Share-Based Compensation

3 Months Ended

Mar. 30, 2012

Share-based Compensation [Abstract]

Share-Based Compensation

Share-Based Compensation

Under CSX's share-based compensation plans, awards primarily consist of performance grants, restricted stock awards, restricted stock units, stock options and stock grants for directors. CSX has not granted stock options since 2003. Awards granted under the various programs are determined and approved by the Compensation Committee of the Board of Directors or, in certain circumstances, by the Chief Executive Officer for awards to management employees other than senior executives. The Board of Directors approves awards granted to the Company's non-management directors upon recommendation of the Governance Committee.

    Total pre-tax expense associated with all share-based compensation and its related income tax benefit for 2012 is zero driven by lower anticipated payouts on long-term incentive compensation. Details are as follows:

	First Quarters
(Dollars in millions)	2012		2011
Share-Based Compensation Expense	$	—	$	12
Income Tax Benefit	—		4

The following table provides information about stock options exercised and expired.

	First Quarters
(In thousands)	2012	2011
Number of Stock Options Exercised	1,299	3,278
Number of Stock Options Expired	15	—

As of December 2009, all outstanding options were vested, and therefore, there will be no future expense related to these options.  As of the end of first quarter 2012, CSX had approximately 3 million stock options outstanding.