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Stock Incentive Plans - Fair Value of Options Using Black-Scholes (Details) - Employee Stock Option - $ / shares
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Dividend yield [1] 1.37% 1.47% 1.65%
Expected volatility [2] 18.07% 19.92% 30.96%
Risk-free interest rate [3] 1.24% 1.35% 0.73%
Expected life (in years) [4] 4 years 2 months 12 days 4 years 4 years 8 months
Weighted-average grant date fair value (in dollars per share) $ 14.01 $ 11.04 $ 12.50
[1] The dividend yield is based on annual dividends paid and the fair market value of the Company’s stock at the grant date.
[2] The expected volatility is estimated using the Company’s historical volatility over a period equal to the expected life of each option grant after adjustments for infrequent events such as stock splits.
[3] The risk-free interest rate is selected based on yields from U.S. Treasury zero-coupon issues with a remaining term equal to the expected term of the options being valued.
[4] The expected life represents the number of years the options are expected to be outstanding from grant date based on historical option holder exercise experience.