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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based Compensation Expense Included in Consolidated Statement of Income and Comprehensive Income
Total stock-based compensation expense included in the Consolidated Statement of Income and Comprehensive Income was as follows: 
 
December 31,
(DOLLARS IN THOUSANDS)
2018
 
2017
 
2016
Equity-based awards
$
29,401

 
$
26,567

 
$
24,587

Liability-based awards
2,517

 
6,014

 
3,884

Total stock-based compensation
31,918

 
32,581

 
28,471

Less tax benefit
(6,556
)
 
(5,659
)
 
(7,375
)
Total stock-based compensation, net of tax
$
25,362

 
$
26,922

 
$
21,096

SSAR's and Stock Option Activity
SSARs and options activity was as follows: 
(SHARE AMOUNTS IN THOUSANDS)
Shares Subject to
SSARs/Options
 
Weighted
Average Exercise
Price
 
SSARs/
Options
Exercisable
December 31, 2017
4

 
$
64.25

 
4

Granted
9

 
$
140.10

 
 
Exercised
(1
)
 
60.39

 
 
Canceled

 

 
 
Balance at December 31, 2018
12

 
$
117.21

 
4

SSAR's and Stock Option Outstanding
SSARs and options outstanding at December 31, 2018 was as follows: 
Price Range
Number
Outstanding
(in thousands)
 
Weighted Average
Remaining
Contractual Life
(in years)
 
Weighted
Average
Exercise Price
 
Aggregate
Intrinsic Value
(in thousands)
$51 – $60
3

 
0.34
 
$
60.39

 
 
Over $65
9

 
6.25
 
139.36

 
 
Total
12

 
 
 
$
117.21

 
$
177

SSAR's and Stock Option Exercisable
SSARs and options exercisable as of December 31, 2018 was as follows:
Price Range
Number
Exercisable
(in thousands)
 
Weighted Average
Remaining
Contractual Life
(in years)
 
Weighted
Average
Exercise Price
 
Aggregate
Intrinsic Value
(in thousands)
$51 – $60
3

 
0.34
 
$
60.39

 
 
Over $65
1

 
3.36
 
118.10

 
 
 
4

 
 
 
$
64.96

 
$
242

RSU's [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
RSU, PRS and Cash RSU Activity
RSU activity was as follows: 
 
Number of Shares
(in thousands)
 
Weighted Average
Grant Date Fair
Value Per Share
December 31, 2017
441

 
$
119.45

Granted
169

 
132.70

Vested
(145
)
 
113.89

Forfeited
(17
)
 
125.30

Balance at December 31, 2018
448

 
$
125.99

Restricted Stock [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
RSU, PRS and Cash RSU Activity
The following table summarizes the Company's activity for the years ended December 31, 2018, 2017 and 2016:
(DOLLARS IN MILLIONS)
Issued Shares
 
Aggregate Purchase Price
 
Covered Shares
 
PRSU
 
PRSU
 
 
2018
66,674

 
$
9.3

 
33,337

2017
41,801

 
5.8

 
20,901

2016
58,629

 
7.0

 
29,315

PRSU activity was as follows: 
(SHARE AMOUNTS IN THOUSANDS)
Number of
Shares
 
Weighted Average
Grant Date Fair
Value Per Share
December 31, 2017
159

 
$
124.15

Granted
67

 
140.10

Vested
(61
)
 
118.05

Forfeited
(3
)
 
129.77

Balance at December 31, 2018
162

 
$
132.96

Cash RSU's [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
RSU, PRS and Cash RSU Activity
Cash RSU activity was as follows: 
(SHARE AMOUNTS IN THOUSANDS)
Cash RSUs
 
Weighted Average Fair
Value Per Share
December 31, 2017
95

 
$
152.61

Granted
31

 
132.23

Vested
(30
)
 
125.38

Forfeited
(4
)
 
137.83

Balance at December 31, 2018
92

 
$
132.23