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Share-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Schedule of Compensation Cost and Income Tax Benefit
For the years ended December 31:
 
 
2013
 
2012
 
2011
Compensation cost for stock options, stock appreciation rights, performance restricted stock units and restricted stock units
 
$
43.3

 
$
41.1

 
$
36.6

Total income tax benefit recognized for share-based arrangements
 
14.9

 
13.0

 
11.7
Schedule of Weighted-Average Assumptions for Options Granted During Period
The fair value of each option is estimated on the date of grant using a Black-Scholes-Merton option-pricing model with the following weighted-average assumptions for options granted during the years ended December 31:
 
 
2013
 
2012
 
2011
Risk-free rate(1)
 
*
 
.7
%
 
1.8
%
Expected term(2)
 
*
 
4 years

 
4 years

Expected volatility(3)
 
*
 
38
%
 
38
%
Expected dividends(4)
 
*
 
5.0
%
 
3.0
%
 *
There were no stock options granted in 2013.
(1)
The risk-free rate was based upon the rate on a zero coupon U.S. Treasury bill, for periods within the contractual life of the option, in effect at the time of grant.
(2)
The expected term of the option was based on historical employee exercise behavior, the vesting terms of the respective option and a contractual life of 10 years.
(3)
Expected volatility was based on the weekly historical volatility of our stock price, over a period similar to the expected life of the option.
(4)
Assumed the then-current cash dividends of $.23 during 2012 and $.23 during 2011 per share each quarter on our common stock for options granted during those years.
Schedule of Options Activity During Period
A summary of stock options as of December 31, 2013, and changes during 2013, is as follows:
 
 
Shares
(in 000’s)
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2013
 
26,290

 
$
31.00

 
 
 
 
Granted
 
—

 
—

 
 
 
 
Exercised
 
(1,216
)
 
15.73

 
 
 
 
Forfeited
 
(337
)
 
20.94

 
 
 
 
Expired
 
(3,194
)
 
29.22

 
 
 
 
Outstanding at December 31, 2013
 
21,543

 
$
32.27

 
3.5
 
$
5.6

Exercisable at December 31, 2013
 
19,869

 
$
32.73

 
3.2
 
$
5.6
Schedule of Cash Proceeds, Tax Benefits, and Instrinsic Value Related to Options Exercised During Period
Cash proceeds, tax benefits, and intrinsic value related to total stock options exercised during 2013, 2012 and 2011, were as follows:
 
 
2013
 
2012
 
2011
Cash proceeds from stock options exercised
 
$
19.4

 
$
8.6

 
$
16.8

Tax (obligation) benefit realized for stock options exercised
 
(1.8
)
 
(3.7
)
 
1.3

Intrinsic value of stock options exercised
 
6.4

 
2.2

 
10.0
Schedule of Restricted Stock and Units Activity During Period
A summary of restricted stock and restricted stock units at December 31, 2013, and changes during 2013, is as follows:
 
 
Restricted Stock
And Units
(in 000’s)
 
Weighted-Average
Grant-Date
Fair Value
January 1, 2013
 
3,467

 
$
23.18

Granted
 
2,323

 
20.36

Vested
 
(1,004
)
 
27.91

Forfeited
 
(552
)
 
22.03

December 31, 2013
 
4,234

 
$
20.67
Schedule of Share-Based Compensation Performance Restricted Stock Units Activity
A summary of performance restricted stock units at December 31, 2013, and changes during 2013, is as follows:
 
 
Performance Restricted
Stock Units
(in 000’s)
 
Weighted-Average
Grant-Date
Fair Value
January 1, 2013(1)
 
2,909

 
$
22.19

Granted
 
1,977

 
20.17

Vested
 
—

 
—

Forfeited
 
(503
)
 
21.34

December 31, 2013(1)
 
4,383

 
$
22.19

(1) Based on initial target payout