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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Share-Based Compensation  
Components of share-based compensation expense

 

 

Three-Month Periods Ended

 

 

March 31,

 

 

2013

 

2012

 

 

 

 

 

Cost of goods sold

 

  $

 2.8

 

  $

 2.9

Research and development

 

27.0

 

25.0

Selling, general and administrative

 

35.8

 

26.8

 

 

 

 

 

Total share-based compensation expense

 

65.6

 

54.7

Tax benefit related to share-based compensation expense

 

17.9

 

14.6

Reduction in income

 

  $

 47.7

 

  $

 40.1

 

 

 

 

 

 

Summary of activity for stock options, RSUs and PSUs

The following table summarizes the activity for stock options, RSUs and PSUs for the three-month period ended March 31, 2013 (in thousands):

 

 

 

 

 

 

 

Performance-

 

 

 

 

Restricted

 

Based Restricted

 

 

Stock

 

Stock

 

Stock

 

 

Options

 

Units

 

Units

 

 

 

 

 

 

 

Outstanding at December 31, 2012

 

42,592

 

4,463

 

26

 

 

 

 

 

 

 

Changes during the Year:

 

 

 

 

 

 

Granted

 

2,072

 

78

 

-

Exercised / Released

 

(5,166)

 

(97)

 

(6)

Forfeited

 

(299)

 

(35)

 

(8)

Expired

 

(8)

 

N/A

 

N/A

Outstanding at March 31, 2013

 

39,191

 

4,409

 

12

Schedule of total compensation cost related to nonvested awards not yet recognized and weighted-average periods over which awards are expected to be recognized

Total compensation cost related to nonvested awards not yet recognized and the weighted-average periods over which the awards are expected to be recognized at March 31, 2013 were as follows (dollars in millions):

 

 

 

 

 

Restricted

 

Performance-

 

 

Stock

 

Stock

 

Based Restricted

 

 

Options

 

Units

 

Stock Units

 

 

 

 

 

 

 

Unrecognized compensation cost

 

   $

 291.2

 

   $

 152.1

 

   $

 0.4

Expected weighted-average period in years of compensation cost to be recognized

 

2.3

 

1.5

 

1.3