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Equity Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Of Stock-Based Compensation Expenses
The following table details the components of stock-based compensation expense recognized in net earnings in each of the past three years:
Year Ended December 31
2010
 
2011
 
2012
Stock options
$
53

 
$
58

 
$
57

Restricted stock
24

 
25

 
17

Total stock-based compensation expense, net of tax
$
77

 
$
83

 
$
74

Schedule Of Assumptions Of Fair Value Options On The Date Of Grant Using Black-Scholes Option Pricing Model
We estimate the fair value of options on the date of grant using the Black-Scholes option pricing model with the following assumptions for each of the past three years:
Year Ended December 31
2010
 
2011
 
2012
Expected volatility
27.0-31.9%

 
28.4-31.5%

 
27.9-31.3%

Weighted average expected volatility
29.8
%
 
30.1
%
 
30.7
%
Expected term (in months)
40-50

 
43-53

 
43-53

Risk-free interest rate
1.0-2.2%

 
1.2-1.9%

 
0.6-0.8%

Expected dividend yield
2.0
%
 
2.0
%
 
2.7
%
Summary Of Stock Option Activity
A summary of option activity during 2012 follows:
 
Shares Under Option  
 
Weighted Average
Exercise Price Per Share
Outstanding on December 31, 2011
29,304,653

 
$
69.19

Granted
5,650,767

 
70.81

Exercised
(3,722,749
)
 
40.57

Forfeited/cancelled
(5,107,912
)
 
76.52

Outstanding on December 31, 2012
26,124,759

 
$
72.19

Vested and expected to vest on December 31, 2012
25,811,443

 
$
72.19

Exercisable on December 31, 2012
17,004,811

 
$
72.30

Schedule Of Stock Options' Intrinsic Value And Remaining Contractual Term
Summary information with respect to our stock options’ intrinsic value and remaining contractual term on December 31, 2012, follows:
 
Weighted Average Remaining
Contractual Term (in years)
 
Aggregate Intrinsic
Value (in millions)
Outstanding
3.2
 
$
76

Vested and expected to vest
3.1
 
76

Exercisable
1.8
 
73

Summary Of Restricted Stock And Restricted Stock Unit Activity
A summary of restricted stock and restricted stock unit activity during 2012 follows:
 
Shares/
Share-Equivalent Units
 
Weighted Average
Grant-Date Fair Value Per Share
Nonvested at December 31, 2011
2,421,033

 
$
63.01

Granted
532,354

 
70.86

Vested
(421,834
)
 
83.03

Forfeited
(38,104
)
 
67.53

Nonvested at December 31, 2012
2,493,449

 
$
61.23