XML 28 R60.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Share-Based Compensation Plans (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Maximum of shares available for issuance 33,000,000    
Stock awards other than options, conversion ratio 3.5    
Shares available for grant 24,648,995    
Stock awards other than options, shares available for grant 7,042,570    
Share-based employee compensation expense $ 72.5 $ 70.5 $ 80.2
Unamortized share-based employee compensation, amortization period 5 years    
Unamortized share-based employee compensation $ 159.2    
Excess tax benefit from share-based compensation $ 2.8 $ 7.4  
Option Activity [Roll Forward]      
January 1 988,050 1,593,422 719,757
Granted 0 0 1,000,000
Exercised (57,300) (500,122) (102,335)
Forfeited (64,750) (105,250) (24,000)
December 31 866,000 988,050 1,593,422
Exercisable December 31 60,000 117,300 617,422
January 1, Weighted Average Exercise Price $ 80.37 $ 63.11 $ 27.88
Granted, Weighted Average Exercise Price 0 84.94
Exercised, Weighted Average Exercise Price 23.40 24.43 23.40
Forfeited, Weighted Average Exercise Price 84.94 84.94 84.94
December 31, Weighted Average Exercise Price 83.80 80.37 63.11
Exercisable December 31, Weighted Average Exercise Price $ 68.42 46.43 $ 28.61
Options Outstanding and Exercisable [Abstract]      
Options Outstanding, Shares 866,000    
Options Exercisable, Shares 60,000    
Black-Scholes Assumptions and Weighted Average Fair Value Per Share for Options Granted [Abstract]      
Weighted average fair value per option granted   $ 9.87  
Expected life   4 years 6 months  
Risk free interest rate   2.00%  
Expected volatility   16.30%  
Dividend yield   2.60%  
Exercise Price Range - $66.00 to $71.00      
Options Outstanding and Exercisable [Abstract]      
Range of Exercise Prices, lower range limit $ 66.00    
Range of Exercise Prices, upper range limit $ 71.00    
Options Outstanding, Shares 60,000    
Options Outstanding, Weighted Average Remaining Contractual Life 4 years 4 months 24 days    
Options Outstanding, Weighted Average Exercise Price $ 68.42    
Options Exercisable, Shares 60,000    
Options Exercisable, Weighted Average Exercise Price $ 68.42    
Exercise Price Range - $84.00 to $85.00      
Options Outstanding and Exercisable [Abstract]      
Range of Exercise Prices, lower range limit 84.00    
Range of Exercise Prices, upper range limit $ 85.00    
Options Outstanding, Shares 806,000    
Options Outstanding, Weighted Average Remaining Contractual Life 3 years 2 months 12 days    
Options Outstanding, Weighted Average Exercise Price $ 84.94    
Options Exercisable, Shares 0    
Options Exercisable, Weighted Average Exercise Price $ 84.94    
Stock Options [Member]      
Share-based employee compensation, terms of award The exercise price of stock option awards cannot be less than 100% of the market price of our common stock on the grant date.    
Share-based employee compensation, vesting rights The 2017 option awards vest 100% three years from grant date and have a maximum contractual life of six years. All prior option awards have a maximum contractual life of 10 years.    
Restricted Stock [Member]      
Share-based employee compensation, vesting rights Generally, restricted shares vest ratably over five years from the grant date provided the employee remains employed by us.    
Restricted Stock and PRSU Activity [Roll Forward]      
January 1 2,553,902 2,859,373 3,802,105
Granted 956,135 815,810 966,919
Vested / Distributed (798,468) (944,048) (1,757,269)
Forfeited (164,568) (177,233) (152,382)
December 31 2,547,001 2,553,902 2,859,373
Restricted Stock and PRSU Activity, Weighted Average Grant Date Fair Value [Roll Forward]      
January 1, Weighted Average Grant Date Fair Value $ 69.77 $ 68.85  
Granted, Weighted Average Grant Date Fair Value 72.13 67.62 $ 74.10
December 31, Weighted Average Grant Date Fair Value $ 70.89 $ 69.77 $ 68.85
Performance Restricted Stock Units (PRSUs) [Member]      
Share-based employee compensation, vesting rights Each PRSU represents the right to receive one share of common stock on vesting. The ultimate number of PRSUs received by the employee depends on the Company's average return on equity over a three year period compared to the average return on equity of a peer group of principal competitors over the same period. The PRSUs vest three years from the grant date.    
Restricted Stock and PRSU Activity [Roll Forward]      
January 1 509,844 488,887 462,381
Granted 181,782 182,582 173,770
Vested / Distributed (153,492) (161,625) (147,264)
December 31 538,134 509,844 488,887
Restricted Stock and PRSU Activity, Weighted Average Grant Date Fair Value [Roll Forward]      
January 1, Weighted Average Grant Date Fair Value $ 80.41 $ 82.01 $ 77.05
Granted, Weighted Average Grant Date Fair Value 75.64 73.72 84.94
Distributed, Weighted Average Grant Date Fair Value 83.23 77.68 69.89
December 31, Weighted Average Grant Date Fair Value $ 77.99 $ 80.41 $ 82.01
Employee Stock Purchase Plan [Member]      
Shares available for grant 8,599,311    
Employee Stock Purchase Plan (ESPP) [Abstract]      
Discount from market price 95.00%    
Maximum percentage of eligible compensation allowable for purchase 10.00%    
Shares issued in period 76,040 91,086 101,862
Proceeds from issuance of shares $ 5.6 $ 6.5 $ 7.6