STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2012

Restricted Stock Units Outstanding, Including Reinvested Dividends

As of December 31, 2012, we had the following Restricted Units outstanding, including reinvested dividends:



	Shares (in thousands)		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)
Nonvested at January 1, 2012	15,839		$	62.98
Vested	(8,914	)	63.99
Granted	7,423		77.21
Reinvested Dividends	568		N/A
Forfeited / Expired	(272	)	67.51
Nonvested at December 31, 2012	14,644		$	68.71	1.57	$	1,080
Restricted Units Expected to Vest	14,172		$	68.61	1.55	$	1,045

Options to Purchase Shares of Class A Common Stock Issued and Outstanding

The following is an analysis of options to purchase shares of class A common stock issued and outstanding:



	Shares (in thousands)		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)
Outstanding at January 1, 2012	13,199		$	70.18
Exercised	(2,778	)	63.50
Granted	187		76.94
Forfeited / Expired	(13	)	82.74
Outstanding at December 31, 2012	10,595		$	72.04	3.03	$	34
Options Vested and Expected to Vest	10,595		$	72.04	3.03	$	34
Exercisable at December 31, 2012	10,115		$	72.09	2.79	$	32

Fair Value of Employee Stock Options Granted as Determined by Black-Scholes Valuation Model Assumptions

The fair value of each option grant is estimated using the Black-Scholes option pricing model. The weighted average assumptions used, by year, and the calculated weighted average fair values of options, are as follows:



	2012			2011			2010
Expected dividend yield	2.77		%	2.77		%	2.70		%
Risk-free interest rate	1.63		%	2.90		%	3.30		%
Expected life in years	7.5			7.5			7.5
Expected volatility	25.06		%	24.26		%	23.59		%
Weighted average fair value of options granted	$	14.88		$	15.92		$	14.83

Summarized Information about Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at December 31, 2012:



	Options Outstanding				Options Exercisable
Exercise Price Range	Shares (in thousands)	Average Life (in years)	Average Exercise Price		Shares (in thousands)	Average Exercise Price
$50.01 - $60.00	211	6.35	$	55.83	133	$	55.83
$60.01 - $70.00	1,337	1.20	62.98		1,257	62.72
$70.01 - $80.00	6,858	3.19	71.47		6,536	71.27
$80.01 - $90.00	2,189	3.33	80.92		2,189	80.92
	10,595	3.03	$	72.04	10,115	$	72.09

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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