ 19.66         2,996,894      $ 20.18         823,277      $ 20.47   

Granted

     1,295,750        22.27         15,937        20.66         —         —    

Exercise of stock options (a)

     (572,681     16.64         —         —          —         —    

Vesting of restricted stock units

     —         —          (50,775     21.53         (1,713     21.64   

Expired/forfeited

     (69,881     19.93         (26,894     19.96         (703     23.25   
  

 

 

      

 

 

      

 

 

   

Balances at March 31, 2013 (b)

     12,146,595      $ 20.08         2,935,162      $ 20.16         820,861      $ 20.46   
  

 

 

      

 

 

      

 

 

   

 

(a) Stock options exercised during the period of January 1, 2013 through March 31, 2013 had an intrinsic value of $4.0 million.
(b) As of March 31, 2013, the Company’s outstanding “in the money” stock options using the March 31, 2013 closing stock price of $24.84 (approximately 9.4 million shares) had an aggregate intrinsic value of $53.1 million. As of March 31, 2013, time-based restricted stock units and performance-based restricted stock units expected to vest using the March 31, 2013 share price of $24.84 (approximately 2.8 million and 0.8 million shares, respectively) had an aggregate intrinsic value of $69.4 million and $19.6 million, respectively.
(c) Stock options outstanding as of March 31, 2013 have a weighted-average remaining contractual life of 5.3 years and 9.7 million stock options are exercisable.

The activity related to the Company’s incentive equity awards for the nine months ended March 31, 2013 consisted of the following:

 

     Stock Options      Time-based
Restricted Stock Units
     Performance-based
Restricted Stock Units
 
     Number of
Options
    Weighted-
Average
Price
     Number
of Shares
    Weighted-
Average
Grant
Date Fair
Value
     Number
of Shares
    Weighted-
Average
Grant
Date Fair
Value
 

Balances at July 1, 2012

     12,381,488      $ 19.42         2,025,569      $ 19.61         703,195      $ 20.39   

Granted

     1,413,341        22.30         1,076,619        21.23         246,894        21.25   

Exercise of stock options (a)

     (1,487,702     16.80         —         —          —         —    

Vesting of restricted stock units (b)

     —         —          (56,944     21.37         (11,393     23.05   

Expired/forfeited

     (160,532     19.32         (110,082     19.92         (117,835     21.42   
  

 

 

      

 

 

      

 

 

   

Balances at March 31, 2013

     12,146,595      $ 20.08         2,935,162      $ 20.16         820,861      $ 20.46   
  

 

 

      

 

 

      

 

 

   

 

(a) Stock options exercised during the period of July 1, 2012 through March 31, 2013 had an intrinsic value of $9.8 million.
(b) Time-based and performance-based restricted stock units that vested during the period of July 1, 2012 through March 31, 2013 had a fair value of $1.3 million and $0.3 million, respectively.