XML 14 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Common Equity (Tables)
6 Months Ended
Jun. 30, 2013
Common Equity (Tables) [Abstract]  
Shares Repurchased [Table Text Block]
 
Six Months Ended June 30
 
2013
 
2012
 
Shares
 
Cost
 
Shares
 
Cost
 
(In Millions)
 
 
 
 
 
 
 
 
Under May 2011 share repurchase program
1.3

 
$
54.7

 

 
$

To fulfill exercised stock options and restricted stock awards
2.0

 
81.0

 
2.1

 
75.7

Total
3.3

 
$
135.7

 
2.1

 
$
75.7

Assumptions for valuing options using binomial option pricing model
 
2013
 
2012
 
 
 
 
Risk-free interest rate
0.1% - 1.9%

 
0.1% - 2.0%

Dividend yield
3.7
%
 
3.9
%
Expected volatility
18.0
%
 
19.0
%
Expected forfeiture rate
2.0
%
 
2.0
%
Expected life (years)
5.9

 
5.9

Stock option activity
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
Weighted-
 
Remaining
 
Aggregate
 
 
Number of
 
Average
 
Contractual Life
 
Intrinsic Value
Stock Options
 
Options
 
Exercise Price
 
(Years)
 
(Millions)
Outstanding as of April 1, 2013
 
9,064,023

 
$
26.34

 
 
 
 
Granted
 

 
$

 
 
 
 
Exercised
 
(574,415
)
 
$
23.33

 
 
 
 
Forfeited
 
(5,350
)
 
$
35.38

 
 
 
 
Outstanding as of June 30, 2013
 
8,484,258

 
$
26.53

 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding as of January 1, 2013
 
8,919,669

 
$
23.86

 
 
 
 
Granted
 
1,418,560

 
$
37.46

 
 
 
 
Exercised
 
(1,848,621
)
 
$
22.00

 
 
 
 
Forfeited
 
(5,350
)
 
$
35.38

 
 
 
 
Outstanding as of June 30, 2013
 
8,484,258

 
$
26.53

 
5.7
 
$
122.6

 
 
 
 
 
 
 
 
 
Exercisable as of June 30, 2013
 
6,090,173

 
$
22.94

 
4.5
 
$
109.9

Stock options outstanding
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
Weighted-Average
 
 
 
Weighted-Average
 
 
 
 
 
 
Remaining
 
 
 
 
 
Remaining
 
 
Number of
 
Exercise
 
Contractual
 
Number of
 
Exercise
 
Contractual
Range of Exercise Prices
 
Options
 
Price
 
Life (Years)
 
Options
 
Price
 
Life (Years)
$16.72 to $21.11
 
2,462,368

 
$
20.21

 
4.1
 
2,462,368

 
$
20.21

 
4.1
$23.88 to $29.35
 
3,746,540

 
$
24.65

 
4.7
 
3,436,600

 
$
24.22

 
4.5
$34.87 to $37.46
 
2,275,350

 
$
36.48

 
9.1
 
191,205

 
$
35.14

 
8.6
 
 
8,484,258

 
$
26.53

 
5.7
 
6,090,173

 
$
22.94

 
4.5
Non-vested options
 
 
 
 
Weighted-Average
Non-Vested Stock Options
 
Number of Options
 
Fair Value
Non-vested as of April 1, 2013
 
2,430,430

 
$
3.38

Granted
 

 
$

Vested
 
(30,995
)
 
$
3.37

Forfeited
 
(5,350
)
 
$
3.37

Non-vested as of June 30, 2013
 
2,394,085

 
$
3.38

 
 
 
 
 
Non-vested as of January 1, 2013
 
1,702,275

 
$
3.31

Granted
 
1,418,560

 
$
3.45

Vested
 
(721,400
)
 
$
3.34

Forfeited
 
(5,350
)
 
$
3.37

Non-vested as of June 30, 2013
 
2,394,085

 
$
3.38

Restricted stock activity
 
 
 
 
Weighted-Average
Restricted Shares
 
Number of Shares
 
Grant Date Fair Value
Outstanding as of April 1, 2013
 
167,729

 
 
Granted
 

 
$

Released
 
(14,888
)
 
$
20.88

Forfeited
 
(1,570
)
 
$
35.30

Outstanding as of June 30, 2013
 
151,271

 
 
 
 
 
 
 
Outstanding as of January 1, 2013
 
188,222

 
 
Granted
 
74,290

 
$
37.65

Released
 
(97,973
)
 
$
26.65

Forfeited
 
(13,268
)
 
$
33.28

Outstanding as of June 30, 2013
 
151,271