Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2014

Schedule Of Weighted-Average Assumptions For Grants Made

The weighted-average assumptions for grants made during the years ended December 31, 2014, 2013 and 2012 are as follows:



	2014		2013		2012
Dividend yield	2.50	%	2.76	%	2.18	%
Volatility	27.49	%	35.52	%	43.09	%
Risk-free interest rate	1.39	%	0.76	%	0.79	%
Expected lives in years	4.20		4.20		4.28

Schedule Of Company's Stock Option Plans

Activity in the Company’s stock option plans for the year ended December 31, 2014 was as follows:



Option Activity	Number of Shares (in 000’s)		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)
Options outstanding at January 1, 2014	2,781		$	43.61
Granted	560		64.81
Exercised	(827	)	37.08
Canceled	(88	)	48.78
Options outstanding at December 31, 2014	2,426		$	50.52	4.43
Options exercisable at December 31, 2014	815		$	43.43	2.59

Schedule Of Changes Of Restricted Stock

Changes in the Company’s restricted stock and restricted share units for the year ended December 31, 2014 were as follows:



Restricted Stock and Restricted Share Unit Activity	Restricted Stock and Restricted Share Units (in 000’s)		Weighted Average Grant-Date Fair Value
Restricted Stock and Restricted Share Units at January 1, 2014	766		$	44.56
Restricted Share Units granted	145		65.50
Restricted Share Units vested	(237	)	38.48
Restricted Share Units forfeited	(25	)	51.45
Performance-based Restricted Share Units granted	76		61.16
Performance-based Restricted Share Units vested	(67	)	46.09
Performance-based Restricted Share Units forfeited	(8	)	47.48
Restricted Stock and Restricted Share Units at December 31, 2014	650		$	52.92

- 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