SHARE-BASED AWARDS (Tables)

12 Months Ended

Dec. 31, 2011

The weighted average grant-date fair values of the options granted during 2011, 2010, and 2009 were $8.92, $6.59, and $2.79, respectively, per option, using the following weighted average assumptions provided in the table below:

	2011	2010	2008

Expected volatility	29.2%	28.8%	24.8%
Expected term (in years)	6.0	5.8	5.8
Risk-free interest rate	2.3%	2.7%	1.9%
Dividend yield	3.1%	3.8%	5.4%

Stock Option Activity

The following table summarizes 2011 stock option activity for the Company's plans (in thousands, except exercise price amounts):

									Weighted	Weighted
			1998		1998				Average	Average	Aggregate
	2007		Employee		Director		Total		Exercise	Contractual	Intrinsic
	Plan		Plan		Plan		Shares		Price	Life	Value

Outstanding January 1, 2011	1,332		1,055		190		2,577		$37.10
Granted	317		--		--		317		$40.75
Exercised	(86	)	(208	)	(17	)	(311	)	$29.59
Forfeited and expired	(18	)	(11	)	--		(29	)	$43.83
Outstanding December 31, 2011	1,545		836		173		2,554		$38.39	5.4	$13,595

Vested or expected to vest	1,530		836		173		2,539		$40.10	5.4	$13,459
Exercisable December 31, 2011	805		836		173		1,814		$40.10	4.3	$8,434

Non-Vested Restricted Stock Unit Activity

The following table summarizes 2011 non-vested common stock and restricted stock unit activity (in thousands, except weighted-average, grant-date fair value amounts):


	2007
	Plan		Weighted
	Restricted		Average
	Stock		Grant-Date
	Units		Fair Value
January 1, 2011	330		$31.15
Granted	259		$38.78
Vested	(175	)	$32.24
Forfeited	(5	)	$34.85
Outstanding December 31, 2011	409		$35.48

Summary of Compensation Cost and Other Measures Related to Share-Based Payments

A summary of the compensation cost and other measures related to share-based payments is as follows (in millions):

	2011			2010			2009
Share-based expense (net of estimated forfeitures):
Stock options	$	2		$	2		$	4
Non-vested stock & restricted stock units		6			6			5
Total share-based expense		8			8			9
Total recognized tax benefit		(2	)		(3	)		(3	)
Share-based expense (net of tax)	$	6		$	5		$	6

Cash received upon option exercise	$	9		$	7		$	--
Intrinsic value of options exercised	$	5		$	2		$	--
Tax benefit realized upon option exercise	$	2		$	1		$	--
Fair value of stock vested	$	7		$	4		$	3