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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Stock-Based Compensation  
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, 2017

 

32,266,391

 

$

44.14

 

7.03

 

$

744.1

 

Options granted

 

 —

 

 

 

 

 

 

 

 

 

Options exercised

 

(834,925)

 

 

 

 

 

 

 

 

 

Options forfeited

 

(45,660)

 

 

 

 

 

 

 

 

 

Options outstanding at March 31, 2017

 

31,385,806

 

 

44.54

 

6.85

 

 

835.7

 

Options granted

 

6,886,600

 

 

 

 

 

 

 

 

 

Options exercised

 

(1,759,976)

 

 

 

 

 

 

 

 

 

Options forfeited

 

(70,160)

 

 

 

 

 

 

 

 

 

Options outstanding at June 30, 2017

 

36,442,270

 

$

50.65

 

7.33

 

$

844.3

 

Vested and non-vested options expected to vest at June 30, 2017

 

34,211,920

 

$

49.93

 

7.24

 

$

817.4

 

Exercisable options at June 30, 2017

 

16,697,570

 

$

38.47

 

5.75

 

$

590.3

 

 

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

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average Fair 

 

 

 

 

 

Value at Grant

 

 

 

Options

 

Date

 

Non-vested options at January 1, 2017

 

18,725,570

 

$

7.99

 

Options granted

 

 —

 

 

 —

 

Options vested

 

(82,740)

 

 

8.17

 

Options forfeited

 

(45,660)

 

 

7.84

 

Non-vested options at March 31, 2017

 

18,597,170

 

 

7.98

 

Options granted

 

6,886,600

 

 

8.77

 

Options vested

 

(5,668,910)

 

 

7.91

 

Options forfeited

 

(70,160)

 

 

8.20

 

Non-vested options at June 30, 2017

 

19,744,700

 

$

8.28

 

 

Summary of activity in the option plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

    

June 30, 

    

June 30, 

 

 

 

2017

 

2016

 

2017

 

2016

 

Total intrinsic value of stock options exercised

 

$

79.6

 

$

62.0

 

$

114.1

 

$

82.6

 

Total fair value of stock options vested

 

 

44.8

 

 

42.1

 

 

45.5

 

 

42.5

 

 

Schedule of restricted share activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average Remaining

 

 

 

Restricted

 

Fair Value at 

 

Amortization Term

 

 

  

Shares

 

Grant Date

 

(in years)

 

Restricted shares outstanding at January 1, 2017

 

16,905

 

$

57.99

 

0.38

 

Restricted shares granted

 

 —

 

 

 —

 

 

 

Restricted shares outstanding at March 31, 2017

 

16,905

 

 

57.99

 

0.13

 

Shares vested and issued

 

(16,905)

 

 

57.99

 

 

 

Restricted shares granted

 

11,526

 

 

72.90

 

 

 

Restricted shares outstanding at June 30, 2017

 

11,526

 

$

72.90

 

0.89