Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.0.8
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity Under Share-Based Compensation Plans

The following tables summarize the activity under all share-based compensation plans for the six months ended June 30, 2013:

 

     Awards     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value(1)
 

Stock Options & SARs

   (In thousands)                   (In millions)  

Outstanding at December 31, 2012(2)(3)

     11,333      $ 28.62         5.9 years       $ 119.1   

Granted

     85      $ 35.46         

Exercised

     (9   $ 10.34         

Forfeited

     (30   $ 44.81         
  

 

 

         

Outstanding at June 30, 2013(2)(3)

     11,379      $ 28.65         5.4 years       $ 208.5   
  

 

 

         

Exercisable at June 30, 2013(2)

     7,568      $ 20.79         4.3 years       $ 188.2   
  

 

 

         

 

(1) The intrinsic value is the amount by which the current market value of the underlying stock exceeds the exercise price of the stock awards.
(2) Includes 1.5 million market condition SARs.
(3) Includes 0.9 million market and performance condition SARs.

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Incentive Plan and Independent Directors Stock Units

   (In thousands)        

Outstanding and nonvested December 31, 2012

     321.6      $ 11.70   

Granted

     7.6      $ 35.63   

Vested

     (186.7   $ 13.18   

Forfeited

     (0.2   $ 53.60   
  

 

 

   

Outstanding and nonvested at June 30, 2013

     142.3      $ 10.47