XML 35 R48.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Assumptions Used in Options Pricing Model

The assumptions pertaining to options issued during 2014, 2013, and 2012 are shown in the following table.


Year ended December 31,	2014			2013			2012

Average option life		6.2 years			6.3 years			6.3 years
Future dividend yield		1.70	%		2.14	%		1.50	%
Historical share price volatility		.497			.495			.489
Weighted-average risk-free interest rate		1.9	%		1.1	%		1.2	%

Activity, Pricing and Other Information for Stock Options

The following table summarizes activity, pricing and other information for our stock options for the year ended December 31, 2014.


	Number of Options			Weighted-Average Exercise Price Per Option		Weighted-Average Remaining Life (Years)		Aggregate Intrinsic Value ^(a)
Outstanding at December 31, 2013		25,705,942		$	19.83
Granted		730,611			12.92
Exercised		(3,050,309	)		8.72
Lapsed or canceled		(3,470,688	)		29.09
Outstanding at December 31, 2014		19,915,556		$	19.67		3.8	$	58


Expected to vest		3,045,216		$	9.37		7.6	$	14
Exercisable at December 31, 2014		16,635,502		$	21.69		3.0	$	44

(a)	The intrinsic value of a stock option is the amount by which the fair value of the underlying stock exceeds the exercise price of the option. At December 31, 2014, the fair value of the underlying stock was less than the weighted-average exercise price per option.

Activity and Pricing Information for Nonvested Shares in Long-Term Incentive Compensation Program

The following table summarizes activity and pricing information for the nonvested shares in the Program for the year ended December 31, 2014.


	Vesting Contingent on Service Conditions					Vesting Contingent on Performance and Service Conditions
	Number of Nonvested Shares			Weighted- Average Grant-Date Fair Value		Number of Nonvested Shares			Weighted- Average Grant-Date Fair Value
Outstanding at December 31, 2013		4,758,376		$	8.94		4,643,110		$	11.56
Granted		2,314,730			12.92		1,322,326			13.15
Vested		(1,679,312	)		8.94		(1,582,525	)		12.96
Forfeited		(369,582	)		10.52		(308,591	)		13.08
Outstanding at December 31, 2014		5,024,212		$	10.61		4,074,320		$	13.04

Activity and Pricing Information for Nonvested Shares Granted Under Other Restricted Stock Awards

The following table summarizes activity and pricing information for the nonvested shares granted under these restricted stock or unit awards for the year ended December 31, 2014.


	Number of Nonvested Shares			Weighted-Average Grant-Date Fair Value
Outstanding at December 31, 2013		1,366,470		$	8.48
Granted		190,349			12.92
Vested		(634,787	)		8.68
Forfeited		(21,107	)		7.98
Outstanding at December 31, 2014		900,925		$	9.21

Activity and Pricing Information for Nonvested Shares in Deferred Compensation Plans

The following table summarizes activity and pricing information for the nonvested shares in our deferred compensation plans for the year ended December 31, 2014.


	Number of Nonvested Shares			Weighted-Average Grant-Date Fair Value
Outstanding at December 31, 2013		1,344,098		$	9.06
Granted		1,391,968			13.61
Dividend equivalents		38,188			13.77
Vested		(497,376	)		8.65
Forfeited		(54,263	)		12.04
Outstanding at December 31, 2014		2,222,615		$	12.01

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details