v2.4.0.8

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Share-Based Compensation [Abstract]

Schedule of Weighted-Average Assumptions Used to Determine the Weighted-Average Fair Values

		Three Months Ended March 31,
		2014
Weighted-average risk free interest rate			0.79%
Expected volatility(1)			29.1%
Weighted-average fair value at grant date		$	43.13

(1) We use historic volatility for PSU awards issued under the TSR program, as implied volatility cannot be used when simulating multivariate prices for companies in the S&P 500.

Summary of Share-Based Compensation Expense

		Three Months Ended March 31,
		2014			2013
		(in millions)
Share-based compensation expense before income taxes		$	14		$	9
Income tax benefit			(6)			(4)
Share-based compensation expense after income taxes		$	8		$	5

Summary of Stock Option Activity

		Number of Stock Options(1)			Weighted-Average Exercise Price			Weighted-Average Remaining Contractual Term			Aggregate Intrinsic Value
								(in years)			(in millions)
Outstanding at January 1, 2014			4,926,522		$	25.21			4.97		$	73
Exercised			(367,115)			19.39
Forfeited or expired			(27,401)			22.67
Outstanding at March 31, 2014			4,532,006		$	25.70			4.76		$	52
Exercisable at March 31, 2014			4,472,845		$	25.72			4.73		$	51

(1) No stock option awards were granted during the three months ended March 31, 2014.

Summary of Restricted Stock And PSU Activity

		Restricted Stock						PSUs
		Number of Awards			Weighted-Average Grant Date Fair Value			Number of Awards			Weighted-Average Grant Date Fair Value
Unvested balances at January 1, 2014			3,826,470		$	25.96			1,915,601		$	30.03
Granted			953,178	(1)		36.94			787,906	(2)		40.31
Vested			(1,337,866)			22.60			(56,659)			25.28
Forfeited			(72,342)			27.38			(77,344)			27.16
Unvested balances at March 31, 2014			3,369,440		$	30.35			2,569,504		$	33.37

(1) Primarily reflects our company-wide equity grant issued in March 2014, as discussed above.

(2) PSUs granted in 2014 reflect awards issued to certain officers, as described above.

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- Definition

Schedule of Share-Based Compensation Expense Resulting From Equity Awards [Text Block]

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- Definition

Weighted Average Esteimated Fair Value Table

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- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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