Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Stock option activity for the three years ended December 31, 2012 was as follows:


	Option Shares									Weighted Average Exercise Price
	2012			2011			2010			2012		2011		2010
	(in millions)
Outstanding at beginning of year		2.0			1.9			2.1		$	10.16	$	12.61	$	13.60
Granted		0.6			0.7			0.4			5.52		6.50		8.93
Canceled or expired		(0.3	)		(0.6	)		(0.6	)		9.88		14.02		13.47

Outstanding at end of year		2.3			2.0			1.9		$	8.93	$	10.16	$	12.61

Exercisable at end of year		1.3			1.0			1.2		$	11.22	$	13.12	$	14.84

The following table summarizes information for stock options outstanding as of December 31, 2012 under all plans:


	Options Outstanding						Options Exercisable
Range of Exercise Prices	Shares		Weighted Average Remaining Life		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
	(in millions)		(in years)				(in millions)
5.01 — 10.00		1.5		8.1	$	6.12		0.5	$	6.51
10.01 — 15.00		0.4		5.5		10.74		0.4		10.81
15.01 — 20.00		0.4		2.3		16.87		0.4		16.87

		2.3		6.6	$	8.93		1.3	$	11.22

The following table summarizes restricted stock grants for the 12-month period ended December 31, 2012:


	Number of Restricted Shares			Weighted Average Price per Share
	(in millions)
Outstanding and non-vested at December 31, 2011		0.4		$	7.99
Granted		0.1			5.72
Vested		(0.2	)		7.14

Outstanding and non-vested at December 31, 2012		0.3		$	7.38

Performance Share

The fair value is calculated using a Monte Carlo simulation model with the following assumptions:


	2010
Dividend yield		2.4	%
Expected volatility		64	%
Risk free interest rate		1.5	%
Weighted average expected life in years		2.7

Stock Option

The fair value of each option grant was estimated using the Black-Scholes option pricing model with the following assumptions:


	2012			2011			2010
Dividend yield		0.7	%		0.6	%		2.9	%
Expected volatility		59	%		52	%		48	%
Risk free interest rate		0.9	%		2.2	%		2.0	%
Weighted average expected option life in years		5.6			5.9			5.9