EMPLOYEE STOCK BENEFIT PLANS

3 Months Ended

Mar. 31, 2012

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 March 31,
(In millions)	2012			2011
Stock options	$	1.8		$	1.4
Performance share awards	5.4			5.1
Restricted stock units	2.4			2.5
Total pre-tax stock-based compensation expense	$	9.6		$	9.0
Net tax benefit related to stock-based compensation expense	$	(3.8	)	$	(3.1	)

During the three months ended March 31, 2012, the Company granted the following awards:

(Shares in millions)	Shares Granted	Weighted- Average Grant Date Fair Value
Stock options	0.5	$	17.57
Performance share awards	0.4	$	66.94
Restricted stock units	0.1	$	76.89

As of March 31, 2012, 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	2.1	$	12.9	2.1
Performance share awards	0.6	$	22.8	1.6
Restricted stock units	0.5	$	21.3	2.9