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Stock Compensation Plans Level 3 (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock based Compensation Plans

	For the years ended December 31,
	2016			2015			2014
Stock-based compensation plans expense	$	81		$	78		$	98
Income tax benefit	(29		)	(27		)	(34		)
Total stock-based compensation plans expense, after-tax	$	52		$	51		$	64

The risk-free rate for periods within the contractual life of the option

	For the years ended December 31,
	2016				2015				2014
Expected dividend yield	2.0%				1.8%				1.7%
Expected annualized spot volatility	27.3	%	-	41.3%	22.1	%	-	39.4%	25.9	%	-	57.8%
Weighted average annualized volatility	34.1%				32.7%				35.1%
Risk-free spot rate	0.3	%	-	1.8%	—	%	-	2.6%	0.1	%	-	2.8%
Expected term	5.0 years				5.0 years				5.0 years

Summary of the status of non-qualified stock options included in the company's stock plans

	For the years ended December 31,
	2016				2015				2014
Volatility of common stock	22.2%				21.4%				31.6%
Average volatility of peer companies	15.0	%	-	26.0%	14.0	%	-	24.0%	17.0	%	-	29.0%
Average correlation coefficient of peer companies	56.0%				54.0%				62.0%
Risk-free spot rate	1.0%				1.1%				0.7%
Term	3.0 years				3.0 years				3.0 years

	Number of Options (in thousands)		Weighted Average Exercise Price			Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
	For the year ended December 31, 2016
Outstanding at beginning of year	3,800		$	33.09
Granted	932		$	43.59
Exercised	(39	)	$	22.49
Forfeited	—
Expired	(94	)	$	81.81
Outstanding at end of year	4,599		$	34.31		6.3 years	$	63
Outstanding, fully vested and expected to vest	4,545		$	34.71		6.3 years	$	59
Exercisable at end of year	2,923		$	29.74		5.0 years	$	54

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]

	Restricted Stock and Restricted Stock Units					Performance Shares
	Number of Shares (in thousands)		Weighted-Average Grant-Date Fair Value			Number of Shares (in thousands)		Weighted-Average Grant date Fair Value
Non-vested shares	For the year ended December 31, 2016
Non-vested at beginning of year	5,868		$	33.12		775		$	37.35
Granted	1,704		$	42.87		430		$	41.50
Performance based adjustment						237		$	36.45
Vested	(2,468	)	$	25.90		(474	)	$	36.45
Forfeited	(191	)	$	38.72		(27	)	$	40.69
Non-vested at end of year	4,913		$	39.87		941		$	40.72

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The risk-free rate for periods within the contractual life of the option.

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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of the number, aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both restricted stock units outstanding and restricted stock units fully vested and expected to vest at the date of the latest statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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