Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Stock-Based Compensation [Abstract]  
Schedule Of Assumptions Used And The Resulting Weighted Average Fair Value Of Stock Options Granted
    

2011

  

2010

  

2009

Expected volatility

   27% to 38%    24% to 39%    33% to 48%

Weighted average expected volatility

   34%    35%    38%

Expected term (in years)

   5.6 to 7.5    5.5 to 7.6    4.9 to 7.4

Dividend yield

   3.1%    3.7%    3.5%

Risk-free interest rate

   0.2% to 3.5%    0.2% to 3.7%    0.5% to 2.9%

Weighted average grant date fair value

   $25.12    $18.46    $15.39
Stock Option Activity
      Number
of Shares
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic
Value

(In  thousands)
 
      

Outstanding, December 2010

     6,372,908      $ 65.40         

Granted

     945,517        96.06         

Exercised

     (2,401,094     62.47         

Forfeited/cancelled

     (116,230     76.98         
  

 

 

         

Outstanding, December 2011

     4,801,101        72.62         6.7       $ 261,044   
  

 

 

      

 

 

    

 

 

 

Exercisable, December 2011

     2,780,921      $ 66.78         5.5       $ 167,445   
  

 

 

      

 

 

    

 

 

 
Schedule Of Activity For Restricted Stock Units
     Performance-based      Nonperformance-based  
     Number
Outstanding
    Weighted
Average
Grant Date
Fair Value
     Number
Outstanding
    Weighted
Average
Grant Date
Fair Value
 

Outstanding, December 2010

     855,357      $ 68.09         76,300      $ 79.49   

Granted

     240,672        95.76         86,336        114.31   

Issued as Common Stock

     (238,290     77.54         (576     95.56   

Forfeited/cancelled

     (36,528     75.87         (9,300     71.91   
  

 

 

      

 

 

   

Outstanding, December 2011

     821,211        73.11         152,760        99.57   
  

 

 

      

 

 

   

Vested, December 2011

     480,140      $ 65.90         5,760      $ 95.56   
  

 

 

      

 

 

   
Schedule Of Activity For Restricted Stock
     Nonvested
Shares
Outstanding
    Weighted
Average
Grant Date
Fair Value
 

Nonvested shares, December 2010

     143,259      $ 74.79   

Granted

     68,000        114.77   

Dividend equivalents

     3,367        113.31   

Vested

     (29,152     57.52   

Forfeited

     (5,137     73.47   
  

 

 

   

Nonvested shares, December 2011

     180,337      $ 93.41