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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]  
Schedule of Fair Value of TSR Performance RSUs

We estimated the fair value of the TSR Performance RSUs referred to above on the date of the grant using a Monte Carlo simulation with the following assumptions:

 

 

 

Year Ended December 31,

 

 

 

 

2019

 

 

 

2018

 

 

 

2017

 

Volatility of common stock

 

 

25.96

%

 

 

25.02

%

 

 

27.85

%

Expected dividend yield

 

 

0.00

%

 

 

0.00

%

 

 

0.00

%

Risk-free interest rate

 

 

2.12

%

 

 

2.73

%

 

 

2.33

%

 

Schedule of Non-Vested Stock Awards

A summary of the status of our non-vested stock awards is presented in the table below:

 

 

 

Shares/Units

 

 

Weighted Average

Market Value

Per Share

 

Balance at December 31, 2016

 

 

4,843,273

 

 

$

31.66

 

Granted

 

 

5,152,082

 

 

 

40.11

 

Performance award achievement adjustments

 

 

489,219

 

 

 

30.93

 

Vested

 

 

(2,510,031

)

 

 

29.98

 

Forfeited

 

 

(297,441

)

 

 

32.85

 

Balance at December 31, 2017

 

 

7,677,102

 

 

 

37.76

 

Granted

 

 

2,023,266

 

 

 

45.70

 

Performance award achievement adjustments

 

 

282,953

 

 

 

38.09

 

Vested

 

 

(2,177,800

)

 

 

34.78

 

Forfeited

 

 

(623,161

)

 

 

40.85

 

Balance at December 31, 2018

 

 

7,182,360

 

 

 

41.04

 

Granted

 

 

2,000,977

 

 

 

50.07

 

Performance award achievement adjustments

 

 

166,007

 

 

 

37.36

 

Vested

 

 

(1,323,351

)

 

 

37.43

 

Forfeited

 

 

(316,294

)

 

 

42.09

 

Balance at December 31, 2019

 

 

7,709,699

 

 

 

43.89