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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Company's Share-Based Compensation Activity and Related Information

A summary of the Company’s share-based compensation activity and related information is as follows:

 

     2015  
     Shares (1)      Weighted-
Average
Exercise
Price (2)
 
     (In Thousands)         

Outstanding at beginning of year

     3,923       $ 64   

Granted

     887         92   

Exercised

     (540      54   

Forfeited

     (89      81   
  

 

 

    

Outstanding at end of year (3)

     4,181       $ 71   
  

 

 

    

Exercisable at end of year

     2,437       $ 61   
  

 

 

    

Shares available for future grants

     10,000      
  

 

 

    

 

(1) Shares include Restricted Stock Units (RSUs).

 

(2) The weighted-average exercise price excludes RSUs.

 

(3) The exercise prices for SARs outstanding as of December 31, 2015 ranged from approximately $42 to $92. The weighted-average remaining contractual life of all SARs outstanding is approximately six years.
Summary of Company's Nonvested Share Awards (RSUs) Activity

A summary of the Company’s nonvested share awards activity is as follows:

 

Nonvested Share Awards (RSUs)

   Shares      Weighted-
Average  Grant
Date Fair
Value
 
     (In Thousands)         

Nonvested at January 1, 2015

     420       $ 72   

Granted

     176         92   

Vested

     (123      62   

Forfeited

     (40      76   
  

 

 

    

Nonvested at December 31, 2015

     433       $ 82