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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Options Granted
A summary of the options granted (all of which vest over three years and are subject to performance-based vesting criteria), outstanding and shares available for grant under the FIS Restated Plan follows (in millions):

 
FIS Restated Plan
Available for grant as of December 31, 2015
26

Granted in 2016
5

Outstanding as of December 31, 2016
17

Available for grant as of December 31, 2016
21

Granted in 2017
4

Outstanding as of December 31, 2017
15

Available for grant as of December 31, 2017
17

Schedule of Stock Option Activity
The following schedule summarizes the stock option activity for the years ended December 31, 2017, 2016 and 2015 (in millions except for per share amounts):
 
Shares
 
Weighted
Average
Exercise Price
Balance, December 31, 2014
15

 
$
41.56

Granted
3

 
65.91

Exercised
(2
)
 
29.67

Cancelled

 
54.08

Balance, December 31, 2015
16

 
47.19

Granted
5

 
63.58

Exercised
(3
)
 
36.15

Cancelled
(1
)
 
62.25

Balance, December 31, 2016
17

 
53.21

Granted
4

 
80.05

Exercised
(5
)
 
44.72

Cancelled
(1
)
 
70.50

Balance, December 31, 2017
15

 
61.97

Summary of Stock Options Outstanding and Exercisable
The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2017:

 
Outstanding Options
 
Exercisable Options
Range of Exercise Price
Number
of
Options
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Intrinsic
Value as of
December 31,
2017 (a)
 
Number of Options
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Intrinsic
Value as of
December 31,
2017 (a)
 
(In millions)
 
 
 
 
 
(In millions)
 
(In millions)
 
 
 
 
 
(In millions)
$  0.00 - $ 34.33
1

 
1.40
 
$
30.05

 
$
81

 
1

 
1.40
 
$
30.05

 
$
81

$ 34.34 - $ 48.75
2

 
2.76
 
48.75

 
100

 
2

 
2.76
 
48.75

 
100

$ 48.76 - $ 59.91
3

 
3.81
 
58.19

 
93

 
2

 
3.80
 
58.17

 
63

$ 59.92 - $ 62.92
3

 
5.21
 
62.92

 
94

 
1

 
5.22
 
62.92

 
30

$ 62.93 - $ 66.62
2

 
4.71
 
65.78

 
59

 
1

 
4.60
 
65.52

 
25

$ 66.63 - $ 93.36
4

 
6.14
 
80.03

 
53

 

 
3.87
 
79.41

 
1

$  0.00 - $ 93.36
15

 
4.45
 
61.97

 
$
480

 
7

 
3.35
 
51.99

 
$
300

_________________________
(a)
Intrinsic value is based on a closing stock price as of December 31, 2017 of $94.09.
Schedule of Stock Option Valuation Assumptions
The weighted average fair value of options granted during the years ended December 31, 2017, 2016 and 2015 was estimated to be $12.78, $9.35 and $10.67, respectively, using the Black-Scholes option pricing model with the assumptions below:
 
2017
 
2016
 
2015
Risk free interest rate
1.8
%
 
1.2
%
 
1.4
%
Volatility
20.1
%
 
20.4
%
 
21.7
%
Dividend yield
1.4
%
 
1.6
%
 
1.6
%
Weighted average expected life (years)
4.2

 
4.2

 
4.2