v2.4.0.6
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2011
STOCK-BASED COMPENSATION  
Schedule of changes in outstanding stock options

 

 

 
  December 31, 2011  
 
  Shares   Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 
 
  (Shares and intrinsic value in thousands)
 

Outstanding at January 1, 2011

    13,418   $ 22.06              

Granted

    2,563     32.37              

Exercised

    (4,733 )   22.03              

Forfeited

    (683 )   17.66              

Expired

    (40 )   19.79              
                         

Outstanding at December 31, 2011

    10,525   $ 24.88     7.1   $ 186,474  
                   

Options exercisable

    3,871   $ 23.30     5.2   $ 74,704  
                   
Schedule of information about stock options outstanding and exercisable

 

 

 
  Options Outstanding   Options Exercisable  
Range of Exercise Prices
  Outstanding at
December 31,
2011
  Weighted-
Average
Remaining
Contractual
Life in Years
  Weighted-
Average
Exercise
Price
  Exercisable at
December 31,
2011
  Weighted-
Average
Remaining
Contractual
Life
  Weighted-
Average
Exercise
Price
 
 
  (Shares in thousands)
 

$0.01 to $10.00

    28     1.4   $ 4.46     28     1.4   $ 4.46  

$10.01 to $20.00

    3,080     6.3     16.54     1,650     5.7     16.31  

$20.01 to $30.00

    3,483     6.6     22.02     1,473     5.6     22.56  

$30.01 to $40.00

    3,156     9.2     32.20     19     2.1     33.79  

$40.01 to $50.00

    778     4.1     41.76     701     3.4     41.80  
                                   

 

    10,525     7.1   $ 24.88     3,871     5.2   $ 23.30  
                                   
Schedule of weighted average assumptions used in Black-Scholes option pricing model

 

 

 
  Years Ended December 31,  
 
  2011   2010   2009  

Expected volatility

    30 %   30 %   59 %

Risk-free interest rate

    2.3 %   2.4 %   2.1 %

Expected term

    6.1 years     5.6 years     4.9 years  

Dividend yield

    0     0     0  
Schedule of outstanding nonvested RSUs and PSUs

 

 

 
  RSUs   PSUs  
 
  Number
of shares
  Weighted
Average
Grant Date
Fair Value
  Number
of shares(a)
  Weighted
Average
Grant Date
Fair Value
 
 
  (Shares in thousands)
 

Nonvested at January 1, 2011

    1,568   $ 24.78     3,898   $ 21.52  

Granted

    126     35.27     1,332     32.14  

Vested

    (1,060 )   22.79          

Forfeited

    (74 )   23.91     (689 )   22.95  
                       

Nonvested at December 31, 2011

    560   $ 31.06     4,541   $ 24.41  
                       

(a)
Included in the table are PSUs which cliff vest at the end of two or three years in varying amounts depending upon certain performance conditions. The PSU table above includes these awards at their maximum.