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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2019
Share-based Payment Arrangement [Abstract] |
Schedule of assumptions used to determine fair value of stock options assumed in acquisition | 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 | %
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 |  | 2017
Expected life (in years) | 6.4 |  |  | 6.3 |  |  | 6.3 |
Average risk-free interest rate | 2.7 | % |  | 2.2 | % |  | 2.2 | %
Expected volatility | 28.5 | % |  | 28.3 | % |  | 28.9 | %
Expected dividend yield | 0 | % |  | 0 | % |  | 0 | %
Schedule of assumptions used to determine fair value of stock options granted | 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 | %
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 |  | 2017
Expected life (in years) | 6.4 |  |  | 6.3 |  |  | 6.3 |
Average risk-free interest rate | 2.7 | % |  | 2.2 | % |  | 2.2 | %
Expected volatility | 28.5 | % |  | 28.3 | % |  | 28.9 | %
Expected dividend yield | 0 | % |  | 0 | % |  | 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 |  |  | 42.13 |  |  |  |  |
Granted | 1,188 |  |  | 84.95 |  |  |  |  |
Forfeited | (183 | ) |  | 69.38 |  |  |  |  |
Exercised | (4,659 | ) |  | 28.43 |  |  |  |  |
Stock options outstanding - December 31, 2019 | 15,989 |  |  | $ | 42.83 |  |  | 4.97 |  | $ | 1,164 |
Stock options exercisable - December 31, 2019 | 13,370 |  |  | $ | 37.02 |  |  | 4.32 |  | $ | 1,051 |
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 |  | 564 |  |  | 92.24 |  |  | 1,114 |  |  | 92.95 |
Forfeited |  | (292 | ) |  | 83.23 |  |  | (238 | ) |  | 50.96 |
Vested |  | (1,249 | ) |  | 76.95 |  |  | (405 | ) |  | 90.03 |
Units - December 31, 2019 |  | 6,869 |  |  | $ | 93.80 |  |  | 2,328 |  |  | $ | 94.61 |
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 | (48 | ) |  | 102.30 |  |  | (248 | ) |  | 87.57 |
Awards - December 31, 2019 | 48 |  |  | $ | 102.30 |  |  | — |  |  | $ | — |
Schedule of additional information related to stock option and restricted stock unit activity | The table below presents additional information related to stock option and restricted stock unit activity:
(In millions) |  | 2019 |  | 2018 |  | 2017
Total intrinsic value of stock options exercised |  | $ | 331 |  |  | $ | 147 |  |  | $ | 116 |
Fair value of restricted stock units vested |  | 198 |  |  | 37 |  |  | 61 |
Income tax benefit from stock options exercised and restricted stock units vested |  | 126 |  |  | 43 |  |  | 66 |
Cash received from stock options exercised |  | 104 |  |  | 29 |  |  | 36 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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