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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Share-based Compensation [Abstract]  
Performance Units and Reinvested Dividends on Outstanding Performance Units
 
 
Years Ended December 31,
Performance Units
 
2016
 
2015
 
2014
Awarded Units (in thousands)
 
597.4

 
575.0

 
16.9

Weighted Average Unit Fair Value at Grant Date
 
$
62.77

 
$
59.19

 
$
49.73

Vesting Period (in years)
 
3

 
3

 
3

Performance Units and AEP Career Shares
(Reinvested Dividends Portion)
 
Years Ended December 31,
 
2016
 
2015
 
2014
Awarded Units (in thousands)
 
89.2

 
103.6

 
98.9

Weighted Average Fair Value at Grant Date
 
$
63.83

 
$
54.35

 
$
53.35

Vesting Period (in years)
 
(a)

 
(a)

 
(a)



(a)
The vesting period for the reinvested dividends on performance units is equal to the remaining life of the related performance units.  Dividends on AEP career shares vest immediately when the dividend is awarded but are not paid in cash until after the participant’s AEP employment ends.
Summary of Performance Scores and Performance Units Earned
 
 
Years Ended December 31,
Performance Units
 
2016
 
2015
 
2014
Certified Performance Score
 
163.9
%
 
176.3
%
 
147.8
%
Performance Units Earned
 
1,111,966

 
1,202,107

 
889,697

Performance Units Mandatorily Deferred as AEP Career Shares
 
9,963

 
41,707

 
40,831

Performance Units Voluntarily Deferred into the Incentive Compensation Deferral Program
 
51,684

 
54,074

 
39,526

Performance Units to be Paid in Cash
 
1,050,319

 
1,106,326

 
809,340

Summary of Cash Payouts for Performance Units and Career Shares
 
 
Years Ended December 31,
Performance Units and AEP Career Shares
 
2016
 
2015
 
2014
 
 
(in millions)
Cash Payouts for Performance Units
 
$
62.7

 
$
48.1

 
$
29.3

Cash Payouts for AEP Career Share Distributions
 
9.1

 
3.0

 
4.3

Summary of Units Awarded and Fair Value of Restricted Stock Units
 
 
Years Ended December 31,
Restricted Stock Units
 
2016
 
2015
 
2014
Awarded Units (in thousands)
 
242.0

 
397.5

 
64.1

Weighted Average Grant Date Fair Value
 
$
62.88

 
$
58.56

 
$
50.36

Total Fair Value and Total Intrinsic Value of Restricted Shares and Restricted Stock Units Vested
 
 
Years Ended December 31,
Restricted Stock Units
 
2016
 
2015
 
2014
 
 
(in millions)
Fair Value of Restricted Stock Units Vested
 
$
16.4

 
$
18.3

 
$
18.7

Intrinsic Value of Restricted Stock Units Vested (a)
 
21.0

 
24.2

 
24.9



(a)
Intrinsic value is calculated as market price at exercise date.
Status of Nonvested Restricted Shares and Restricted Stock Units
Nonvested Restricted Stock Units
 
Shares/Units
 
Weighted
Average
Grant Date
Fair Value
 
 
(in thousands)
 
 
Nonvested as of January 1, 2016
 
721.3

 
$
52.48

Granted
 
242.0

 
62.88

Vested
 
(326.7
)
 
50.07

Forfeited
 
(33.0
)
 
55.81

Nonvested as of December 31, 2016
 
603.6

 
57.54

Stock Unit Accumulation Plan for Non-employee Directors
 
 
Years Ended December 31,
Stock Unit Accumulation Plan for Non-Employee Directors
 
2016
 
2015
 
2014
Awarded Units (in thousands)
 
19.1

 
24.9

 
25.4

Weighted Average Grant Date Fair Value
 
$
64.96

 
$
55.46

 
$
54.08

Compensation Cost and Actual Tax Benefit Realized for Tax Deductions from Compensation Cost for Share-based Payment Arrangements
 
 
Years Ended December 31,
Share-based Compensation Plans
 
2016
 
2015
 
2014
 
 
(in millions)
Compensation Cost for Share-based Payment Arrangements (a)
 
$
66.5

 
$
63.8

 
$
85.4

Actual Tax Benefit Realized
 
23.3

 
22.3

 
29.9

Total Compensation Cost Capitalized
 
20.8

 
20.3

 
23.1



(a)
Compensation cost for share-based payment arrangements is included in Other Operation and Maintenance expenses on the statements of income.