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Equity (Tables)
12 Months Ended
Dec. 31, 2014
Shareholders' Equity  
Schedule of stock option activity

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

Aggregate

 

 

 

 

 

Weighted

 

Remaining

 

Intrinsic

 

 

 

 

 

Average

 

Contractual

 

Value

 

 

 

Options

 

Exercise Price

 

Term (in years)

 

(in millions)

 

Options outstanding at January 1, 2012 

 

28,033,800

 

$

19.00

 

6.89

 

 

 

Options granted

 

5,980,000

 

26.66

 

 

 

 

 

Options exercised

 

(6,505,922

)

14.66

 

 

 

 

 

Options forfeited

 

(614,440

)

21.42

 

 

 

 

 

Options outstanding at December 31, 2012 

 

26,893,438

 

21.70

 

7.08

 

 

 

Options granted

 

5,576,000

 

39.00

 

 

 

 

 

Options exercised

 

(5,272,426

)

18.23

 

 

 

 

 

Options forfeited

 

(352,560

)

26.83

 

 

 

 

 

Options outstanding at December 31, 2013 

 

26,844,452

 

25.90

 

7.08

 

 

 

Options granted

 

6,220,000

 

47.70

 

 

 

 

 

Options exercised

 

(4,790,252

)

20.27

 

 

 

 

 

Options forfeited

 

(486,280

)

34.55

 

 

 

 

 

Options outstanding at December 31, 2014 

 

27,787,920

 

31.60

 

7.09

 

$

617.2

 

Vested and non-vested expected to vest at December 31, 2014 

 

25,296,609

 

31.23

 

7.01

 

$

571.3

 

Exercisable at December 31, 2014 

 

11,347,360

 

$

23.16

 

5.51

 

$

347.8

 

 

Summary of status of non-vested options and changes during the year

 

 

 

Options

 

Weighted Average Fair
Value at Grant Date

 

 

 

 

 

 

 

Non-vested options at January 1, 2014 

 

16,033,842

 

$

7.39

 

Options granted

 

6,220,000

 

8.64

 

Options vested

 

(5,327,002

)

6.99

 

Options forfeited

 

(486,280

)

7.81

 

Non-vested options at December 31, 2014 

 

16,440,560

 

$

7.98

 

 

Summary of activity in the option plans

 

 

 

2014

 

2013

 

2012

 

Total intrinsic value of stock options exercised

 

$

136.8 

 

$

105.8 

 

$

95.9 

 

Total fair value of stock options vested

 

37.2 

 

33.9 

 

31.0 

 

 

Schedule of Restricted Stock Units Award Activity

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

Fair Value

 

Remaining

 

 

 

Restricted

 

at Grant

 

Amortization

 

 

 

Shares

 

Date

 

Term (in years)

 

Restricted shares outstanding at January 1, 2012 

 

 

$

 

 

 

Restricted shares granted

 

32,858

 

26.63

 

 

 

Restricted shares outstanding at December 31, 2012 

 

32,858

 

26.63

 

0.39

 

Restricted shares granted

 

26,880

 

38.76

 

 

 

Shares vested and issued

 

(32,858

)

26.63

 

 

 

Restricted shares outstanding at December 31, 2013 

 

26,880

 

38.76

 

0.39

 

Restricted shares granted

 

18,340

 

47.72

 

 

 

Shares vested and issued

 

(26,880

)

38.76

 

 

 

Restricted shares outstanding at December 31, 2014 

 

18,340

 

47.72

 

0.39

 

 

 

Schedule of after-tax components comprising Accumulated other comprehensive income (loss) included in shareholders' equity

 

 

 

 

Foreign Currency
Translation
Adjustment

 

Revaluation of
Derivatives

 

Defined Benefit
Plan Liability
Adjustment

 

Accumulated
Other Comprehensive
Income
(Loss)

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2012 

 

$

31.4

 

$

(0.3

)

$

(151.2

)

$

(120.1

)

Translation adjustments

 

25.9

 

 

 

25.9

 

Revaluation of derivatives, net of tax of $0

 

 

0.5

 

 

0.5

 

Defined benefit plan liability adjustment, net of tax of $14.6

 

 

 

(38.1

)

(38.1

)

Amounts reclassified from Accumulated Other Comprehensive Income (Loss), net tax of ($5.7)

 

 

 

14.8

 

14.8

 

Balance at December 31, 2012 

 

57.3

 

0.2

 

(174.5

)

(117.0

)

Translation adjustments

 

14.9

 

 

 

14.9

 

Amounts reclassified from Accumulated Other Comprehensive Income (Loss)

 

(5.2

)

 

 

(5.2

)

Revaluation of derivatives, net of tax of $0.1

 

 

(0.3

)

 

(0.3

)

Defined benefit plan liability adjustment, net of tax of ($20.6)

 

 

 

35.9

 

35.9

 

Amounts reclassified from Accumulated Other Comprehensive Income (Loss), net tax of ($9.6)

 

 

 

16.7

 

16.7

 

Balance at December 31, 2013 

 

67.0

 

(0.1

)

(121.9

)

(55.0

)

Translation adjustments

 

(80.4

)

 

 

(80.4

)

Revaluation of derivatives, net of tax of $0.2

 

 

(1.2

)

 

(1.2

)

Defined benefit plan liability adjustment, net of tax of $39.9

 

 

 

(82.0

)

(82.0

)

Amounts reclassified from Accumulated Other Comprehensive Income (Loss), net tax of ($6.2)

 

 

 

12.8

 

12.8

 

Balance at December 31, 2014 

 

$

(13.4

)

$

(1.3

)

$

(191.1

)

$

(205.8

)