v2.4.1.9
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Recognized Share-Based Compensation Expense
Recognized Share-Based Compensation Expense
Year ended December 31 (in millions)201420132012
Stock options$ 160 $139$131
Restricted share units 231 175154
Employee stock purchase plans 23 2016
Total$ 414 $334$301
Stock Option Activity
Stock Options and Restricted Share Units
As of December 31, 2014, unless otherwise stated (in millions, except per share data)Stock OptionsRSUs
Awards granted during 201416 8
Weighted-average exercise price of awards granted during 2014$ 50.03
Stock options outstanding and nonvested RSUs9824
Weighted-average exercise price of stock options outstanding$ 30.29
Weighted-average fair value at grant date of nonvested RSUs$ 34.11
Stock Option Fair Value and Significant Assumptions
Year ended December 31201420132012
RSUs fair value$ 47.91 $38.28$ 27.80
Stock options fair value$ 11.11 $8.80$ 7.38
Stock Option Valuation Assumptions:
Dividend yield1.8 %1.9% 2.2 %
Expected volatility24.0 %25.0% 29.0 %
Risk-free interest rate2.2 %1.3% 1.7 %
Expected option life (in years)6.5 7.0 7.0
NBCUniversal Media, LLC [Member]  
Recognized Share-Based Compensation Expense
Recognized Share-Based Compensation Expense
Year ended December 31 (in millions)201420132012
Stock options$ 16 $15$15
Restricted share units 69 4228
Employee stock purchase plans 6 54
Total$ 91 $62$47
Stock Option Fair Value and Significant Assumptions
Year ended December 31201420132012
RSUs fair value$ 48.04 $37.79$27.51
Stock options fair value$ 11.09 $8.86$7.42
Stock Option Valuation Assumptions:
Dividend yield 1.8 %1.9% 2.2 %
Expected volatility 24.0 %25.2% 29.0 %
Risk-free interest rate 2.2 %1.3% 1.7 %
Expected option life (in years) 6.5 7.0 7.0