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Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Fair Values for Stock-based Awards Granted Using Black-Scholes Option Pricing Model

The fair values for option awards granted in 2013, 2012 and 2011 were estimated at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:

		For the Year Ended December 31,
		2013		2012		2011
Weighted-average fair value of grants		$5.31		$5.07		$5.63
Risk-free interest rate (range)		0.9% - 1.8%		0.5% - 1.1%		1.4% - 3.0%
Dividend yield (range)		4.1% - 4.5%		3.6% - 4.7%		3.4% - 4.9%
Expected life (range)		5 - 6 years		4 - 5 years		7 years
Expected volatility (range)		49.2% - 52.5%		50.8% - 66.8%		52.1% - 69.0%

Summary of Stock Option Activity

The following table reflects the stock option activity described above:

										Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term (years)				Aggregate Intrinsic Value (thousands)
		Number of Options (thousands)
		Employees				Directors
Balance December 31, 2010			3,223				20			$	28.28
Granted			276				—				13.72
Exercised			(192	)			—				6.39
Forfeited			(624	)			(10	)			41.02
Balance December 31, 2011			2,683				10			$	25.35
Granted			345				—				13.87
Exercised			(266	)			—				6.54
Forfeited			(166	)			(10	)			26.21
Balance December 31, 2012			2,596				—			$	25.70
Granted			345				—				16.91
Exercised			(87	)			—				9.25
Forfeited			(193	)			—				28.10
Balance December 31, 2013			2,661				—			$	24.77				5.1			$	6,919
Options exercisable at December 31,
2013			2,052				—			$	27.53				4.1			$	6,491
2012			2,035				—			$	29.12				4.5			$	6,538
2011			2,230				10			$	28.00				5.2			$	5,177

Summary of Characteristics of Options Outstanding

The following table summarizes the characteristics of the options outstanding at December 31, 2013 (in thousands):

		Options Outstanding												Options Exercisable
Range of Exercise Prices		Outstanding as of 12/31/13				Weighted- Average Remaining Contractual Life (years)				Weighted- Average Exercise Price				Exercisable as of 12/31/13				Weighted- Average Exercise Price
$0.00-$6.50			531				4.9			$	6.01				531			$	6.01
$6.51-$12.50			249				6.3				10.45				239				10.41
$12.51-$29.50			827				8.3				15.11				228				13.89
$29.51-$49.50			714				2.3				38.18				714				38.18
$49.51-$69.50			340				2.8				59.90				340				59.90
			2,661				5.1			$	24.77				2,052			$	27.53

Activities for Unvested Stock Option Awards

The following table reflects the activity for unvested stock option awards for the year ended December 31, 2013 (options in thousands):

		Options				Weighted- Average Grant Date Fair Value
Unvested at December 31, 2012			561			$	5.21
Granted			345				5.31
Vested			(269	)			5.25
Forfeited			(28	)			5.40
Unvested at December 31, 2013			609			$	5.26

Summary of Employee Stock Option Exercises

The Company settles employee stock option exercises primarily with newly issued common shares or with treasury shares, if available (in millions).

		For the Year Ended December 31,
		2013				2012				2011
Cash received for exercise price		$	0.8			$	1.7			$	2.0
Intrinsic value			0.7				2.2				1.4

VSEP grants [Member]

Activities for Unvested Restricted Stock Awards

The following table reflects the activity for unvested restricted stock awards, including those awarded through the 2009 VSEP, for the year ended December 31, 2013 (awards in thousands):

		Awards				Weighted- Average Grant Date Fair Value
Unvested at December 31, 2012			2,416			$	13.87
Granted			237				16.92
Vested			(906	)			13.73
Forfeited			(28	)			7.97
Unvested at December 31, 2013			1,719			$	14.35

Summary of Fair Value of Value Sharing Equity Program Grants

The fair value of the 2013 VSEP awards was estimated on the date of grant using a Monte Carlo approach model based on the following assumptions:

		Range
Risk-free interest rate		0.36%
Weighted-average dividend yield		4.0%
Expected life		3 years
Expected volatility		18 - 24%

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- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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