XML 114 R51.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the activity related to options during 2014:
 
Options
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining
Contractual Term
(Years)
 
Aggregate Intrinsic
Value (In millions)
Outstanding at January 1
12,787,545

 
$
15.45

 
 
 
 

Options granted
816,713

 
26.22

 
 
 
 

Options exercised
(2,941,178
)
 
13.82

 
 
 
$
37

Options expired
(107,909
)
 
12.54

 
 
 
 

Options cancelled
(204,538
)
 
17.77

 
 
 
 

Outstanding at December 31
10,350,633

 
16.75

 
5.7
 
123

Vested and expected to vest at December 31
9,954,431

 
16.77

 
5.6
 
119

Exercisable at December 31
6,748,799

 
16.95

 
4.4
 
79

Available for grant at December 31
9,954,317

 
 

 
 
 
 

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
Significant option groups outstanding at December 31, 2014 and related weighted average exercise price and remaining contractual term information follows:
Grant Date
 
Options Outstanding
 
Options Exercisable
 
Exercise Price
 
Remaining Contractual Term(Years)
2/24/2014
 
600,801

 

 
$
26.44

 
9.2

2/28/2013
 
1,815,818

 
422,219

 
12.98

 
8.2

2/27/2012
 
1,433,627

 
666,348

 
12.94

 
7.2

2/22/2011
 
995,776

 
712,524

 
13.91

 
6.2

2/23/2010
 
771,769

 
771,769

 
12.74

 
5.2

2/26/2009
 
707,972

 
707,972

 
4.81

 
4.2

2/21/2008
 
976,043

 
976,043

 
26.74

 
3.2

2/27/2007
 
1,039,847

 
1,039,847

 
24.71

 
2.2

12/6/2005
 
405,944

 
405,944

 
17.15

 
0.9

All other
 
1,603,036

 
1,046,133

 
(1
)
 
(1
)
 
 
10,350,633

 
6,748,799

 
 

 
 

_______________________________________
(1)
Options in the “All other” category had exercise prices ranging from $6.22 to $36.25. The weighted average exercise price for options outstanding and exercisable in that category was $18.43 and $17.56, respectively, while the remaining weighted average contractual term was 6.0 and 4.6, respectively.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Weighted average grant date fair values of stock options and the assumptions used in estimating those fair values are as follows:
 
2014
 
2013
 
2012
Weighted average grant date fair value
$
11.48

 
$
6.28

 
$
6.33

Black-Scholes model assumptions (1):
 

 
 

 
 

Expected term (years)
7.40

 
6.25

 
6.25

Interest rate
2.10
%
 
1.11
%
 
1.09
%
Volatility
43.45
%
 
46.66
%
 
50.83
%
Dividend yield
0.81
%
 

 

_______________________________________
(1)
We review the assumptions used in our Black-Scholes model in conjunction with estimating the grant date fair value of the annual grants of stock-based awards by our Board of Directors.
Schedule of Nonvested Share Activity [Table Text Block]
The following table summarizes the activity related to performance share units during 2014:
 
Units
 
Weighted Average Grant Date Fair Value
Unvested at January 1
341,049

 
$
13.61

Units granted
143,199

 
29.00

Units vested
(159,806
)
 
13.57

Units forfeited
(2,344
)
 
13.63

Unvested at December 31
322,098

 
20.47

 
Units
 
Weighted Average Grant Date Fair Value
Unvested at January 1
439,952

 
$
16.35

Units granted
259,869

 
25.49

Units vested and settled
(214,943
)
 
13.71

Units forfeited
(2,701
)
 
26.40

Unvested at December 31
482,177

 
22.36

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
Stock-based compensation expense, cash payments made to settle SARs and cash received from the exercise of stock options follows:
(In millions)
2014
 
2013
 
2012
Stock-based compensation expense recognized
$
20

 
$
18

 
$
15

Tax benefit
(7
)
 

 

After-tax stock-based compensation expense
$
13

 
$
18

 
$
15

Cash payments to settle SARs
$
2

 
$
1

 
$

Cash received from stock option exercises
$
39

 
$
22

 
$
4