v2.4.0.6
Common Stock and Stock Plans (Tables)
 12 Months Ended
Dec. 31, 2011
Common Stock and Stock Plans (Tables) [Abstract]  
Reserved, Issued and Authorized Common Stock
    
  Number of shares
Dividend reinvestment and  
 common stock purchase plans 6,916,421
Director plans 921,682
Stock plans (1) 746,119,381
Convertible securities and warrants 105,014,977
 Total shares reserved 858,972,461
Shares issued 5,358,522,061
Shares not reserved 2,782,505,478
 Total shares authorized 9,000,000,000
    

  • Includes employee options, restricted shares and restricted share rights, 401(k), profit sharing and compensation deferral plans.
Components of Stock Incentive Compensation Expense and Related Recognized Tax Benefit
         
         
      Year ended December 31,
(in millions) 201120102009
RSRs$ 338 252 3
Performance shares  128 66 21
Stock options  63 118 221
 Total stock incentive compensation    
   expense$ 529 436 245
Related recognized tax benefit$ 200 165 92
         
         
Summary of RSRs and Restricted Share Awards
         
       Weighted-
       average
       grant date
     Number fair value
Nonvested at January 1, 2011 23,036,722 $ 26.98
Granted 18,836,636   31.02
Vested (1,426,158)   28.55
Canceled or forfeited (1,167,071)   28.52
Nonvested at December 31, 2011 39,280,129   28.81
         
Summary of Performance Awards
         
       Weighted-
       average
       grant date
     Number fair value
Nonvested at January 1, 2011 2,564,584 $ 27.32
Granted 3,853,274   31.26
Canceled or forfeited (12,893)   31.33
Nonvested at December 31, 2011 6,404,965   29.68
         
Stock Option Activity and Related Information
              
          Weighted-   
         Weighted-average  Aggregate
         averageremaining  intrinsic
         exercisecontractual  value
      Number  priceterm (in yrs.)  (in millions)
Incentive compensation plans        
Options outstanding as of December 31, 2010 306,770,791 $ 38.11    
 Granted  953,308   30.62    
 Canceled or forfeited (11,457,278)   73.47    
 Exercised (24,968,218)   21.28    
Options outstanding as of December 31, 2011 271,298,603   38.14 4.3 $ 890
As of December 31, 2011:        
 Options exercisable and expected to be exercisable 271,298,603   38.14 4.3   890
 Options exercisable 245,592,111   40.70 4.1   529
              
PartnerShares Plan        
Options outstanding as of December 31, 2010 8,474,545   25.21    
 Canceled or forfeited (137,253)   24.94    
 Exercised (859,820)   24.85    
Options outstanding as of December 31, 2011 7,477,472   25.25 0.2   17
As of December 31, 2011:        
 Options exercisable 7,477,472   25.25 0.2   17
              
Director awards        
Options outstanding as of December 31, 2010 797,864   29.10    
 Granted  21,940   28.68    
 Canceled or forfeited (32,412)   29.12    
 Exercised (65,960)   23.90    
Options outstanding as of December 31, 2011 721,432   29.56 3.6   1
As of December 31, 2011:        
 Options exercisable 721,432   29.56 3.6   1
              
              
Summary of weighted-average per share fair value of options granted and the assumptions used
        
    Year ended December 31,
    2011 20102009
Per share fair value of options granted$ 3.78  6.11 3.29
Expected volatility  32.7% 44.3 53.9
Expected dividends$ 0.32  0.20 0.33
Expected term (in years)  1.0  1.3 4.5
Risk-free interest rate  0.2% 0.6 1.8
        
        
Employee Stock Ownership Plan
       
    Shares outstanding
    December 31,
(in millions, except shares) 201120102009
Allocated shares (common)  131,046,406 118,901,327 110,157,999
Unreleased shares (preferred)  858,759 618,382 414,019
Unreleased shares (common)  - - 203,755
Fair value of unreleased ESOP Preferred shares$ 859 618 414
Fair value of unreleased ESOP Common shares  - - 5
       
       
    Dividends paid
    Year ended December 31,
    201120102009
Allocated shares (common)$ 60 23 45
Unreleased shares (preferred)  95 76 51