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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
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:

 

TABLE 101: TOTAL COMPENSATION EXPENSE FOR SHARE-BASED PAYMENT ARRANGEMENTS TO EMPLOYEES

 

    

FOR THE YEAR ENDED

DECEMBER 31,

 
(In Millions)    2014        2013        2012  

Restricted Stock Unit Awards

   $ 52.9         $ 48.0         $ 44.0   

Stock Options

     12.8           18.4           27.4   

Performance Stock Units

     12.0           7.4           2.5   
                                

Total Share-Based Compensation Expense

   $ 77.7         $ 73.8         $ 73.9   

Tax Benefits Recognized

   $ 29.1         $ 27.7         $ 27.7   
Weighted Average Assumptions Used for Options Granted

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

 

TABLE 102: WEIGHTED-AVERAGE ASSUMPTIONS USED FOR OPTIONS GRANTED                         
     2014        2013        2012  

Expected Term (in Years)

     7.3           7.6           7.5   

Dividend Yield

     2.16        2.38        2.79

Expected Volatility

     30.1           29.5           34.0   

Risk-Free Interest Rate

     2.02           1.43           1.42   
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, 2014, 2013, and 2012.

 

TABLE 103: STOCK OPTIONS GRANTED, VESTED, AND EXERCISED    FOR THE YEAR ENDED DECEMBER 31,  
(In Millions, Except Per Share Information)    2014        2013        2012  

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

   $ 16.22         $ 12.80         $ 11.54   

Grant-Date Fair Value of Stock Options Vested

     21.9           30.0           32.1   

Stock Options Exercised

                              

Intrinsic Value as of Exercise Date

     35.3           26.9           12.8   

Cash Received

     127.5           146.2           32.3   

Tax Deduction Benefits Realized

     12.9           9.8           4.6   
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, 2014, and changes during the year then ended, are presented in the table below.

 

TABLE 105: STATUS OF STOCK OPTIONS AND CHANGES                                  
($ 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, 2013

     11,992,811         $ 53.64                         

Granted

     386,749           60.85                         

Exercised

     (2,515,769        50.70                         

Forfeited, Expired or Cancelled

     (192,710        53.54                         
                                           

Options Outstanding, December 31, 2014

     9,671,081         $ 54.70           5.1         $ 132.6   
                                           

Options Exercisable, December 31, 2014

     7,642,521         $ 55.82           4.5         $ 96.9   
Unvested Options  
Changes in Nonvested Stock

The following is a summary of changes in nonvested stock options for the year ended December 31, 2014.

 

TABLE 104: CHANGES IN NONVESTED STOCK OPTIONS                
NONVESTED OPTIONS    SHARES        WEIGHTED-
AVERAGE
GRANT-
DATE FAIR
VALUE
PER SHARE
 

Nonvested at December 31, 2013

     3,303,826         $ 13.40   

Granted

     386,749           16.22   

Vested

     (1,579,414        13.85   

Forfeited or Cancelled

     (82,601        13.09   
                     

Nonvested at December 31, 2014

     2,028,560         $ 13.60   
Restricted Stock Unit Awards  
Status of Outstanding Restricted Stock Unit Awards 2012 Plan and the 2002 Plan

A summary of the status of outstanding restricted 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.

 

TABLE 106: OUTSTANDING RESTRICTED STOCK UNIT AWARDS                
($ In Millions)    NUMBER        AGGREGATE
INTRINSIC
VALUE
 

Restricted Stock Unit Awards Outstanding, December 31, 2013

     3,478,886         $ 215.3   

Granted

     1,086,241              

Distributed

     (1,015,253           

Forfeited

     (167,965           
                     

Stock and Stock Unit Awards Outstanding, December 31, 2014

     3,381,909         $ 227.9   
                     

Units Convertible, December 31, 2014

     187,010         $ 12.6   
Changes in Nonvested Restricted Stock Unit Awards

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

 

TABLE 107: NONVESTED RESTRICTED STOCK UNIT AWARDS                         

NONVESTED RESTRICTED

STOCK UNITS

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

Nonvested at December 31, 2013

     3,297,827         $ 49.76           2.0   

Granted

     1,086,241           61.17              

Vested

     (1,021,204        50.92              

Forfeited

     (167,965        52.18              
                                

Nonvested at December 31, 2014

     3,194,899         $ 53.14           1.9