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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2015
Stock-Based Compensation Cost and Associated Tax Benefit
Three Months EndedNine Months Ended
September 30,September 30,
2015201420152014
Stock-based compensation cost$ 22.1 $ 19.3 $ 66.5 $ 59.9
Tax benefit$ 7.2 $ 6.2 $ 21.8 $ 19.0
Weighted Average Assumptions used in Determining Fair Value for Options Granted
Expected dividend yield 1.39%
Expected stock volatility 39.4%
Risk-free interest rate 1.88%
Expected holding period6.9 years
Grant date fair value $36.08
Stock Option Exercises and Restricted Stock Vesting
Nine Months Ended
September 30,
Exercise of stock options:20152014
Proceeds from stock option exercises$ 68.0 $131.5
Aggregate intrinsic value$ 64.7 $107.7
Tax benefit realized upon exercise$ 23.0 $38.7
Number of shares exercised 1.3 2.8
Nine Months Ended
September 30,
Vesting of restricted stock:20152014
Fair value of shares vested$ 111.3 $92.3
Tax benefit realized upon vesting$ 35.7 $31.6
Number of shares vested 1.1 1.2
Nine Months Ended
September 30,
Vesting of performance-based restricted stock:20152014
Fair value of shares vested$ 43.1 $38.0
Tax benefit realized upon vesting$ 15.6 $14.6
Number of shares vested 0.5 0.5