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EMPLOYEE STOCK BENEFIT PLANS
9 Months Ended
Sep. 30, 2011
EMPLOYEE STOCK BENEFIT PLANS 
EMPLOYEE STOCK BENEFIT PLANS

6.                       EMPLOYEE STOCK BENEFIT PLANS

 

The following table summarizes stock-based compensation expense related to stock options, performance share awards and restricted stock units.

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

(In millions)

 

2011

 

2010

 

2011

 

2010

 

Stock options

 

$

1.6

 

$

0.9

 

$

4.4

 

$

2.9

 

Performance share awards

 

6.0

 

1.2

 

18.2

 

3.8

 

Restricted stock units

 

2.8

 

2.4

 

8.3

 

7.4

 

Total pretax stock-based compensation expense

 

$

10.4

 

$

4.5

 

$

30.9

 

$

14.1

 

Net tax benefit related to stock-based compensation expense

 

$

(3.6

)

$

(1.8

)

$

(10.7

)

$

(4.0

)

 

During the nine months ended September 30, 2011, the Company granted the following awards:

 

(Shares in millions)

 

Shares Granted

 

Weighted-Average Grant
Date Fair Value

 

Stock options

 

0.6

 

$

14.70

 

Performance share awards

 

0.3

 

$

56.04

 

Restricted stock units

 

0.1

 

$

59.09

 

 

As of September 30, 2011, the Company had the following awards outstanding and related expense yet to be recognized:

 

(Dollars and shares in millions)

 

Outstanding

 

Unrecognized
Compensation
Expense

 

Expected
Weighted-Average
Period to be
Recognized
(years)

 

Stock options

 

1.8

 

$

8.4

 

1.9

 

Performance share awards

 

0.6

 

$

16.6

 

1.4

 

Restricted stock units

 

0.7

 

$

15.2

 

2.5