Stock-based Compensation

3 Months Ended

Mar. 31, 2012

Stock Based Compensation Disclosure [Abstract]

Stock-based Compensation

2) STOCK-BASED COMPENSATION

The following table summarizes the Company's stock-based compensation expense for the three months ended March 31, 2012 and 2011.

	Three Months Ended
	March 31,
	2012		2011
RSUs and PSUs	$	30	$	25
Stock options and equivalents		12		9
Stock-based compensation expense, before income taxes		42		34
Related tax benefit		(16)		(13)
Stock-based compensation expense, net of tax benefit	$	26	$	21

During the three months ended March 31, 2012, the Company granted 4 million RSUs with a weighted average per unit grant date fair value of $29.28. RSU grants during the first quarter of 2012 generally vest over a one-to-four-year service period. Certain RSU awards are also subject to satisfying performance conditions. The number of shares that will be issued upon vesting of RSU awards with performance conditions can range from 0% to 120% of the target award, based on the achievement of established operating performance goals. During the three months ended March 31, 2012, the Company also granted 3 million stock options with a weighted average exercise price of $29.44. Stock option grants during the first quarter of 2012 generally vest over a three-to-four-year service period and expire eight years from the date of grant.

Total unrecognized compensation cost related to non-vested RSUs at March 31, 2012 was $230 million, which is expected to be expensed over a weighted average period of 2.7years. Total unrecognized compensation cost related to non-vested stock option awards at March 31, 2012 was $87 million, which is expected to be expensed over a weighted average period of 2.8 years.