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Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Award Activity
Award activity — (shares in millions)
 
 
Options
 
SARs
 
RSUs
 
PSUs
 
 
 
 
Weighted-
Average
 
 
 
Weighted-
Average
 
 
 
Weighted-
Average
Grant-Date
 
 
 
Weighted-
Average
Grant-Date
Outstanding at
 
Shares
 
Exercise Price
 
Shares
 
Exercise Price
 
Shares
 
Fair
Value
 
Shares
 
Fair
Value
December 31, 2013
 
2.6

 
$
13.85

 
0.5

 
$
15.46

 
1.3

 
$
16.29

 

 
$

Granted
 


 


 


 


 
0.7

 
21.20

 
0.3

 
24.36

Exercised or vested
 
(0.6
)
 
11.48

 
(0.1
)
 
16.49

 
(0.4
)
 
16.99

 
 
 
 
Forfeited or expired
 
(0.1
)
 
15.89

 


 


 
(0.1
)
 
14.91

 
 
 
 
December 31, 2014
 
1.9

 
$
14.46

 
0.4

 
$
15.18

 
1.5

 
$
18.18

 
0.3

 
$
24.36


 
2014
 
2013
 
2012
Weighted-average per share grant-date fair value
 

 
 

 
 

Stock options
N/A

 
$
7.46

 
$
7.88

SARs
N/A

 
7.45

 
7.84

Intrinsic value of awards exercised or vested
 
 
 

 
 

Stock options / SARs
$
7

 
$
14

 
$
18

RSUs / PSUs
8

 
5

 
11

Key Assumptions as Part of Black-Scholes Option Pricing Model
We estimated fair values for options and SARs at the date of grant using the following key assumptions as part of the Black-Scholes option pricing model. The expected term was estimated using the simplified method because the limited period of time our common stock had been publicly traded provided insufficient historical exercise data. The risk-free rate was based on U.S. Treasury security yields at the time of grant. The dividend yield was calculated by dividing the expected annual dividend by the average stock price of our common stock over the prior year. The expected volatility was estimated using a combination of the historical volatility of similar entities and the implied volatility of our exchange-traded options.
 
Options
 
SARs
 
2013
 
2012
 
2013
 
2012
Expected term (in years)
6.00

 
6.00

 
6.00

 
6.00

Risk-free interest rate
1.07
%
 
1.24
%
 
1.07
%
 
1.24
%
Dividend yield
1.41
%
 
1.33
%
 
1.41
%
 
1.33
%
Expected volatility
55.80
%
 
59.90
%
 
55.80
%
 
59.90
%
Outstanding Awards Expected to Vest and Exercisable
Outstanding awards expected to vest and exercisable or convertible at December 31, 2014 — (shares in millions)
 
Equity Awards Outstanding
Expected to Vest
 
Equity Awards Outstanding
That are Exercisable or Convertible
 
 
 
 
 
Weighted-Average
 
 
 
 
 
Weighted-Average
 
Shares
 
Aggregate
Intrinsic
Value
 
Exercise
Price
 
Remaining
Contractual
Life in Years
 
Shares
 
Aggregate
Intrinsic
Value
 
Exercise
Price
 
Remaining
Contractual
Life in Years
Options / SARs
2.3

 
$
16

 
$
14.56

 
6.9
 
1.4

 
$
12

 
$
13.64

 
6.3
RSUs / PSUs
1.8

 
39

 

 
1.3
 
0.1

 
1

 

 
0.2