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Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Assumptions Used to Determine Fair Value of Stock Options Assumed in Acquisition The fair values of stock options granted were estimated on the date of grant using a binomial option-pricing model with the following assumptions:
 
2019
 
2018
Expected life (in years)
6.4

 
6.3

Average risk-free interest rate
2.7
%
 
2.2
%
Expected volatility
28.5
%
 
28.3
%
Expected dividend yield
0
%
 
0
%

The fair value of options that the Company assumed in connection with the acquisition of First Data were estimated using the Black-Scholes model with the following assumptions:
Expected life (in years)
2.5

Average risk-free interest rate
1.9
%
Expected volatility
27.4
%
Expected dividend yield
0
%
Schedule of Assumptions Used to Determine Fair Value of Stock Options Granted The fair values of stock options granted were estimated on the date of grant using a binomial option-pricing model with the following assumptions:
 
2019
 
2018
Expected life (in years)
6.4

 
6.3

Average risk-free interest rate
2.7
%
 
2.2
%
Expected volatility
28.5
%
 
28.3
%
Expected dividend yield
0
%
 
0
%

The fair value of options that the Company assumed in connection with the acquisition of First Data were estimated using the Black-Scholes model with the following assumptions:
Expected life (in years)
2.5

Average risk-free interest rate
1.9
%
Expected volatility
27.4
%
Expected dividend yield
0
%
Summary of Stock Option Activity
A summary of stock option activity is as follows:
 
Shares (In thousands)
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value (In millions)
Stock options outstanding - December 31, 2018
12,052

 
$
33.96

 
 
 
 
Converted First Data stock options
7,591

 
62.54

 
 
 
 
Granted
1,177

 
84.77

 
 
 
 
Forfeited
(158
)
 
68.17

 
 
 
 
Exercised
(3,265
)
 
35.94

 
 
 
 
Stock options outstanding - September 30, 2019
17,397

 
$
49.19

 
5.03
 
$
1,079

Stock options exercisable - September 30, 2019
14,531

 
$
45.00

 
4.37
 
$
986
Summary of Restricted Stock and Performance Activity
A summary of restricted stock unit and performance share unit activity is as follows:
 
Restricted Stock Units
 
Performance Share Units
 
Shares (In thousands)
 
Weighted-Average Grant Date Fair Value
 
Shares (In thousands)
 
Weighted-Average Grant Date Fair Value
Units - December 31, 2018
1,821

 
$
53.22

 
524

 
$
57.60

Converted First Data units
6,025

 
102.30

 
1,333

 
101.96

Granted
533

 
91.35

 
1,107

 
96.72

Forfeited
(173
)
 
74.02

 
(238
)
 
50.96

Vested
(945
)
 
70.21

 
(405
)
 
90.03

Units - September 30, 2019
7,261

 
$
93.97

 
2,321

 
$
99.25

A summary of restricted stock award and performance share award activity is as follows:
 
Restricted Stock Awards
 
Performance Share Awards
 
Shares (In thousands)
 
Weighted-Average Grant Date Fair Value
 
Shares (In thousands)
 
Weighted-Average Grant Date Fair Value
Awards - December 31, 2018
—

 
$
—

 
—

 
$
—

Converted First Data awards
96

 
102.30

 
264

 
87.57

Granted
—

 
—

 
—

 
—

Forfeited
—

 
—

 
(16
)
 
87.57

Vested
—

 
—

 
(248
)
 
87.57

Awards - September 30, 2019
96

 
$
102.30

 
—

 
$
—
Schedule of Additional Information Related to Stock Option and Restricted Stock Unit Activity
The table below represents additional information related to stock option and restricted stock unit activity:
(In millions)
2019
 
2018
Total intrinsic value of stock options exercised
$
211

 
$
119

Fair value of restricted stock units vested
158

 
36

Income tax benefit from stock options exercised and restricted stock units vested
89

 
36

Cash received from stock options exercised
73

 
25