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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Issuance of Restricted Stock Units and Aggregate Weighted Average Grant Date Fair Values
The following table details our issuance of restricted stock units and the aggregate weighted average grant date fair values under these plans for the years indicated.
TABLE 16.1
(dollars in millions)
2018
 
2017
 
2016
Restricted stock units
962,799

 
713,998

 
574,125

Weighted average grant date fair values
$
13

 
$
10

 
$
7

Summary of Information Concerning Restricted Stock Units
The following table summarizes the activity relating to restricted stock units during the periods indicated:
TABLE 16.2
 
2018
 
2017
 
2016
 
Units
 
Weighted
Average
Grant
Price per
Share
 
Units
 
Weighted
Average
Grant
Price per
Share
 
Units
 
Weighted
Average
Grant
Price per
Share
Unvested units outstanding at beginning of year
1,975,862

 
$
13.64

 
1,836,363

 
$
12.97

 
1,548,444

 
$
12.85

Granted
962,799

 
13.21

 
713,998

 
14.67

 
574,125

 
12.86

Net adjustment due to performance

 

 
(64,861
)
 
13.85

 
72,070

 
11.79

Vested
(258,031
)
 
13.19

 
(542,580
)
 
12.71

 
(384,704
)
 
12.11

Forfeited/expired
(214,743
)
 
13.39

 
(31,018
)
 
14.03

 
(31,394
)
 
13.02

Dividend reinvestment
90,287

 
12.61

 
63,960

 
13.80

 
57,822

 
13.08

Unvested units outstanding at end of year
2,556,174

 
13.51

 
1,975,862

 
13.64

 
1,836,363

 
12.97

Schedule of Certain Information Related to Restricted Stock Units
The following table provides certain information related to restricted stock units:
TABLE 16.3
Year Ended December 31
2018
 
2017
 
2016
(in millions)
 
 
 
 
 
Stock-based compensation expense
$
10

 
$
8

 
$
7

Tax benefit related to stock-based compensation expense
2

 
3

 
2

Fair value of units vested
3

 
8

 
5

Components of Restricted Stock Units
The components of the restricted stock units as of December 31, 2018 are as follows:
TABLE 16.4
(dollars in millions)
Service-
Based
Units
 
Performance-
Based
Units
 
Total
Unvested restricted stock units
1,470,720

 
1,085,454

 
2,556,174

Unrecognized compensation expense
$
9

 
$
5

 
$
14

Intrinsic value
$
14

 
$
11

 
$
25

Weighted average remaining life (in years)
1.90

 
1.83

 
1.87

Summary of Activity Related to Stock Options Units
The following table summarizes the activity relating to stock options during the periods indicated:
TABLE 16.5
 
2018
 
Weighted
Average Exercise
Price per
Share
 
2017
 
Weighted
Average Exercise
Price per
Share
 
2016
 
Weighted
Average Exercise
Price per
Share
Options outstanding at beginning of year
722,650

 
$
7.96

 
892,532

 
$
8.95

 
435,340

 
$
8.86

Assumed from acquisitions

 

 
207,645

 
8.92

 
1,707,036

 
7.83

Exercised
(253,899
)
 
7.77

 
(255,503
)
 
10.21

 
(1,128,075
)
 
7.18

Forfeited/expired
(10,397
)
 
11.98

 
(122,024
)
 
12.12

 
(121,769
)
 
9.33

Options outstanding and exercisable at end of year
458,354

 
7.99

 
722,650

 
7.96

 
892,532

 
8.95

Summary of Stock Options Outstanding
The following table summarizes information about stock options outstanding at December 31, 2018: 
TABLE 16.6
Range of Exercise Prices
 
Options
Outstanding
and Exercisable
 
Weighted Average
Remaining
Contractual Years
 
Weighted Average
Exercise Price
$3.45 - $5.18
 
81,219

 
2.14
 
$
4.80

$5.19 - $7.78
 
66,055

 
3.22
 
6.85

$7.79 - $11.37
 
311,080

 
3.41
 
9.07

 
 
458,354

 
 
 
 
Summary of Stock Options Exercised
The following table summarizes certain information relating to stock options exercised:
TABLE 16.7
Year Ended December 31
2018
 
2017
 
2016
(in millions)
 
 
 
 
 
Proceeds from stock options exercised
$
2

 
$
2

 
$
8

Tax benefit recognized from stock options exercised

 

 
2

Intrinsic value of stock options exercised
1

 
1

 
7