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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of Changes in Stock Options

 

 

 

Number of shares (thousands)

 

 

Weighted-average exercise price

 

 

Weighted-average remaining contractual term (years)

 

 

Aggregate intrinsic value (millions)

 

Option shares outstanding, December 31, 2016

 

 

1,350.6

 

 

$

34.66

 

 

 

 

 

 

 

 

 

Option shares exercised

 

 

(78.2

)

 

 

(41.62

)

 

 

 

 

 

 

 

 

Option shares outstanding, December 31, 2017

 

 

1,272.4

 

 

$

34.23

 

 

 

3.4

 

 

$

33.5

 

Option shares exercisable, vested and expected to vest,

     December 31, 2017

 

 

1,272.4

 

 

 

34.23

 

 

 

3.4

 

 

$

33.5

 

 

Schedule of Information Related to Stock Option Exercises

The following table presents information related to stock option exercises:

 

 

 

2017

 

 

2016

 

 

2015

 

Total intrinsic value of stock options exercised

 

$

0.9

 

 

$

0.4

 

 

$

3.5

 

Cash proceeds received from stock options exercised

 

$

3.3

 

 

$

0.7

 

 

$

6.4

 

Tax (expense) deduction realized from stock options exercised

 

$

(0.2

)

 

$

(0.1

)

 

$

0.4

 

 

Schedule of Restricted Stock and Restricted Stock Units Activity

 

 

 

Non-Vested Stock Awards

 

 

 

RSUs

 

 

PSUs

 

 

 

Number of shares (thousands)

 

 

Weighted-

average fair value

at grant date

 

 

Number of shares (thousands)

 

 

Weighted-

average fair value

at grant date

 

December 31, 2016

 

224.5

 

 

$

44.94

 

 

 

290.4

 

 

$

40.29

 

Granted

 

 

54.2

 

 

 

47.18

 

 

 

139.4

 

 

 

44.65

 

Vested

 

 

(101.1

)

 

 

(46.23

)

 

 

(39.7

)

 

 

(47.19

)

Forfeited

 

 

(6.0

)

 

 

(44.23

)

 

 

(10.4

)

 

 

(43.91

)

December 31, 2017

 

171.6

 

 

$

45.27

 

 

 

379.7

 

 

$

41.08

 

 

PSUs [Member]  
Schedule of Weighted-Average Assumptions

 

 

2017

 

 

2016

 

Weighted-average grant date fair value of market based PSUs granted (dollars per award)

 

$

43.29

 

 

$

37.75

 

Assumptions

 

 

 

 

 

 

 

 

Risk free rate of return

 

 

1.5

%

 

 

0.8

%

Expected volatility

 

 

28.0

%

 

 

28.0

%

Expected term (in years)

 

 

3.1

 

 

 

2.7

 

Expected dividend yield

 

 

0.0

%

 

 

0.0

%