XML 70 R45.htm IDEA: XBRL DOCUMENT v3.20.4
STOCK BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense Resulting from Stock Option Awards, RSUs, PSUs, and ESPP and Canada ESPP
The following table presents the total stock-based compensation expense resulting from stock option awards, RSUs, PSUs and the ESPP and Canada ESPP included in the Consolidated Statements of Loss:
In millions
Year Ended December 31,
202020192018
SG&A - stock option plans$3.2 $8.0 $10.8 
SG&A - RSUs15.6 7.8 7.2 
SG&A - PSUs5.9 0.5 5.1 
SG&A - ESPP and Canada ESPP0.8 0.8 1.0 
Total pre-tax expense$25.5 $17.1 $24.1 
Stock Option Activity
Stock option activity for the year ended December 31, 2020 is summarized as follows:
Number of OptionsWeighted Average Exercise Price per ShareWeighted Average Remaining Contractual LifeTotal Aggregate Intrinsic Value
(in years)(in millions)
Outstanding as of January 1, 20203,967,425 $96.32 
Granted— $— 
Exercised(49,448)$54.21 
Forfeited(122,685)$71.95 
Cancelled or expired(934,824)$102.67 
Outstanding as of December 31, 20202,860,468 $96.00 2.50$6.7 
Exercisable as of December 31, 20202,490,182 $100.50 2.00$2.2 
Intrinsic Value of Options Exercised
The following table sets forth the intrinsic value of options exercised for the years ended December 31:
In millions
202020192018
Total exercise intrinsic value of options exercised$0.5 $2.1 $4.7 
Assumptions Used in Black-Scholes Option Pricing Model The fair value of stock options at the time of grant using the Black-Scholes option pricing model was as follows:
Year Ended December 31,
20192018
Stock options granted (shares)340,652 430,337 
Weighted average fair value at grant date$14.41 $16.79 
Assumptions:
Expected term (in years)4.344.89
Expected volatility30.99 %25.52 %
Expected dividend yield0.00 %0.00 %
Risk free interest rate2.35 %2.64 %
Summary of RSU Activity
RSUs activity during the year ended December 31, 2020, is as follows:
Number of UnitsWeighted Average Grant Date Fair ValueWeighted Average Remaining Contractual LifeTotal Aggregate Intrinsic Value
(in years)(in millions)
Non-vested as of January 1, 2020439,080 $59.09 
Granted574,712 $51.82 
Vested and Released(326,797)$54.63 
Forfeited(139,760)$55.72 
Non-vested as of December 31, 2020547,235 $54.96 1.10$37.9 
Summary of PSU Activity
PSUs activity during the year ended December 31, 2020, is as follows:
Number of UnitsWeighted Average Grant Date Fair Value
Non-vested as of January 1, 2020116,049 $63.77 
Granted109,006 $58.09 
Vested and Released(38,885)$48.23 
Forfeited (including performance goal not achieved)(94,128)$50.58 
Non-vested as of December 31, 202092,042 $57.79