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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
Share-Based Compensation Plans [Abstract]  
Stock Option Activity
Stock option activity for the three years ended December 31, 2016 was:
 
2016
 
2015
 
2014
 
Shares
 
Weighted
Average
Exercise
Price
 
Shares
 
Weighted
Average
Exercise
Price
 
Shares
 
Weighted
Average
Exercise
Price
January 1
1,140,547

 
$28.86
 
1,652,140

 
$27.97
 
2,643,680

 
$26.39
Granted

 

 

 

 
60,000

 
$66.16
Exercised
(420,790
)
 
$30.56
 
(511,593
)
 
$25.98
 
(1,046,540
)
 
$26.19
Forfeited

 

 

 

 
(5,000
)
 
$23.40
December 31
719,757

 
$27.88
 
1,140,547

 
$28.86
 
1,652,140

 
$27.97
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable December 31
695,757

 
$26.54
 
1,074,547

 
$26.47
 
1,526,140

 
$24.95
Options Outstanding and Exercisable
Options outstanding and exercisable at December 31, 2016 were:
 
 
 
 
Options Outstanding
 
Options Exercisable
Exercise Price Range
 
Shares
 
Weighted Average
Remaining
Contractual Life
 
Weighted Average
Exercise Price
 
Shares
 
Weighted Average
Exercise Price
$23.00
to
$24.00
 
647,757

 
2.2 years
 
$23.40
 
647,757

 
$23.40
$66.00
to
$71.00
 
72,000

 
7.4 years
 
$68.04
 
48,000

 
$68.99
 
 
 
 
719,757

 
 
 
 
 
695,757

 
 
Restricted Stock Activity
Restricted stock activity for the three years ended December 31, 2016 was:
 
2016
 
2015
 
2014
January 1
4,349,105

 
5,040,641

 
6,090,697

Granted
1,100,396

 
1,208,964

 
915,922

Vested
(1,438,386
)
 
(1,631,343
)
 
(1,619,444
)
Forfeited
(209,010
)
 
(269,157
)
 
(346,534
)
December 31
3,802,105

 
4,349,105

 
5,040,641

 
 
 
 
 
 
Weighted average grant date fair value of shares granted in the period
$73.16
 
$64.49
 
$64.92
 
 
 
 
 
 
Weighted average grant date fair value at December 31
$61.72
 
$55.08
 
$50.98
Performance Restricted Stock Units Activity
PRSU activity for the three years ended December 31, 2016 was:
 
2016
 
2015
 
2014
 
Shares
 
Weighted Average Grant Date Fair Value
 
Shares
 
Weighted Average Grant Date Fair Value
 
Shares
 
Weighted Average Grant Date Fair Value
January 1
534,456

 
$
66.05

 
622,859

 
$
56.16

 
681,555

 
$
51.19

Granted
153,492

 
83.23

 
161,625

 
77.68

 
188,621

 
69.89

Distributed
(225,567
)
 
55.20

 
(239,387
)
 
48.94

 
(165,562
)
 
48.56

Forfeited

 

 
(10,641
)
 
48.87

 
(81,755
)
 
61.76

December 31
462,381

 
$
77.05

 
534,456

 
$
66.05

 
622,859

 
$
56.16