Eme r s on 2013 Ann u al R e por t 51 The total fair value of shares vested under incentive shares plans was 19 15 and 276 respectively in 2013 2012 and 2011 of which 8 6 and 113 respectively was paid in cash primarily for tax withholding As of September 30 2013 50 million shares remained available for award under incentive shares plans Total compensation expense for stock options and incentive shares was 221 100 and 121 for 2013 2012 and 2011 respectively The increase from 2012 to 2013 refects overlap of two performance shares programs during the year 2010 awards for performance through 2013 and 2013 awards for performance through 2016 and a higher stock price in the current year The decrease from 2011 to 2012 refects a stock option award in 2011 and no performance shares program overlap in 2012 Income tax benefts recognized in the income statement for these compensation arrangements during 2013 2012 and 2011 were 68 28 and 32 respectively As of September 30 2013 there was 316 of total unrecognized compensation expense related to unvested shares awarded under these plans which is expected to be recognized over a weightedaverage period of 27 years In addition to the employee stock option and incentive shares plans in 2013 the Company awarded 18864 shares of restricted stock and 4398 restricted stock units under the restricted stock plan for nonmanagement directors As of September 30 2013 269750 shares remained available for issuance under this plan 15 c ommon s tock At September 30 2013 46 million shares of common stock were reserved for issuance under the Companys stockbased compensation plans During 2013 203 million common shares were repurchased and 29 million treasury shares were reissued At September 30 2013 and 2012 the Company had 54 million shares of 250 par value preferred stock authorized with none issued 16 b usiness s egments i nformation The Company designs and supplies products and technology and delivers engineering services in a wide range of industrial commercial and consumer end markets around the world The business segments of the Company are organized primarily by the nature of the products and services they sell The Process m anagement segment provides systems and software measurement and analytical instrumentation valves actuators and regulators and services and solutions including digital plant architecture that allows communication of devices with centralized systems to provide precision measurement control monitoring and asset optimization for plants that produce power or process fuids or items such as petroleum chemicals food and beverages pulp and paper pharmaceuticals and municipal water supplies The i ndustrial a utomation segment provides low medium and high voltage alternators and other power generation equipment commercial and industrial motors and drives power transmission and materials handling equipment materials joining and precision cleaning products fuid power and control mechanisms and electrical distribution equipment which are used in a wide variety of manufacturing operations to provide integrated manufacturing solutions to customers The n etwork Power segment designs manufactures installs and maintains power systems for telecommunications networks data centers and other critical applications including power conditioning and uninterruptible AC and DC power supplies precision cooling systems electrical switching equipment integrated data center infrastructure monitoring management systems and embedded power supplies and computing systems The c limate t echnologies segment supplies compressors temperature sensors and controls thermostats fow controls and remote monitoring technology and services to all elements of the climate control industry including residential heating and cooling commercial air conditioning commercial and industrial refrigeration and marine controls The c ommercial r esidential s olutions segment provides tools for professionals and homeowners home and commercial storage systems and appliance solutions The principal distribution method for each segment is direct sales forces although the Company also uses independent sales representatives and distributors Due to its global presence certain of the Companys international operations are subject to risks such as signifcant currency exchange rate fuctuations and restrictions on the movement of funds and potential nationalization of operations The primary income measure used for assessing segment performance and making operating decisions is earnings before interest and income taxes Intersegment selling prices approximate market prices Accounting method differences between segment reporting and the consolidated fnancial statements are primarily management fees allocated to segments based on a percentage of sales and the accounting for pension and other retirement plans Corporate and other includes goodwill impairment charges when applicable Corporate assets are primarily comprised of cash and equivalents investments and certain fxed assets Summarized below is information about the Companys operations by business segment and by geography also see Notes 3 through 6