Shareholders' Equity

6 Months Ended

Jun. 30, 2014

Shareholders' Equity

Shareholders' Equity

NOTE 7. Shareholders' Equity

The weighted average assumptions used in the valuation of equity-based awards and the activity relating to options and RSUs during the period are presented in the following tables

		Six Months Ended June 30,
		2014			2013
Weighted average assumptions:
	Risk-free interest rate		2.2	%		1.3	%
	Dividend yield		2.8			3.6
	Volatility factor		26.5			28.0
	Expected life		6.5	yrs		7.0	yrs
Fair value of options per share		$	7.82		$	5.48

			Wtd. Avg.
			Exercise
		Options	Price
		(shares in thousands)
Outstanding at January 1, 2014		37,996	$	34.90
	Granted	276		37.55
	Exercised	(7,897)		34.51
	Forfeited or expired	(965)		36.65
Outstanding at June 30, 2014		29,410		34.98
Exercisable at June 30, 2014		26,041		35.60
Exercisable and expected to vest at June 30, 2014		29,167	$	35.02

			Wtd. Avg.
		Restricted	Grant Date
		Shares/Units	Fair Value
		(shares in thousands)
Nonvested at January 1, 2014		15,181	$	20.46
	Granted	3,596		33.18
	Vested	(6,203)		13.92
	Forfeited	(166)		26.05
Nonvested at June 30, 2014		12,408		27.34
Expected to vest at June 30, 2014		11,336		27.36