v2.4.0.6
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2011
Share-Based Compensation [Abstract]  
Schedule of the Effects of Share-Based Compensation Included in the Consolidated Comprehensive Statements of Earnings

 

2011

2010

2009

 

(In millions)

Gross general and administrative expense

$    181

$    188

$    209

Share-based compensation expense capitalized pursuant to the

  full cost method of accounting for oil and gas properties

 

$      56

 

$      58

 

$      66

Related income tax benefit

$      33

$      40

$      43

 

 

 

 

Summary Of Unvested Restricted Stock Awards And Units, Including Changes During The Year

 

 

 

 

 

Restricted Stock Awards & Units

 

Weighted

Average

Grant-Date

Fair Value

 

(In thousands)

 

Unvested at December 31, 2010

           5,311

  $  70.60

  Granted

           2,301

  $  65.40

  Vested

          (2,188)

  $  72.05

  Forfeited

             (200)

  $  71.18

Unvested at December 31, 2011

           5,224

  $  67.85

Summary Of The Grant-Date Fair Values Of Stock Options Granted And Their Related Assumptions, Represented By The Weighted-Average Amounts

 

2011

2010

2009

Grant-date fair value

$      23.11

$      25.41

$      22.85

Volatility factor

         46.0%

         45.3%

         47.7%

Dividend yield

           1.0%

           1.0%

           0.9%

Risk-free interest rate

           0.8%

           1.1%

           2.1%

Expected term (in years)

      4.2

      4.5

      4.0

Summary Of Outstanding Stock Options, Including Changes During The Year

 

 

Weighted Average

 

 

 

Options

Exercise

Price

Remaining

Term

Intrinsic

Value

 

(In thousands)

 

(In years)

(In millions)

Outstanding at December 31, 2010

         11,434

  $  62.64

 

 

  Granted

           1,962

  $  66.98

 

 

  Exercised

          (2,366)

  $  47.51

 

 

  Forfeited

             (487)

  $  73.32

 

 

Outstanding at December 31, 2011

         10,543

  $  66.35

         4.31

      $   40

Vested and expected to vest at December 31, 2011..

         10,428

  $  66.33

         4.27

      $   40

Exercisable at December 31, 2011

           6,716

  $  65.39

         2.90

      $   39

Summary Of Performance Based Restricted Stock Awards

 

 

 

 

Performance Restricted Stock Awards 

Weighted

Average

Grant-Date

Fair Value

 

(In thousands)

 

Unvested at December 31, 2010

                

  $       

  Granted

              184

  $  65.10

Unvested at December 31, 2011

              184

  $  65.10

Summary Of Performance Share Units

Share Units

 

Weighted

Average

Grant-Date

Fair Value

 

(In thousands)

 

Unvested at December 31, 2010

                

  $       

  Granted (1)

              171

  $  81.70

Unvested at December 31, 2011

              171

  $  81.70

____________________________

(1)     A maximum of 341,000 common shares could be awarded based upon Devon's final TSR ranking.