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Stock-Based Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Awards Activity
The following table summarizes stock option and SAR (“stock awards”) activity:
 
 
Number of Shares
Under Stock Awards
 
Weighted
Average
Exercise Price
per Share
Outstanding at December 31, 2011
23,599,256

 
$
17.42

Granted
3,130,843

 
23.37

Exercised
(9,360,396
)
 
15.40

Forfeited
(753,086
)
 
20.24

Outstanding at December 31, 2012
16,616,617

 
$
19.54

Granted
2,182,035

 
32.92

Exercised
(4,367,871
)
 
17.80

Forfeited
(866,900
)
 
23.12

Outstanding at December 31, 2013
13,563,881

 
$
22.05

Granted
6,226,185

 
52.37

Exercised
(2,720,048
)
 
20.25

Forfeited
(862,241
)
 
38.28

Outstanding at December 31, 2014
16,207,777

 
$
33.21

Vested and expected to vest at December 31, 2014
15,548,906

 
$
33.14

Exercisable at December 31, 2014
7,654,835

 
$
20.42
Nonvested Restricted Stock and Restricted Stock Unit, Including Performance Units, Activity
A summary of the status of the Company’s nonvested restricted stock and restricted stock unit awards, including PSUs, (“restricted stock awards”) as of December 31, 2014 and the changes during the year ended December 31, 2014 are presented below:
 
 
Number of Restricted
Stock Awards
 
Weighted  Average
Grant-Date
Fair Value Per Share
Nonvested at December 31, 2013
3,321,836

 
$
27.13

Granted
2,144,184

 
40.04

Released
(1,376,177
)
 
24.98

Forfeited
(419,605
)
 
31.97

Nonvested at December 31, 2014
3,670,238

 
$
34.98
Long Term Incentive Plan 2003  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based Compensation Plans, Valuation Assumptions
The assumptions used for options granted under the 2003 Plan are as follows:
 
Year Ended December 31,
 
2014
 
2013
 
2012
Volatility
31.6%
 
23.9%
 
29.7%
Risk-free interest rate
1.9%
 
1.1%
 
1.0%
Expected term (years)
6.3
 
6.1
 
5.9
Forfeiture rate
5.5%
 
5.5%
 
5.5%
Weighted average grant date fair value per option
$17.44
 
$8.49
 
$7.00
2014 Program  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based Compensation Plans, Valuation Assumptions
The assumptions used for the 2014 Program are as follows:
 
 
Year Ended
 
 
December 31, 2014
Volatility
 
31.6%
Risk-free interest rate
 
1.9%
Expected term (years)
 
6.3
Forfeiture rate
 
5.5%
Weighted average grant date fair value per SAR
 
$9.43
Weighted average grant date fair value per PSU
 
$34.58