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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2016
Stock-Based Compensation Cost and Associated Tax Benefit
Three Months Ended
March 31,
20162015
Stock-based compensation cost$25.4$22.7
Tax benefit$8.4$7.9
Weighted Average Assumptions used in Determining Fair Value for Options Granted
Expected dividend yield1.83%
Expected stock volatility32.3%
Risk-free interest rate1.60%
Expected holding period6.8 years
Grant date fair value$22.93
Stock Option Exercises and Restricted Stock Vesting
Three Months Ended
March 31,
Exercise of stock options:20162015
Proceeds from stock option exercises$22.8$33.5
Aggregate intrinsic value$11.0$32.1
Tax benefit realized upon exercise$3.9$11.9
Number of shares exercised0.40.7
Three Months Ended
March 31,
Vesting of restricted stock:20162015
Fair value of shares vested$89.3$108.9
Tax benefit realized upon vesting$29.5$35.9
Number of shares vested1.01.1
Three Months Ended
March 31,
Vesting of performance-based restricted stock:20162015
Fair value of shares vested$23.6$43.1
Tax benefit realized upon vesting$8.4$16.1
Number of shares vested0.20.5