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Incentive Based Compensation
 3 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Incentive Based Compensation Incentive Based Compensation
 Stock options, restricted stock awards and restricted stock units
The following table presents a summary of activity for the first three months of 2019: 
 
Stock Options
 
Restricted Stock Awards & Units
 
Number of
Shares
 
Weighted
Average
Exercise Price
 
Awards
 
Weighted
Average Grant
Date Fair Value
Outstanding at December 31, 2018
6,180,007

 
$
24.39

 
8,504,946

 
$
14.04

Granted
648,526

(a) 
$
16.79

 
3,824,208

 
$
16.98

Exercised/Vested
(10,470
)
 
$
14.92

 
(3,519,699
)
 
$
12.37

Canceled
(151,412
)
 
$
27.15

 
(157,302
)
 
$
14.58

Outstanding at March 31, 2019
6,666,651

 
$
23.60

 
8,652,153

 
$
16.01

(a)    The weighted average grant date fair value of stock option awards granted was $6.62 per share.
Stock-based performance unit awards
During the first three months of 2019, we granted 656,636 stock-based performance units to certain officers to be settled in shares. The grant date fair value per unit was $20.66, as calculated using a Monte Carlo valuation model. At the grant date, each unit represents the value of one share of our common stock. These units are settled in shares, and the number of shares of our common stock to be paid is based on the vesting percentage, which can be from zero to 200% based on performance achieved and as determined by the Compensation Committee of the Board of Directors. The performance goals are tied to our total shareholder return (“TSR”) as compared to TSR for a group of peer companies determined by the Compensation Committee of our Board of Directors. Dividend equivalents may accrue during the performance period and would be paid in cash at the end of the performance period based on the amount of dividends credited generally over the performance period on shares of our common stock that represent the number of the units granted multiplied by the vesting percentage.