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Stock-Based Compensation Plans and Arrangements (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Black-Scholes Model Assumptions for Calculating Stock Option Fair Values

The fair values of the options granted in the years ended December 31, 2013, 2012 and 2011 were estimated as of the grant date using a Black-Scholes option pricing model with the following weighted average assumptions:

		Years Ended December 31,
		2013				2012				2011
Risk-free interest rate			.65	%			.60	%			1.57	%
Expected volatility			31	%			44	%			54	%
Expected dividend rate			3.35	%			3.13	%			2.58	%
Expected life of the option			2.8 years				2.8 years				4.1 years
Weighted average fair value of options granted		$	3.11			$	4.12			$	5.18

Stock Option Activity

The following table summarizes stock option activity in 2013.

(Dollars in millions, except per share data)		Number of Options				Weighted Average Exercise Price per Share				Weighted Average Remaining Contractual Term				Aggregate Intrinsic Value(1)
Outstanding at December 31, 2012			25,992,747			$	19.84
Granted			3,980,008				17.92
Exercised(2)(3)			(7,614,500	)			12.81
Canceled			(2,085,495	)			34.94
Outstanding at December 31, 2013(4)(5)			20,272,760			$	20.55				4.1 yrs			$	198
Exercisable at December 31, 2013			14,426,174			$	21.84				4.1 yrs			$	145

⁽¹⁾  The aggregate intrinsic value represents the total intrinsic value (the aggregate difference between our closing stock price on December 31, 2013 and the exercise price of in-the-money options) that would have been received by the option holders if all in-the-money options had been exercised on December 31, 2013.

⁽²⁾  The total intrinsic value of options exercised was $73 million, $27 million and $14 million for 2013, 2012 and 2011, respectively.

⁽³⁾  No cash was received from option exercises in 2013. The actual tax benefit realized for the tax deductions from option exercises totaled $28 million for 2013.

⁽⁴⁾  As of December 31, 2013, there was $4 million of unrecognized compensation cost related to stock options net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.5 years.

⁽⁵⁾  For net-settled options, gross number is reflected.

Restricted Stock Activity

The following table summarizes restricted stock activity in 2013.

		Number of Shares				Weighted Average Grant Date Fair Value
Non-vested at December 31, 2012			187,792			$	11.55
Granted			51,073				17.91
Vested(1)			(193,370	)			12.47
Canceled			(6,140	)			17.91
Non-vested at December 31, 2013(2)			39,355			$	14.29

⁽¹⁾  The total fair value of shares that vested during 2013, 2012 and 2011 was $2 million, $4 million and $6 million, respectively.

⁽²⁾  As of December 31, 2013, there was $.01 million of unrecognized compensation cost related to restricted stock net of estimated forfeitures, which is expected to be recognized over a weighted average period of .1 years.

Restricted Stock Unit and Performance Stock Unit Activity

The following table summarizes RSU and PSU activity in 2013.

		Number of RSUs/ PSUs				Weighted Average Grant Date Fair Value
Outstanding at December 31, 2012			4,473,464			$	15.49
Granted			2,457,570				17.98
Vested and converted to common stock(1)			(1,730,669	)			15.32
Canceled			(73,478	)			16.52
Outstanding at December 31, 2013(2)			5,126,887			$	16.72

⁽¹⁾  The total fair value of RSUs/PSUs that vested and converted to common stock during 2013, 2012 and 2011 was $27 million, $13 million and $.4 million, respectively.

⁽²⁾  As of December 31, 2013, there was $15 million of unrecognized compensation cost related to RSUs/PSUs net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.8 years.

Black-Scholes Model Assumptions for Calculating ESPP Fair Values

The fair values of the stock purchase rights of the ESPP offerings were calculated using a Black-Scholes option pricing model with the following weighted average assumptions.

		Years Ended December 31,
		2013				2012				2011
Risk-free interest rate			.15	%			.13	%			.27	%
Expected volatility			29	%			29	%			42	%
Expected dividend rate			3.51	%			3.27	%			1.87	%
Expected life of the option			1 year				1 year				1 year
Weighted average fair value of stock purchase rights		$	2.95			$	3.01			$	3.63

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