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Share-Based Compensation Plans And Other Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Value Of Stock Option Weighted-Average Assumptions
The weighted-average estimated fair value of employee stock options granted during 2014, 2013 and 2012 was $11.02, $9.52 and $9.60, respectively, using the following weighted-average assumptions:
 
2014
 
2013
 
2012
Expected volatility
21.7
%
 
22.1
%
 
24.0
%
Risk-free interest rate
1.6
%
 
0.9
%
 
0.8
%
Dividend yield
2.5
%
 
2.4
%
 
2.2
%
Expected life (years)
5.2

 
5.9

 
6.1

Schedule Of Stock Option Activity
Stock option activity was as follows (in thousands, except exercise price and employee data): 
 
2014
 
2013
 
2012
Years ended December 31
Shares
Subject to
Options
 
Wtd. Avg.
Exercise
Price
 
Shares
Subject to
Options
 
Wtd. Avg.
Exercise
Price
 
Shares
Subject to
Options
 
Wtd. Avg.
Exercise
Price
Options outstanding at January 1
10,937

 
$
79

 
13,132

 
$
70

 
15,729

 
$
63

Options granted
1,340

 
66

 
1,652

 
57

 
1,286

 
51

Options exercised
(1,526
)
 
39

 
(2,950
)
 
31

 
(2,831
)
 
29

Options terminated, cancelled or expired
(1,067
)
 
65

 
(897
)
 
65

 
(1,052
)
 
60

Options outstanding at December 31
9,684

 
85

 
10,937

 
79

 
13,132

 
70

Options exercisable at December 31
7,282

 
94

 
7,628

 
91

 
9,242

 
81

Approx. number of employees granted options
118

 
 
 
123

 
 
 
115

 
 
Stock Options Outstanding And Exercisable
The following table summarizes information about stock options outstanding and exercisable at December 31, 2014 (in thousands, except exercise price and years):
 
Options Outstanding
 
Options
Exercisable
Exercise price range
No. of
options
 
Wtd. avg.
Exercise
Price
 
Wtd. avg.
contractual
life (in yrs.)
 
No. of
options
 
Wtd. avg.
Exercise
Price
Under $30
699

 
$
27

 
5
 
699

 
$
27

$30-$40
2,222

 
39

 
5
 
2,222

 
39

$41-$50
231

 
45

 
6
 
222

 
45

$51-$60
1,786

 
54

 
8
 
584

 
54

$61-$70
1,430

 
66

 
8
 
239

 
65

$71-$80
197

 
74

 
2
 
197

 
74

$81 and over
3,119

 
161

 
0
 
3,119

 
161

 
9,684

 
 
 
 
 
7,282

 
 
Restricted Stock And Restricted Stock Unit Activity
Restricted stock and restricted stock unit activity was as follows (in thousands, except fair value and employee data): 
 
2014
 
2013
 
2012
Years ended December 31
RS and RSU
 
Wtd. Avg.
Grant
Date Fair
Value
 
RS and RSU
 
Wtd Avg.
Grant
Date Fair
Value
 
RS and RSU
 
Wtd Avg.
Grant
Date Fair
Value
RS and RSU outstanding at January 1
3,728

 
$
49

 
6,299

 
$
41

 
8,990

 
$
40

Granted
1,235

 
63

 
1,558

 
54

 
1,657

 
49

Vested
(2,445
)
 
48

 
(3,610
)
 
38

 
(3,845
)
 
41

Terminated, canceled or expired
(765
)
 
54

 
(519
)
 
45

 
(503
)
 
33

RS and RSU outstanding at December 31
1,753

 
58

 
3,728

 
49

 
6,299

 
41

Approx. number of employees granted RS and RSUs
1,979

 
 
 
2,295

 
 
 
2,355

 
 
Schedule Of Compensation Expense
Compensation expense for the Company’s employee stock options, stock appreciation rights, employee stock purchase plans, RS and RSUs was as follows: 
Years ended December 31
2014
 
2013
 
2012
Share-based compensation expense included in:
 
 
 
 
 
Costs of sales
$
10

 
$
16

 
$
20

Selling, general and administrative expenses
61

 
73

 
88

Research and development expenditures
23

 
31

 
38

Share-based compensation expense included in Operating earnings
94

 
120

 
146

Tax benefit
30

 
37

 
49

Share-based compensation expense, net of tax
$
64

 
$
83

 
$
97

Decrease in basic earnings per share
$
(0.28
)
 
$
(0.31
)
 
$
(0.33
)
Decrease in diluted earnings per share
$
(0.28
)
 
$
(0.31
)
 
$
(0.33
)
Share-based compensation expense in discontinued operations
$
20

 
$
33

 
$
38