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Share-based Incentive Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The following table summarizes share-based compensation expense, which includes expenses related to awards granted under the Omnibus Plans and Director Plan for the periods indicated:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Restricted Stock Unit (RSU) awards
$
10

 
$
12

 
$
29

 
$
34

Performance Stock Unit (PSU) awards
9

 
8

 
27

 
22

Stock options
2

 
7

 
5

 
11

Total share-based compensation expense
21

 
27

 
61

 
67

Income tax benefit
9

 
9

 
15

 
22

After-tax share-based compensation expense
$
12

 
$
18

 
$
46

 
$
45


Schedule of Share-based Compensation, Activity
The following tables summarize the number of awards outstanding under the Omnibus Plans for the period indicated:
 
RSU Awards
 
PSU Awards
(awards in millions) 
Number of Awards
 
Weighted Average Grant Date Fair Value
 
Number of Awards
 
Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2018
3.0

 
$
38.42

 
2.2

 
$
35.53

Adjustment for PSU performance factor
N/A

 
N/A

 

*
42.70

Granted
1.0

 
50.55

 
0.8

 
53.21

Vested
(1.4
)
 
38.48

 
(0.4
)
 
40.84

Forfeited
(0.1
)
 
42.13

 
(0.1
)
 
41.19

Outstanding as of June 30, 2018
2.5

 
$
43.17

 
2.5

 
$
40.19


* Less than 0.1.
 
Stock Options
(awards in millions) 
Number of Awards
 
Weighted Average Exercise Price
Outstanding as of January 1, 2018
3.0

 
$
37.60

Granted

 

Exercised
(0.1
)
 
37.60

Forfeited

*

Outstanding as of June 30, 2018
2.9

 
$
37.60

Vested, not exercisable, as of June 30, 2018

 
$

Vested, exercisable, as of June 30, 2018
2.9

 
37.60

Schedule of Share-based Compensation, Stock Options, Activity
 
Stock Options
(awards in millions) 
Number of Awards
 
Weighted Average Exercise Price
Outstanding as of January 1, 2018
3.0

 
$
37.60

Granted

 

Exercised
(0.1
)
 
37.60

Forfeited

*

Outstanding as of June 30, 2018
2.9

 
$
37.60

Vested, not exercisable, as of June 30, 2018

 
$

Vested, exercisable, as of June 30, 2018
2.9

 
37.60

* Less than 0.1.