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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2017
Stock-Based Compensation Cost and Associated Tax Benefit
Three Months EndedSix Months Ended
June 30,June 30,
2017201620172016
Stock-based compensation cost$28.7$23.5$57.1$48.9
Tax benefit$9.4$7.5$18.5$15.9
Weighted Average Assumptions used in Determining Fair Value for Options Granted
Expected dividend yield1.34%
Expected stock volatility26.8%
Risk-free interest rate2.19%
Expected holding period6.5 yrs
Grant date fair value$29.88
Stock Option Exercises and Restricted Stock Vesting
Six Months Ended
June 30,
Exercise of stock options:20172016
Proceeds from stock option exercises$35.3$33.4
Aggregate intrinsic value$52.2$21.0
Tax benefit realized upon exercise$18.3$7.4
Number of shares exercised0.80.6
Six Months Ended
June 30,
Vesting of restricted stock:20172016
Fair value of shares vested$107.9$90.6
Tax benefit realized upon vesting$34.1$29.6
Number of shares vested1.01.0
Six Months Ended
June 30,
Vesting of performance-based restricted stock:20172016
Fair value of shares vested$19.5$23.6
Tax benefit realized upon vesting$6.9$8.4
Number of shares vested0.20.2