XML 83 R44.htm IDEA: XBRL DOCUMENT v3.20.4

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Option Activity

The following summarizes stock option activity: 

			Option Shares																		Weighted Average Exercise Price
(in millions, except per share data)			2020						2019						2018						2020						2019						2018
Outstanding, at beginning of year			2.3						2.4						2.3						$	13.87					$	12.51					$	11.08
Granted			0.3						0.2						0.3						27.82						27.29						23.14
Exercised			(0.6)						(0.3)						(0.2)						7.85						13.12						9.49
Canceled or expired			—						—						—						26.44						21.99						18.03
Outstanding, at end of year			2.0						2.3						2.4						$	17.52					$	13.87					$	12.51
Exercisable, at end of year			1.5						1.9						1.8						$	14.37					$	11.28					$	10.59

Summary of Information Concerning Stock Options Outstanding

The following table summarizes information for stock options outstanding as of December 31, 2020 under all plans:

			Options Outstanding																		Options Exercisable
Range of Exercise Prices			Shares						Weighted Average Remaining Life						Weighted Average Exercise Price						Shares						Weighted Average Exercise Price
			(in millions)						(in years)												(in millions)
$5.01 — 10.00			0.3						2.0						$	7.54					0.3						$	7.54
10.01 — 15.00			0.6						4.8						13.15						0.6						13.15
15.01 — 20.00			0.4						5.2						16.50						0.4						16.50
20.01 — 25.00			0.2						7.4						23.14						0.1						23.14
25.01 — 30.00			0.5						8.9						27.59						0.1						27.29
			2.0						5.7						$	17.52					1.5						$	14.37

Summary of Restricted Stock Grants

The following table summarizes restricted stock activity for the year ended December 31, 2020:

			Number of Restricted Shares						Weighted Average Price per Share
			(in millions)
Outstanding and non-vested, at December 31, 2019			0.2						$	22.53
Granted			0.1						27.85
Vested			(0.1)						18.40
Forfeited			—						25.96
Outstanding and non-vested, at December 31, 2020			0.2						$	26.18

Equity Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Assumptions Used to Calculate Fair Value

The fair value of each option grant was estimated using the Black-Scholes option pricing model with the following weighted average assumptions:

			2020						2019						2018
Dividend yield			1.2		%				1.2		%				1.4		%
Expected volatility			33		%				32		%				32		%
Risk free interest rate			0.5		%				2.4		%				2.9		%
Weighted average expected option life in years			6.2						6.3						5.9

PSUs

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Compensation, Activity

The following table summarizes PSU activity for the year ended December 31, 2020:

			Number of PSUs						Weighted Average Price per Share
			(in millions)
Outstanding and non-vested, at December 31, 2019			0.3						$	24.37
Granted (a)			0.2						25.83
Vested			(0.3)						22.45
Forfeited			—						26.09
Outstanding and non-vested, at December 31, 2020			0.2						$	27.60

(a)    Includes 0.1 million PSUs, representing the effect of the PSUs granted in 2018 being earned at 156% of target. The PSUs granted in 2018 vested on December 31, 2020.

X

- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_StockOptionMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: