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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2016
Stock-Based Compensation Cost and Associated Tax Benefit
Three Months EndedNine Months Ended
September 30,September 30,
2016201520162015
Stock-based compensation cost$23.9$22.1$72.8$66.5
Tax benefit$7.8$7.2$23.7$21.8
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 yrs
Grant date fair value$22.98
Stock Option Exercises and Restricted Stock Vesting
Nine Months Ended
September 30,
Exercise of stock options:20162015
Proceeds from stock option exercises$67.7$68.0
Aggregate intrinsic value$67.8$64.7
Tax benefit realized upon exercise$23.1$23.0
Number of shares exercised1.41.3
Nine Months Ended
September 30,
Vesting of restricted stock:20162015
Fair value of shares vested$92.8$111.3
Tax benefit realized upon vesting$29.5$35.7
Number of shares vested1.01.1
Nine Months Ended
September 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