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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
Share-Based Compensation Plans [Abstract]  
Schedule Of Changes In Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

 

 

 

Number of shares (thousands)

 

Weighted-average exercise price

 

Weighted-average remaining contractual term (years)

 

Aggregate intrinsic value (millions)

Option shares outstanding at beginning of period

2,204.6 

 

$
35.60 

 

 

 

 

Options granted

318.9 

 

53.93 

 

 

 

 

Option shares exercised

(640.8)

 

(27.80)

 

 

 

$
17.1 

Options forfeited

(228.8)

 

(48.03)

 

 

 

 

Options expired

(52.7)

 

(43.49)

 

 

 

 

Option shares outstanding at end of period

1,601.2 

 

$
40.33 

 

6.9 

 

$
18.2 

 

 

 

 

 

 

 

 

Option shares exercisable at end of period

1,015.3 

 

34.12 

 

6.0 

 

$
17.3 

Option shares vested and expected to vest

1,579.6 

 

40.17 

 

6.9 

 

$
18.2 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

 

 

 

Number of shares (thousands)

 

Weighted-average exercise price

 

Weighted-average remaining contractual term (years)

 

Aggregate intrinsic value (millions)

Option shares outstanding at beginning of period

2,311.0 

 

$
30.05 

 

 

 

 

Options granted

382.4 

 

51.75 

 

 

 

 

Option shares exercised

(438.3)

 

(19.65)

 

 

 

$
15.1 

Options forfeited

(41.3)

 

(42.81)

 

 

 

 

Options expired

(9.2)

 

(40.40)

 

 

 

 

Option shares outstanding at end of period

2,204.6 

 

$
35.60 

 

7.0 

 

$
48.5 

 

 

 

 

 

 

 

 

Option shares exercisable at end of period

1,255.9 

 

28.59 

 

6.1 

 

$
36.4 

Option shares vested and expected to vest

2,038.6 

 

34.89 

 

6.9 

 

$
46.3 

 

 

 

 

 

 

 

 

 

Schedule Of Weighted-Average Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

Weighted-average grant date fair value of options granted

 

 

 

 

 

(dollars per option)

 

 

 

$
24.93 

 

$
21.62 

 

$
20.29 

 

 

 

 

 

 

 

 

 

Assumptions

 

 

 

 

 

 

 

 

Risk free rate of return

 

 

 

1.9% 

 

1.2% 

 

1.2% 

Expected volatility

 

 

 

46.5% 

 

42.4% 

 

41.4% 

Expected term (in years)

 

 

 

6.0 

 

6.0 

 

6.1 

Expected dividend yield

 

 

 

0.0% 

 

0.0% 

 

0.0% 

 

 

 

 

 

 

 

 

 

 

Schedule Of Restricted Stock And Restricted Stock Units Activity

 

 

 

 

 

 

 

 

 

Non-Vested Stock Awards

 

 

 

 

Number of shares

 

Weighted-average fair value at grant date

 

 

December 31, 2012

127,886 

 

$
43.32 

 

 

Granted

 

59,356 

 

51.97 

 

 

Vested

 

(25,794)

 

(38.10)

 

 

Forfeited

 

(7,871)

 

(47.19)

 

 

December 31, 2013

153,577 

 

$
47.34 

 

 

Granted

 

93,711 

 

52.57 

 

 

Vested

 

(61,902)

 

(41.61)

 

 

Forfeited

 

(9,784)

 

(52.08)

 

 

December 31, 2014

175,602 

 

$
51.89 

 

 

 

Schedule Of Performance Award Activity

 

 

 

 

 

 

 

 

 

Non-Vested Performance Stock Awards

 

 

 

 

Number of shares

 

Weighted-average fair value at grant date

 

 

December 31, 2012

293,475 

 

$
45.24 

 

 

Granted

 

139,597 

 

51.80 

 

 

Vested

 

(19,979)

 

(37.54)

 

 

Forfeited

 

(22,412)

 

(48.14)

 

 

December 31, 2013

390,681 

 

$
47.81 

 

 

Granted

 

129,858 

 

53.88 

 

 

Vested

 

(78,125)

 

(41.69)

 

 

Forfeited

 

(108,051)

 

(46.37)

 

 

December 31, 2014

334,363 

 

$
52.07