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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2017
Stock-Based Compensation Cost and Associated Tax Benefit
Three Months EndedNine months ended
September 30,September 30,
2017201620172016
Stock-based compensation cost$31.8$23.9$88.9$72.8
Tax benefit$10.3$7.8$28.8$23.7
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 years
Grant date fair value$30.00
Stock Option Exercises and Restricted Stock Vesting
Nine months ended
September 30,
Exercise of stock options:20172016
Proceeds from stock option exercises$44.0$67.7
Aggregate intrinsic value$75.7$67.8
Tax benefit realized upon exercise$26.9$23.1
Number of shares exercised1.01.4
Nine months ended
September 30,
Vesting of restricted stock:20172016
Fair value of shares vested$109.1$92.8
Tax benefit realized upon vesting$34.6$29.5
Number of shares vested1.01.0
Nine months ended
September 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