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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Compensation Expense for Share-Based Payment Arrangements and Associated Tax Impacts

Total compensation expense for share-based payment arrangements to employees and the associated tax impacts were as follows for the periods presented:

 

    

FOR THE YEAR ENDED

DECEMBER 31,

 
(In Millions)    2013      2012      2011  

Stock and Stock Unit Awards

   $ 48.0       $ 44.0       $ 36.2   

Stock Options

     18.4         27.4         34.1   

Performance Stock Units

     7.4         2.5           
                            

Total Share-Based Compensation Expense

   $ 73.8       $ 73.9       $ 70.3   

Tax Benefits Recognized

   $ 27.7       $ 27.7       $ 26.5   
Weighted Average Assumptions Used for Options Granted

The weighted-average assumptions used for options granted during the years ended December 31 are as follows:

 

     2013        2012        2011  

Expected Term (in Years)

     7.6           7.5           7.7   

Dividend Yield

     2.38        2.79        4.56

Expected Volatility

     29.5           34.0           43.2   

Risk Free Interest Rate

     1.43           1.42           2.94   
Information Pertaining to Stock Options Granted, Vested and Exercised

The following table provides information about stock options granted, vested, and exercised in the years ended December 31, 2013, 2012 and 2011.

 

(In Millions, Except Per Share Information)    2013      2012      2011  

Weighted Average Grant-Date Per Share Fair Value of Stock Options Granted

   $ 12.80       $ 11.54       $ 15.26   

Grant-Date Fair Value of Stock Options Vested

     30.0         32.1         27.9   

Stock Options Exercised

                          

Intrinsic Value as of Exercise Date

     26.9         12.8         1.5   

Cash Received

     146.2         32.3         5.4   

Tax Deduction Benefits Realized

     9.8         4.6         0.5   
Summary of Status of Stock Options under 2012 Plan and 2002 Plan

A summary of the status of stock options under the 2012 Plan and the 2002 Plan at December 31, 2013, and changes during the year then ended, are presented in the table below.

 

($ In Millions Except Per Share Information)    SHARES       

WEIGHTED

AVERAGE
EXERCISE

PRICE
PER SHARE

      

WEIGHTED

AVERAGE

REMAINING
CONTRACTUAL
TERM (YEARS)

       AGGREGATE
INTRINSIC
VALUE
 

Options Outstanding, December 31, 2012

     15,302,474         $ 52.53                         

Granted

     446,868           52.69                         

Exercised

     (3,088,490        47.43                         

Forfeited, Expired or Cancelled

     (668,041        56.30                         
                                           

Options Outstanding, December 31, 2013

     11,992,811         $ 53.64           5.5         $ 110.5   
                                           

Options Exercisable, December 31, 2013

     8,688,985         $ 55.52           4.7         $ 66.9   
Unvested Options
 
Changes in Nonvested Stock

The following is a summary of changes in nonvested stock options for the year ended December 31, 2013.

 

NONVESTED OPTIONS    SHARES      WEIGHTED-
AVERAGE
GRANT-
DATE FAIR
VALUE
PER SHARE
 

Nonvested as December 31, 2012

     4,966,030       $ 14.00   

Granted

     446,868         12.80   

Vested

     (2,038,108      14.74   

Forfeited or Cancelled

     (70,964      13.43   
                   

Nonvested at December 31, 2013

     3,303,826       $ 13.40   
Stock And Stock Units
 
Changes in Nonvested Stock

The following is a summary of nonvested stock and stock unit awards at December 31, 2013, and changes during the year then ended.

 

NONVESTED STOCK

AND STOCK UNITS

   NUMBER      WEIGHTED
AVERAGE
GRANT-
DATE FAIR
VALUE PER
UNIT
     WEIGHTED
AVERAGE
REMAINING
VESTING
TERM
(YEARS)
 

Nonvested at December 31, 2012

     3,136,496       $ 49.20         2.0   

Granted

     1,181,321         52.82            

Vested

     (862,408      52.47            

Forfeited

     (157,582      46.67            
                            

Nonvested at December 31, 2013

     3,297,827       $ 49.76         2.0   
Status of Outstanding Stock and Stock Unit Awards 2012 Plan and 2002 Plan

A summary of the status of outstanding stock and stock unit awards under the 2012 Plan and the 2002 Plan at December 31, 2013, and changes during the year then ended, is presented in the table below.

 

($ In Millions)    NUMBER      AGGREGATE
INTRINSIC
VALUE
 

Stock and Stock Unit Awards Outstanding, December 31, 2012

     3,306,444       $ 165.9   

Granted

     1,181,321            

Distributed

     (851,297         

Forfeited

     (157,582         
                   

Stock and Stock Unit Awards Outstanding, December 31, 2013

     3,478,886       $ 215.3   
                   

Units Convertible, December 31, 2013

     181,059       $ 11.2