ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

v2.4.0.8
STOCK-BASED COMPENSATION PLANS (Tables)
 3 Months Ended
Mar. 31, 2014
STOCK-BASED COMPENSATION PLANS Ìý
Compensation cost from continuing operations under the Stock Incentive Plan

The compensation cost from continuing operations under the Stock Incentive Plan for our Company and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International were as follows (dollars in millions):

Ìý
 Ìý Three
months
ended
MarchÌý31,		 Ìý
Ìý
 Ìý 2014 Ìý 2013 Ìý

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation compensation cost

 Ìý $ 8 Ìý $ 8 Ìý

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International compensation cost

 Ìý Ìý 7 Ìý Ìý 7 Ìý
Assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model
Ìý
 Ìý Three months
ended MarchÌý31,		 Ìý
Ìý
 Ìý 2014 Ìý 2013 Ìý

Dividend yield

 Ìý Ìý 2.4 % Ìý 2.8 %

Expected volatility

 Ìý Ìý 60.3 % Ìý 62.6 %

Risk-free interest rate

 Ìý Ìý 1.7 % Ìý 1.0 %

Expected life of stock options granted during the period

 Ìý Ìý 5.7Ìýyears Ìý Ìý 5.6Ìýyears Ìý
Summary of stock option activity under the Stock Incentive Plan
Option Awards
Ìý Shares Ìý Weighted
Average
Exercise
Price		 Ìý Weighted
Average
Remaining
Contractual
Term		 Ìý Aggregate
Intrinsic
Value		 Ìý
Ìý
 Ìý (in thousands)
 Ìý Ìý
 Ìý (years)
 Ìý (in millions)
 Ìý

Outstanding at JanuaryÌý1, 2014

 Ìý Ìý 10,019 Ìý $ 15.39 Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Granted

 Ìý Ìý 1,116 Ìý Ìý 21.22 Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Exercised

 Ìý Ìý (224 ) Ìý 18.62 Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Forfeited

 Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
� � � � � � � � � � � � � �

Outstanding at MarchÌý31, 2014

 Ìý Ìý 10,911 Ìý Ìý 15.92 Ìý Ìý 5.3 Ìý $ 92 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
� � � � � � � � � � � � � �
� � � � � � � � � � � � � �
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Exercisable at MarchÌý31, 2014

 Ìý Ìý 8,506 Ìý Ìý 15.16 Ìý Ìý 4.1 Ìý Ìý 79 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
� � � � � � � � � � � � � �
� � � � � � � � � � � � � �
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Summary of status of nonvested shares under the Stock Incentive Plan
Ìý
 Ìý Equity Awards Ìý Liability Awards Ìý
Ìý
 Ìý Shares Ìý Weighted
Average
Grant-Date
Fair Value		 Ìý Shares Ìý Weighted
Average
Grant-Date
Fair Value		 Ìý
Ìý
 Ìý (in thousands)
 Ìý Ìý
 Ìý (in thousands)
 Ìý Ìý
 Ìý

Nonvested at JanuaryÌý1, 2014

 Ìý Ìý 1,830 Ìý $ 15.31 Ìý Ìý 574 Ìý $ 16.03 Ìý

Granted

 Ìý Ìý 730 Ìý Ìý 21.22 Ìý Ìý 237 Ìý Ìý 21.22 Ìý

Vested

 Ìý Ìý (715) (1) Ìý 16.07 Ìý Ìý (283 ) Ìý 15.97 Ìý

Forfeited

 Ìý Ìý (5 ) Ìý 15.99 Ìý Ìý (4 ) Ìý 15.93 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
� � � � � � � � � � � � � �

Nonvested at MarchÌý31, 2014

 Ìý Ìý 1,840 Ìý Ìý 17.36 Ìý Ìý 524 Ìý Ìý 18.41 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
� � � � � � � � � � � � � �
� � � � � � � � � � � � � �
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
(1)
As of MarchÌý31, 2014, a total of 388,299 restricted stock units were vested, of which 44,534 vested during the three months ended MarchÌý31, 2014. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment.