STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2012

Stock Option and SARs Activities

Information with respect to stock option and SARs activities is summarized below.

	Shares			Weighted Average Exercise Price
Outstanding at December 31, 2009		7,154,712		$	31.38
Granted		1,394,136			46.09
Exercised		(1,883,091	)		20.49
Expired/forfeited		(203,918	)		48.18
Outstanding at December 31, 2010		6,461,839			37.20
Granted		843,485			51.17
Exercised		(2,511,989	)		32.69
Expired/forfeited		(234,726	)		52.65
Outstanding at December 31, 2011		4,558,609			41.47
Granted		754,471			64.14
Exercised		(1,860,367	)		30.20
Expired/forfeited		(19,351	)		48.00
Outstanding at December 31, 2012		3,433,362		$	52.52

Outstanding Stock Options and SARs

The following table shows information with respect to stock options and SARs outstanding and exercisable at December 31, 2012:

	Outstanding						Exercisable
Range of Exercise Prices	Shares		Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
$1.29–$ 9.99		17,015		0.67	$	2.36		17,015	$	2.36
10.00–19.99		15,435		2.73		19.63		15,435		19.63
20.00–29.99		—		—		—		—		—
30.00–39.99		226,838		1.19		34.30		223,458		34.23
40.00–49.99		1,543,269		2.15		45.38		903,347		44.22
50.00–59.99		534,922		3.09		52.86		222,686		53.59
60.00–69.99		767,013		4.01		64.17		96,534		64.57
70.00–75.00		328,870		0.35		75.00		328,870		75.00
Total		3,433,362		2.47	$	52.52		1,807,345	$	50.22

Weighted Average Grant Date Fair Value of SARs

During 2012, 2011 and 2010, we granted SARs to officers, non-officer employees and directors. The weighted average grant date fair value of these SARs, based on our Black-Scholes-Merton assumptions, is shown below:

	2012			2011			2010
Weighted average exercise price per share	$	64.14		$	51.17		$	46.09
Expected annual dividends per share		0.25	%		0.31	%		0.35	%
Expected life in years		3.7			3.7			3.6
Expected volatility		45	%		47	%		49	%
Risk-free interest rate		0.5	%		1.4	%		1.6	%
Weighted average grant date fair value	$	21.32		$	18.22		$	17.01

Restricted Stock and Restricted Stock Units Outstanding

A summary of the status of our non-vested restricted stock outstanding at December 31, 2012 is summarized below:

	Equity Awards					Liability Awards
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2009		—		$	—		627,189		$	45.64
Granted		—			—		413,422			45.83
Vested		—			—		(439,361	)		46.90
Forfeited		—			—		(18,499	)		46.04
Outstanding at December 31, 2010		—			—		582,751			44.81
Granted		331,209			49.56		352,419			51.17
Vested		(88,854	)		49.37		(418,634	)		45.55
Forfeited		(20,746	)		49.45		(29,292	)		45.04
Outstanding at December 31, 2011		221,609			49.64		487,244			48.76
Granted		364,082			63.44		380,808			64.06
Vested		(208,802	)		56.73		(438,283	)		52.17
Forfeited		(27,733	)		58.65		(6,291	)		54.54
Outstanding at December 31, 2012		349,156		$	59.08		423,478		$	58.91