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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2016
Stock-Based Compensation Cost and Associated Tax Benefit
Three Months EndedSix Months Ended
June 30,June 30,
2016201520162015
Stock-based compensation cost$ 23.5 $ 21.7 $ 48.9 $ 44.4
Tax benefit$ 7.5 $ 6.7 $ 15.9 $ 14.6
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$22.95
Stock Option Exercises and Restricted Stock Vesting
Six Months Ended
June 30,
Exercise of stock options:20162015
Proceeds from stock option exercises$33.4$51.9
Aggregate intrinsic value$21.0$49.9
Tax benefit realized upon exercise$7.4$17.9
Number of shares exercised0.61.0
Six Months Ended
June 30,
Vesting of restricted stock:20162015
Fair value of shares vested$90.6$110.8
Tax benefit realized upon vesting$29.6$35.6
Number of shares vested1.01.1
Six Months Ended
June 30,
Vesting of performance-based restricted stock:20162015
Fair value of shares vested$23.6$43.1
Tax benefit realized upon vesting$8.4$15.6
Number of shares vested0.20.5