XML 50 R46.htm IDEA: XBRL DOCUMENT v3.20.1
Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2019
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)
2019
 
2018
 
2017
Equity-based awards
$
34,482

 
$
29,401

 
$
26,567

Liability-based awards
4,128

 
2,517

 
6,014

Total stock-based compensation
38,610

 
31,918

 
32,581

Less tax benefit
(7,305
)
 
(6,556
)
 
(5,659
)
Total stock-based compensation, net of tax
$
31,305

 
$
25,362

 
$
26,922


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, 2018
12

 
$
117.21

 
4

Granted
6

 
137.82

 
 
Exercised
(3
)
 
60.39

 
 
Canceled

 

 
 
December 31, 2019
15

 
$
138.73

 
1


SSAR's and Stock Option Outstanding
SSARs and options outstanding at December 31, 2019 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)
Over $115
15

 
5.68
 
$
138.73

 
$


SSAR's and Stock Option Exercisable
SSARs and options exercisable as of December 31, 2019 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)
Over $115
1

 
2.34
 
$
118.10

 
$
2


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, 2018
448

 
$
125.99

Granted
230

 
128.98

Vested
(164
)
 
116.80

Forfeited
(17
)
 
130.85

December 31, 2019
497

 
$
130.24


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 PRSU activity for the years ended December 31, 2019, 2018 and 2017:
(DOLLARS IN MILLIONS)
Issued Shares
 
Aggregate Purchase Price
 
Covered Shares
2019
61,991

 
$
8.5

 
30,996

2018
66,674

 
9.3

 
33,337

2017
41,801

 
5.8

 
20,901

PRSU activity was as follows: 
(SHARE AMOUNTS IN THOUSANDS)
Number of
Shares
 
Weighted Average
Grant Date Fair
Value Per Share
December 31, 2018
162

 
$
132.96

Granted
62

 
137.82

Vested
(54
)
 
119.81

Forfeited
(2
)
 
138.97

December 31, 2019
168

 
$
138.96


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, 2018
92

 
$
132.23

Granted
37

 
126.35

Vested
(32
)
 
134.68

Forfeited
(2
)
 
132.32

December 31, 2019
95

 
$
126.35