XML 95 R20.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Share-Based Compensation and Savings Plans | 3 Months Ended
--- | ---
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-Based Compensation and Savings Plans | Share-Based Compensation and Savings Plans Share-Based Compensation Plans We maintain stock incentive plans (collectively, the “Plans”) for the benefit of certain of our officers, directors, and employees. The following table provides total share-based compensation expense by type of award:
| Three Months Ended September 30
(in millions) | 2015 |  | 2014
Restricted share unit expense | $ | 13 |  |  | $ | 16 |
Employee stock option expense | 5 |  |  | 5 |
Performance share unit expense | 12 |  |  | 4 |
Total share-based compensation | $ | 30 |  |  | $ | 25 |
The total tax benefit related to share-based compensation was $11 million and $9 million for the three months ended September 30, 2015 and 2014, respectively. Stock Options Employee stock options granted under the Plans generally vest in equal annual installments over three years and are exercisable for periods ranging from seven to ten years from the grant date. All stock options are exercisable at a price equal to the market value of the common shares underlying the option on the grant date. The following table summarizes all stock option transactions under the Plans:
(in millions, except per share amounts) | Stock Options |  | Weighted-Average Exercise Price per Common Share
Outstanding at June 30, 2015 | 8 |  |  | $ | 46.50 |
Granted | 1 |  |  | 84.28 |
Exercised | (1 | ) |  | 37.20 |
Canceled and forfeited | — |  |  | — |
Outstanding at September 30, 2015 | 8 |  |  | $ | 53.24 |
Exercisable at September 30, 2015 | 5 |  |  | $ | 42.18 |
At September 30, 2015, the total pre-tax compensation cost, net of estimated forfeitures, related to nonvested stock options not yet recognized was $37 million, which is expected to be recognized over a weighted-average period of two years. The following table provides additional detail related to stock options:
(in millions, except per share amounts) | September 30, 2015 |  | June 30, 2015
Aggregate intrinsic value of outstanding options at period end | $ | 201 |  |  | $ | 281 |
Aggregate intrinsic value of exercisable options at period end | 182 |  |  | 193 |
Weighted-average remaining contractual life of outstanding options (in years) | 7 |  |  | 6 |
Weighted-average remaining contractual life of exercisable options (in years) | 6 |  |  | 5 |
Restricted Share Units Restricted share units granted under the Plans generally vest in equal annual installments over three years. Restricted share units accrue cash dividend equivalents that are payable upon vesting of the awards. The following table summarizes all transactions related to restricted share units under the Plans:
(in millions, except per share amounts) | Restricted Share Units |  | Weighted-Average Grant Date Fair Value per Share
Nonvested at June 30, 2015 | 3 |  |  | $ | 59.69 |
Granted | 1 |  |  | 84.30 |
Vested | (1 | ) |  | 53.31 |
Canceled and forfeited | — |  |  | — |
Nonvested at September 30, 2015 | 3 |  |  | $ | 73.29 |
At September 30, 2015, the total pre-tax compensation cost, net of estimated forfeitures, related to nonvested restricted share units not yet recognized was $121 million, which is expected to be recognized over a weighted-average period of two years. Performance Share Units Performance share units vest over a three-year performance period based on achievement of specific performance goals. Based on the extent to which the targets are achieved, vested shares may range from zero to 200 percent of the target award amount. Performance share units accrue cash dividend equivalents that are payable upon vesting of the awards. The following table summarizes all transactions related to performance share units under the Plans (based on target award amounts):
(in millions, except per share amounts) | Performance Share Units |  | Weighted-Average Grant Date Fair Value per Share
Nonvested at June 30, 2015 | 0.9 |  |  | $ | 50.31 |
Granted | 0.3 |  |  | 84.34 |
Vested (1) | (0.4 | ) |  | 39.81 |
Canceled and forfeited | — |  |  | — |
Nonvested at September 30, 2015 | 0.8 |  |  | $ | 62.64 |
(1) Vested based on achievement of 133 percent of the target performance goal. At September 30, 2015, the total pre-tax compensation cost, net of estimated forfeitures, related to nonvested performance share units not yet recognized was $26 million, which is expected to be recognized over a weighted-average period of two years.

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666 Reference 3: 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 Reference 4: http://www.xbrl.org/2003/role/presentationRef -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 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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