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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Total Share-based Incentive Compensation Expense

The table below shows our total share-based incentive compensation expense:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In millions)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Total share-based incentive compensation expense (1)

 

$

16.8

 

 

$

14.9

 

 

$

31.2

 

 

$

33.2

 

 

(1)

The amounts included above do not include the expense related to our U.S. profit sharing contributions made in the form of our common stock or the expense or income related to SARs and certain cash-based awards.  See Stock Appreciation Rights below for further details of SARs. At June 30, 2016 and June 30, 2015, our other cash-based awards were not material to our Condensed Consolidated Balance Sheet or Statement of Operations.

2016 Performance - Vesting Inducement Award [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Assumptions Used to Calculate the Grant Date Fair Value

The assumptions used to calculate the grant date fair value of the performance-vesting Inducement Award are shown in the following table:

 

 

 

2016 Performance-vesting Inducement Award

 

Fair value on grant date

 

$

12.55

 

Expected price volatility

 

 

24.6

%

Risk-free interest rate

 

 

0.92

%

 

PSU Awards [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Assumptions Used to Calculate the Grant Date Fair Value

 

The assumptions used to calculate the grant date fair value of the PSUs based on TSR are shown in the following table:

 

 

 

TSR portion of the 2016 PSU Award

 

Expected price volatility

 

 

26.5

%

Risk-free interest rate

 

 

0.98

%

 

Summary of Number of PSUs Granted and Grant Date Fair Value

The number of PSUs granted and the grant date fair value of the PSUs are shown in the following table:

 

 

 

TSR

 

 

Adjusted EBITDA

 

Number of units granted

 

 

124,755

 

 

 

165,391

 

Fair value on grant date

 

$

57.14

 

 

$

43.10