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Share-Based Compensation (Tables)
 12 Months Ended
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