XML 60 R45.htm IDEA: XBRL DOCUMENT
v3.20.4

Employee Benefit Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Retirement Benefits [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
Volatility of common stock |  |  | 25.96 | % |  | 25.02 | %
Expected dividend yield |  |  | 0.00 | % |  | 0.00 | %
Risk-free interest rate |  |  | 2.12 | % |  | 2.73 | %
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, 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 |
Granted | 1,605,934 |  |  | 56.45 |
Performance award achievement adjustments | 560,563 |  |  | 39.89 |
Vested | (2,780,377) |  |  | 39.81 |
Forfeited | (412,407) |  |  | 48.27 |
Balance at December 31, 2020 | 6,683,412 |  |  | 47.99 |
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets |
Schedule of Amounts Recognized in Balance Sheet | The following table provides amounts recognized related to our defined benefit pension plans within the following captions on our consolidated balance sheets (dollars in thousands):
| December 31,
| 2020 |  | 2019
Other assets, net | $ | 58,410 |  |  | $ | 25,469 |
Other current liabilities | 19,432 |  |  | 12,144 |
Other liabilities | 135,440 |  |  | 145,432 |
Schedule of Expected Benefit Payments | The following table presents estimated future benefit payments over the next ten years, as of December 31, 2020. We will fund these obligations from the assets held by these plans. If the assets these plans hold are not sufficient to fund these payments, the company will fund the remaining obligations (dollars in thousands):
| 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 - 2030
Estimated future benefit payments for defined benefit plans | $ | 38,941 |  |  | $ | 35,804 |  |  | $ | 37,877 |  |  | $ | 39,655 |  |  | $ | 40,888 |  |  | $ | 216,678 |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + 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 (i) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration