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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Share based compensation  
Share-Based compensation expense

                                                                                                                                                                                                                          

($ millions)

 

2018

 

2017

 


Equity-settled plans

 

46

 

48

 


Cash-settled plans

 

181

 

334

 


Total share-based compensation expense

 

227

 

382

 


 

Summary of liability recognized for share-based compensation

                                                                                                                                                                                                                      

($ millions)

 

2018

 

2017

 


Current liability

 

286

 

344

 


Long-term liability (note 20)

 

259

 

361

 


Total Liability

 

545

 

705

 


 

Weighted average fair value of options granted during the period and the weighted average assumptions used in their determination

                                                                                                                                                                                                                           

 

 

2018

 

2017

 


Annual dividend per share

 

$
1.44

 

$
1.28

 


Risk-free interest rate

 

2.03%

 

1.09%

 


Expected life

 

5 years

 

5 years

 


Expected volatility

 

24%

 

25%

 


Weighted average fair value per option

 

$
6.73

 

$
6.42

 


 

Summary of stock option plans

                                                                                                                                                                                                                       

 

 

                   2018

 

                   2017

 

 

 


 


 

 

Number
(thousands)

 

Weighted
Average
Exercise Price
($)

 

Number
(thousands)

 

Weighted
Average
Exercise Price
($)

 


Outstanding, beginning of year

 

31 110

 

36.96

 

31 442

 

35.98

 


Granted

 

7 231

 

43.19

 

7 401

 

42.04

 


Exercised for cash payment

 

 

 

(6

)

32.00

 


Exercised as options for common shares

 

(7 927

)

35.95

 

(6 223

)

36.65

 


Forfeited/expired

 

(1 479

)

47.88

 

(1 504

)

42.21

 


Outstanding, end of year

 

28 935

 

38.25

 

31 110

 

36.96

 


Exercisable, end of year

 

15 374

 

36.10

 

17 363

 

36.53

 


 

Exercise price ranges and weighted average remaining contractual lives

                                                                                                                                                                                                                           

 

 

                   Outstanding

 

                   Exercisable

 

 

 


 


Exercise Prices ($)

 

Number
(thousands)

 

Weighted
Average
Remaining
Contractual
Life
(years)

 

Weighted
Average
Exercise
Price ($)

 

Number
(thousands)

 

Weighted
Average
Exercise
Price ($)

 


24.50-34.99

 

7 821

 

3

 

30.90

 

5 589

 

31.16

 


35.00-39.99

 

7 214

 

3

 

37.74

 

7 195

 

37.74

 


40.00-44.99

 

13 714

 

6

 

42.53

 

2 590

 

42.19

 


45.00-49.99

 

58

 

7

 

47.82

 

 

 


50.00-54.27

 

128

 

7

 

52.40

 

 

 


Total

 

28 935

 

4

 

38.25

 

15 374

 

36.10

 


 

Summary of common shares available for granting future options

                                                                                                                                                                                                                            

(thousands)

 

2018

 

2017

 


 

 

21 929

 

28 972

 


 

Summary of share units and stock appreciation rights

                                                                                                                                                                                                                                            

(thousands)

 

PSU

 

RSU

 

DSU

 

 


Outstanding, December 31, 2016

 

2 413

 

18 158

 

1 218

 

 


 

Granted

 

1 570

 

5 009

 

202

 

 


 

Redeemed for cash

 

(1 663

)

(6 354

)

(118

)

 


 

Forfeited/expired

 

(53

)

(741

)

 

 


Outstanding, December 31, 2017

 

2 267

 

16 072

 

1 302

 

 


 

Granted

 

1 553

 

4 796

 

192

 

 


 

Redeemed for cash

 

(1 623

)

(5 962

)

(189

)

 


 

Forfeited/expired

 

 

(314

)

 

 


Outstanding, December 31, 2018

 

2 197

 

14 592

 

1 305

 

 


 

Stock Appreciation Rights (SARs)  
Share based compensation  
Summary of share units and stock appreciation rights

                                                                                                                                                                                                                                               

 

 

                   2018

 

                   2017

 

 

 


 


 

 

Number
(thousands)

 

Weighted
Average
Exercise Price
($)

 

Number
(thousands)

 

Weighted
Average
Exercise Price
($)

 


Outstanding, beginning of year

 

387

 

36.38

 

485

 

34.90

 


Granted

 

108

 

43.09

 

107

 

42.05

 


Exercised

 

(126

)

35.65

 

(176

)

35.59

 


Forfeited/expired

 

(6

)

38.36

 

(29

)

37.32

 


Outstanding, end of year

 

363

 

38.60

 

387

 

36.38

 


Exercisable, end of year

 

170

 

36.57

 

162

 

35.39