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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Stock-Based Compensation Plans  
Schedule of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

Remaining

 

Aggregate

 

 

Option

 

Weighted Average

 

Contractual Term

 

Intrinsic Value

Stock Options

    

Shares

    

Exercise Price

    

(In years)

    

(In millions)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2013

 

3,405,500

 

$

49.12

 

 

 

 

 

Exercised

 

(1,437,053)

 

 

48.78

 

 

 

 

 

Expired or forfeited

 

(31,206)

 

 

51.37

 

 

 

 

 

Outstanding at December 31, 2013

 

1,937,241

 

 

49.35

 

 

 

 

 

Exercised

 

(593,204)

 

 

48.58

 

 

 

 

 

Expired or forfeited

 

(16,625)

 

 

52.13

 

 

 

 

 

Outstanding at December 31, 2014

 

1,327,412

 

 

49.66

 

 

 

 

 

Exercised

 

(390,606)

 

 

48.19

 

 

 

 

 

Expired or forfeited

 

(2,481)

 

 

51.96

 

 

 

 

 

Outstanding at December 31, 2015

 

934,325

 

$

50.26

 

1.8

 

$

7.4

Exercisable at December 31, 2015

 

934,325

 

$

50.26

 

1.8

 

$

7.4

 

Summary of the status of the Company's non-vested stock options and service and performance RSU changes during the year

 

 

 

 

 

 

 

 

Weighted

 

 

 

Average Grant

Unvested Options

Shares

    

Date Fair Value

 

 

 

 

 

Unvested at January 1, 2015

222,413

 

$

26.98

Forfeited

(625)

 

 

26.98

Vested

(221,788)

 

 

26.98

Unvested at December 31, 2015

 —

 

$

 —

 

Summary of certain information concerning outstanding and exercisable options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

Weighted Average

 

 

 

 

 

 

Weighted Average

 

 

 

 

Remaining

 

Weighted

 

 

 

Exercise

Range of

 

Outstanding at

 

Contractual Life

 

Average

 

Exercisable at

 

Price of Options

Exercise Price

    

December 31, 2015

    

in Years

    

Exercise Price

    

December 31, 2015

    

Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

$33 - $38

 

71,000

 

1.1

 

$

34.79

 

71,000

 

$

34.79

$42 - $45

 

312,425

 

1.4

 

 

43.01

 

312,425

 

 

43.01

$55 - $56

 

508,900

 

2.1

 

 

55.73

 

508,900

 

 

55.73

$61 - $67

 

42,000

 

2.0

 

 

64.16

 

42,000

 

 

64.16

$33 - $67

 

934,325

 

1.8

 

$

50.26

 

934,325

 

$

50.26

 

Summary of the status of the Company's unvested restricted stock grants and restricted stock units and changes during the period

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average Grant

 

Unvested Shares

Shares

    

Date Fair Value

 

 

 

 

 

 

 

Unvested at January 1, 2015

846,760

 

$

65.10

 

Granted

570,479

 

 

59.42

 

Forfeited

(106,205)

 

 

60.03

 

Vested

(410,624)

 

 

62.56

 

Unvested at December 31, 2015

900,410

 

$

63.26