Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Share-Based Compensation

Summary of assumptions to estimate the fair value of stock option awards

	For the three months ended June 30,			For the six months ended June 30,
	2014		2013	2014		2013
Weighted-average volatility	27.15	%	—	27.35	%	28.12	%
Dividend yield	1.78	%	—	1.79	%	2.15	%
Expected term (in years)	5.46		—	6.06		6.15
Risk-free interest rate	1.92	%	—	1.99	%	1.24	%

Summary of options activity and related information under the Plan

			Weighted				Weighted
			Average		Aggregate		Average
	Number of		Exercise		Intrinsic		Remaining
	Shares		Price		Value		Contractual
Options	(in thousands)		(per share)		(in thousands) (1)		Term
Outstanding at January 1, 2014	4,075		$	55.50
Granted	452		73.64
Exercised	(289	)	56.61
Forfeited or expired	(30	)	58.36
Outstanding at June 30, 2014	4,208		$	57.35	$	77,718	5.74
Exercisable at June 30, 2014	2,870		$	56.05	$	56,782	4.43

(1) Includes in-the-money options only.

Summary of changes in unvested options and related information under the Plan

			Weighted Average
	Number of		Grant Date
	Shares		Fair Value
Unvested Options	(in thousands)		(per share)
Unvested at January 1, 2014	1,425		$	13.64
Granted	452		17.93
Vested	(519	)	14.57
Forfeited	(19	)	12.78
Unvested at June 30, 2014	1,339		$	14.75

Share-based compensation

Summary of changes in restricted stock and related information under the Plan

			Weighted Average
	Number of		Grant Date
	Shares		Fair Value
Restricted Stock (1)	(in thousands)		(per share)
Unvested at January 1, 2014	608		$	53.03
Granted	119		73.63
Vested	(169	)	44.00
Forfeited	(6	)	54.12
Unvested at June 30, 2014	552		$	60.22

(1) Includes restricted stock units.

Cash-settled restricted stock units

Share-based compensation

Summary of changes in restricted stock and related information under the Plan

	Number of
	Shares
Cash-Settled Restricted Stock Units	(in thousands)
Unvested at January 1, 2014	190
Granted	15
Vested	(23	)
Forfeited	(3	)
Unvested at June 30, 2014	179