XML 146 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Share-based Arrangements with Employees and Nonemployees [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
The following table summarizes the expenses recognized:
In millions
 
2014
 
2013
 
2012
Stock options
 
$
16.4

 
$
23.0

 
$
5.7

RSUs
 
24.6

 
29.9

 
22.0

PSUs
 
24.2

 
20.2

 
22.5

Deferred compensation
 
1.9

 
1.9

 
0.1

Other
 
0.6

 
2.9

 
2.3

Pre-tax expense
 
67.7

 
77.9

 
52.6

Tax benefit
 
25.9

 
29.8

 
20.1

After-tax expense
 
$
41.8

 
$
48.1

 
$
32.5

Amounts recorded in continuing operations
 
$
41.8

 
$
43.4

 
$
28.6

Amounts recorded in discontinued operations
 

 
4.7

 
3.9

Total
 
$
41.8

 
$
48.1

 
$
32.5

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following assumptions were used:
 
 
2014
 
2013
Dividend yield
 
1.67
%
 
1.60
%
Volatility
 
31.43
%
 
42.15
%
Risk-free rate of return
 
1.46
%
 
0.85
%
Expected life
 
4.9

 
5.1

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Changes in options outstanding under the plans for the years 2014, 2013 and 2012 are as follows:
 
 
Shares
subject
to option
 
Weighted-
average
exercise price
 
Aggregate
intrinsic
value (millions)
 
Weighted-
average
remaining life
December 31, 2011
 
18,615,276

 
$
33.97

 
 
 
 
Granted
 
1,463,352

 
40.67

 
 
 
 
Exercised
 
(5,578,783
)
 
28.87

 
 
 
 
Cancelled
 
(408,883
)
 
41.30

 
 
 
 
December 31, 2012
 
14,090,962

 
36.47

 
 
 
 
Granted
 
1,341,602

 
52.71

 
 
 
 
Exercised
 
(6,994,024
)
 
35.33

 
 
 
 
Cancelled
 
(110,496
)
 
44.57

 
 
 
 
Impact of Spin-off
 
371,984

 
****

 
 
 
 
December 31, 2013
 
8,700,028

 
31.87

 
 
 
 
Granted
 
1,160,057

 
59.82

 
 
 
 
Exercised
 
(2,253,094
)
 
31.04

 
 
 
 
Cancelled
 
(104,378
)
 
47.85

 
 
 
 
Outstanding December 31, 2014
 
7,502,613

 
$
36.21

 
$
203.9

 
5.5
Exercisable December 31, 2014
 
5,127,891

 
$
30.47

 
$
168.8

 
4.3
Schedule of Share-based Compensation, Activity [Table Text Block]
The following table summarizes information concerning currently outstanding and exercisable options as adjusted for the spin-off as discussed above:
  
 
 
 
 
 
Options outstanding
 
Options exercisable
Range of
exercise price
 
Number
outstanding at
December 31,
2014
 
Weighted-
average
remaining
life
 
Weighted-
average
exercise
price
 
Number
outstanding at
December 31,
2014
 
Weighted-
average
remaining
life
 
Weighted-
average
exercise
price
10.01

 
 
20.00

 
610,934

 
2.7
 
15.03

 
610,934

 
2.7
 
15.03

20.01

 
 
30.00

 
1,303,401

 
4.4
 
25.60

 
1,302,062

 
4.4
 
25.60

30.01

 
 
40.00

 
3,164,061

 
4.6
 
33.98

 
2,746,192

 
4.2
 
34.22

40.01

 
 
50.00

 
1,306,079

 
7.4
 
41.95

 
460,016

 
6.3
 
41.88

50.01

 
 
60.00

 
1,118,138

 
9.1
 
59.79

 
8,687

 
3.5
 
59.83

$
15.03

 
 
$
59.83

 
7,502,613

 
5.5
 
$
36.21

 
5,127,891

 
4.3
 
$
30.47

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
For restricted stock awarded prior to the spin-off, grant price information in the table below reflects historical market prices. The following table summarizes RSU activity for the years 2014, 2013 and 2012:
 
 
RSUs
 
Weighted-
average grant
date fair value
Outstanding and unvested at December 31, 2011
 
1,307,173

 
$
35.00

Granted
 
643,822

 
40.74

Vested
 
(575,214
)
 
30.05

Cancelled
 
(91,089
)
 
38.92

Outstanding and unvested at December 31, 2012
 
1,284,692

 
$
39.81

Granted
 
685,441

 
53.78

Vested
 
(669,079
)
 
38.44

Cancelled
 
(63,954
)
 
43.98

Impact of Spin-off
 
103,882

 
****

Outstanding and unvested at December 31, 2013
 
1,340,982

 
$
38.49

Granted
 
378,873

 
59.79

Vested
 
(630,185
)
 
35.73

Cancelled
 
(41,921
)
 
45.14

Outstanding and unvested at December 31, 2014
 
1,047,749

 
$
47.60

Schedule of Share-based Compensation, Performance Shares [Table Text Block]
The following table summarizes PSU activity for the maximum number of shares that may be issued for the years 2014, 2013 and 2012:
 
 
PSUs
 
Weighted-average grant date fair value
Outstanding and unvested at December 31, 2011
 
2,632,996

 
$
27.76

Granted
 
649,668

 
50.75

Vested
 

 

Forfeited
 
(1,423,028
)
 
18.68

Outstanding and unvested at December 31, 2012
 
1,859,636

 
$
40.30

Granted
 
580,910

 
61.24

Vested
 
(718,040
)
 
34.94

Forfeited
 
(150,636
)
 
51.43

Impact of spin-off
 
380,780

 
****

Outstanding and unvested at December 31, 2013
 
1,952,650

 
$
39.20

Granted
 
473,988

 
66.22

Vested
 
(604,649
)
 
27.84

Forfeited
 
(36,991
)
 
44.33

Outstanding and unvested at December 31, 2014
 
1,784,998

 
$
50.12