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SHARE-BASED AWARDS AND STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Allocation of Share-Based Compensation Costs by Plan

The following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options:

	Three Months Ended								Nine Months Ended
	September 30, 2019				September 30, 2018				September 30, 2019				September 30, 2018
	(in thousands)
Share-based compensation expense	$	27,877			$	14,833			$	55,791			$	44,937
Income tax benefit	$	4,396			$	3,614			$	10,633			$	10,276

Schedule of Changes in Non-Vested Restricted Stock Awards Activity

The following table summarizes the changes in unvested restricted stock and performance awards for the nine months ended September 30, 2019:

	Shares			Weighted-Average Grant-Date Fair Value
	(in thousands)
Unvested at December 31, 2018	1,084				$108.51
Replacement Awards	894			163.74
Granted	772			141.42
Vested	(490	)		71.92
Forfeited	(88	)		112.47
Unvested at September 30, 2019	2,172				$151.06

Schedule of Stock Option Activity

The following table summarizes changes in stock option activity for the nine months ended September 30, 2019: 

	Options			Weighted-Average Exercise Price				Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
	(in thousands)							(years)		(in millions)
Outstanding at December 31, 2018	598				$59.16			6.2		$27.3
Replacement Awards	1,336			68.96
Granted	109			128.22
Exercised	(221	)		32.54
Outstanding at September 30, 2019	1,822				$73.71			6.8		$155.4
Options vested and exercisable at September 30, 2019	1,217				$57.29			5.9		$123.7

Schedule of Stock Option Valuation Assumptions

Fair value was estimated on the date of grant using the Black-Scholes valuation model with the following weighted-average assumptions:

	Nine Months Ended
	September 30, 2019		September 30, 2018
Risk-free interest rate	1.72%		2.60%
Expected volatility	31%		29%
Dividend yield	0.04%		0.04%
Expected term (years)	5		5

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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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.

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