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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2019
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, 2018

 

 

602.5

 

 

$

41.71

 

 

 

 

 

 

 

 

 

Option shares exercised

 

 

(341.4

)

 

 

42.38

 

 

 

 

 

 

 

 

 

Option shares outstanding, December 31, 2019

 

 

261.1

 

 

$

40.84

 

 

 

2.6

 

 

$

13.9

 

Option shares exercisable, vested and expected to vest,

     December 31, 2019

 

 

261.1

 

 

$

40.84

 

 

 

2.6

 

 

$

13.9

 

 

Schedule of Information Related to Stock Option Exercises

The following table presents information related to stock option exercises:

 

 

 

2019

 

 

2018

 

 

2017

 

Total intrinsic value of stock options exercised

 

$

15.9

 

 

$

23.7

 

 

$

0.9

 

Cash proceeds received from stock options exercised

 

$

14.5

 

 

$

18.4

 

 

$

3.3

 

Tax deduction (expense) realized from stock options exercised

 

$

3.3

 

 

$

6.1

 

 

$

(0.2

)

 

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, 2018

 

100.3

 

 

$

48.69

 

 

 

503.2

 

 

$

45.14

 

Granted

 

 

34.9

 

 

 

82.99

 

 

 

118.6

 

 

 

76.05

 

Performance adjustments

 

 

-

 

 

 

-

 

 

 

273.8

 

 

 

38.66

 

Vested

 

 

(62.0

)

 

 

(46.32

)

 

 

(513.8

)

 

 

(38.89

)

Forfeited

 

 

(7.8

)

 

 

(64.18

)

 

 

(24.1

)

 

 

(63.48

)

December 31, 2019

 

65.4

 

 

$

66.49

 

 

 

357.7

 

 

$

58.27

 

 

PSUs [Member]  
Schedule of Weighted-Average Assumptions

 

 

2019

 

 

2018

 

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

 

$

77.80

 

 

$

53.01

 

Assumptions

 

 

 

 

 

 

 

 

Risk-free rate of return

 

 

2.4

%

 

 

2.4

%

Expected volatility

 

 

25.9

%

 

 

26.3

%

Expected term (in years)

 

 

3.1

 

 

 

3.1

 

Expected dividend yield

 

 

0.0

%

 

 

0.0

%