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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Table Text Block [Abstract]  
Share-Based Compensation Cost Table
The following summarizes share-based compensation expense for the years ended December 31:
millions
2013
 
2012
 
2011
Equity-Classified Awards
 
 
 
 
 
Restricted stock
$
122

 
$
103

 
$
80

Stock options
27

 
43

 
51

Performance-based share awards and other
1

 
1

 
1

Total equity-classified award compensation expense
150

 
147

 
132

Liability-Classified Awards
 
 
 
 
 
Value creation plan

 
(2
)
 
26

Performance-based unit awards
4

 
8

 
28

Other performance-based awards

 
165

 
28

Other
1

 
2

 
1

Total liability-classified award compensation expense
5

 
173

 
83

Pretax compensation expense
$
155

 
$
320

 
$
215

Income tax benefit
$
57

 
$
117

 
$
78

Restricted Stock Activity Table
The following summarizes the Company’s restricted stock activity:
 
Shares
(millions)
 
Weighted-
Average
Grant-Date
Fair Value
(per share)
Non-vested at January 1, 2013
2.82

 
$
79.27

Granted
1.88

 
$
84.17

Vested
(1.32
)
 
$
78.19

Forfeited
(0.16
)
 
$
80.37

Non-vested at December 31, 2013
3.22

 
$
82.53

Stock Option Valuation Assumptions Table
The Company used the following weighted-average assumptions to estimate the fair value of stock options granted during 2013, 2012, and 2011:
 
2013
 
2012
 
2011
Expected option life—years
4.8
 
 
4.9
 
 
4.8
 
Volatility
33.9
%
 
44.2
%
 
42.0
%
Risk-free interest rate
1.3
%
 
0.7
%
 
1.5
%
Dividend yield
0.8
%
 
0.5
%
 
0.5
%
Stock Option Activity Table
The following summarizes the Company’s stock option activity:
 
Shares
(millions)
 
Weighted-
Average
Exercise
Price
(per share)
 
Weighted-
Average
Remaining
Contractual
Term
(years)
 
Aggregate
Intrinsic
Value
(millions)
Outstanding at January 1, 2013
9.36

 
$
58.66

 
 
 
 
Granted
0.91

 
$
91.71

 
 
 
 
Exercised
(2.43
)
 
$
55.59

 
 
 
 
Forfeited or expired
(0.12
)
 
$
74.55

 
 
 
 
Outstanding at December 31, 2013
7.72

 
$
63.30

 
3.59
 
$
138.3

Vested or expected to vest at December 31, 2013
7.65

 
$
63.14

 
3.57
 
$
138.2

Exercisable at December 31, 2013
5.87

 
$
57.00

 
2.83
 
$
133.5