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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation  
Summary of the company's stock option activity
A summary of the company’s stock option activity is as follows (in millions, except weighted average exercise price per share):
 
 
Shares
 
Weighted
Average
Exercise Price
 
Aggregate
Intrinsic
Value
Options outstanding as of January 1, 2012
 
7.5

 
$
14.44

 
 

Granted
 
0.7

 
16.27

 
 

Exercised
 
(0.7
)
 
6.53

 
 

Cancelled
 
(0.1
)
 
20.53

 
 

Options outstanding as of December 31, 2012
 
7.4

 
$
15.27

 
 

Granted
 
0.4

 
18.14

 
 

Exercised
 
(0.6
)
 
8.35

 
 

Cancelled
 
(0.2
)
 
16.66

 
 

Options outstanding as of December 31, 2013
 
7.0

 
$
16.00

 
$
62.5

Options exercisable as of:
 
 

 
 

 
 

December 31, 2013
 
4.8

 
$
16.95

 
$
41.8

Schedule of the options outstanding and exercisable by range of exercise prices
The following table shows the options outstanding and exercisable by range of exercise prices at December 31, 2013 (in millions, except range of exercise price per share, weighted average remaining contractual life and weighted average exercise price):
 
 
Outstanding
 
Weighted
Average
Remaining
Contractual
 
Weighted
Average
 
Exercisable
 
Weighted
Average
Range of Exercise Price per Share
 
Options
 
Life (Years)
 
Exercise Price
 
Options
 
Exercise Price
$4.41 - $7.49
 
1.5

 
4.8
 
$
4.41

 
1.1

 
$
4.41

$7.50 - $9.59
 
0.1

 
0.1
 
7.52

 
0.1

 
7.52

$9.60 - $10.20
 
0.4

 
1.3
 
10.14

 
0.4

 
10.14

10.21 - $16.28
 
2.0

 
5.9
 
12.79

 
1.0

 
12.06

$16.29 - $26.09
 
1.6

 
6.3
 
19.18

 
0.8

 
19.38

$26.10 - $28.14
 
0.5

 
2.3
 
26.11

 
0.5

 
26.11

$28.15 - $36.03
 
0.5

 
2.9
 
29.50

 
0.5

 
29.50

$36.04 - $47.84
 
0.4

 
3.9
 
38.91

 
0.4

 
38.91

 
 
7.0

 
4.9
 
$
16.00

 
4.8

 
$
16.95

Schedule of the assumptions used to estimate the fair value of each option grant
The fair value of each option grant was estimated at the date of grant using the Black-Scholes option-pricing method with the following assumptions:
 
 
2013
 
2012
 
2011
Expected Life (years)
 
6.0

 
6.0

 
6.0

Risk-free Interest rate
 
1.1
%
 
1.1
%
 
2.8
%
Expected volatility
 
56.0
%
 
55.0
%
 
52.0
%
Expected dividend yield
 
0.6
%
 
0.6
%
 
0.7
%
Restricted Stock
 
Stock-Based Compensation  
Schedule of nonvested share activity
A summary of activity for restricted share awards for the year ended December 31, 2013 is as follows (in millions except weighted average grant date fair value):
 
 
Shares
 
Weighted
Average
Grant Date Fair Value
Unvested as of January 1, 2013
 
0.9

 
$
14.86

Granted
 
0.1

 
18.14

Vested
 
(0.5
)
 
11.48

Cancelled
 

 

Unvested as of December 31, 2013
 
0.5

 
$
18.25

Performance shares
 
Stock-Based Compensation  
Schedule of nonvested share activity
A summary of activity for performance share activity for the year ended December 31, 2013 is as follows (in millions except weighted average grant date fair value):
 
 
Shares
 
Weighted
Average
Grant Date Fair Value
Unvested as of January 1, 2013
 
0.7

 
$
18.41

Granted
 
0.5

 
20.47

Vested*
 
(0.4
)
 
19.00

Cancelled
 
(0.1
)
 
19.44

Unvested as of December 31, 2013
 
0.7

 
$
19.28