XML 53 R41.htm IDEA: XBRL DOCUMENT v3.20.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Stock-based compensation expense Stock-based compensation expense (benefit) was as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
 
($ in millions)
Stock-based compensation
$
4.3

 
$
(1.3
)
 
$
6.3

 
$
4.3

Mark-to-market adjustments
(0.1
)
 
(0.9
)
 
(3.1
)
 
0.4

Total expense (benefit)
$
4.2

 
$
(2.2
)
 
$
3.2

 
$
4.7
Schedule of fair value of stock options granted
The fair value of each stock option granted, which typically vests ratably over three years, but not less than one year, was estimated on the date of grant, using the Black-Scholes option-pricing model with the following weighted-average assumptions:
Grant date
2020
 
2019
Dividend yield
4.60
%
 
3.05
%
Risk-free interest rate
1.44
%
 
2.51
%
Expected volatility
36
%
 
34
%
Expected life (years)
6.0

 
6.0

Weighted-average grant fair value (per option)
$
3.64

 
$
6.76

Weighted-average exercise price
$
17.33

 
$
26.26

Shares granted
2,665,700

 
1,575,900