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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2014
Equity [Abstract] |
Summary of Cash Dividends Paid | The following table shows our total cash dividends paid in the three years ended December 31:
|  |  |  |  |  | Total Cash Dividends |
(In millions, except per share amounts) |  | Total Cash Dividends Paid |  |  | Paid Per Common Share |
2012 |  | $ | 100.9 |  |  | $ | 0.52 |
2013 |  |  | 102.0 |  |  |  | 0.52 |
2014 |  |  | 110.9 |  |  |  | 0.52 |
Total |  | $ | 313.8 |  |  |  |  |
Summary of Changes in Common Stock | The following is a summary of changes during the three years ended December 31, 2014 in shares of our common stock:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Changes in common stock: |  |  |  |  |  |  |  |  |  |  |  |
Number of shares, beginning of year |  |  | 205,707,580 |  |  |  | 204,660,621 |  |  |  | 202,528,616 |
Shares issued for Grace Settlement |  |  | 18,000,000 |  |  |  | — |  |  |  | — |
Shares awarded for 2011 Three-Year PSU awards |  |  | 145,597 |  |  |  | — |  |  |  | — |
Shares awarded for 2010 Three-year PSU awards |  |  | — |  |  |  | 472,865 |  |  |  | — |
Shares awarded for 2009 Three-year PSU awards |  |  | — |  |  |  | — |  |  |  | 1,155,018 |
Restricted stock shares issued for new awards under the Omnibus Incentive Plan and 2005 Contingent Stock Plan |  |  | 572,089 |  |  |  | 398,230 |  |  |  | 703,620 |
Shares granted and issued under the Directors Stock Plan |  |  | 21,128 |  |  |  | 25,993 |  |  |  | 37,824 |
Restricted stock shares issued for SLO awards |  |  | 101,062 |  |  |  | 51,321 |  |  |  | 135,343 |
Shares issued for vested restricted stock units |  |  | 136,197 |  |  |  | 98,550 |  |  |  | 100,200 |
Number of shares issued, end of year |  |  | 224,683,653 |  |  |  | 205,707,580 |  |  |  | 204,660,621 |
Changes in common stock in treasury: |  |  |  |  |  |  |  |  |  |  |  |
Number of shares held, beginning of year |  |  | 9,508,908 |  |  |  | 10,102,952 |  |  |  | 10,466,431 |
Purchase of shares during the period |  |  | 5,427,432 |  |  |  | — |  |  |  | — |
Profit sharing contribution partially paid in stock |  |  | (965,238 | ) |  |  | (857,754 | ) |  |  | (930,089 | )
Restricted stock, withheld or forfeited |  |  | 180,657 |  |  |  | 263,710 |  |  |  | 566,610 |
Number of shares held, end of year |  |  | 14,151,759 |  |  |  | 9,508,908 |  |  |  | 10,102,952 |
Summary of Changes in Common Shares Available for Awards under 2005 Omnibus Plan and Predecessor Plans | A summary of the changes in common shares available for awards under the Omnibus Incentive Plan and Predecessor Plans follows:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Number of shares available, beginning of year |  |  | 5,676,699 |  |  |  | 6,588,352 |  |  |  | 8,132,220 |
Newly registered shares under Omnibus Incentive Plan |  |  | 4,250,000 |  |  |  | — |  |  |  | — |
Restricted stock shares issued for new awards under the Omnibus Incentive Plan and 2005 Contingent Stock Plan |  |  | (572,089 | ) |  |  | (398,230 | ) |  |  | (703,620 | )
Restricted stock units awarded |  |  | (431,987 | ) |  |  | (187,595 | ) |  |  | (191,700 | )
Restricted stock shares issued for SLO awards |  |  | (96,773 | ) |  |  | (21,505 | ) |  |  | (3,788 | )
Restricted stock units awarded for SLO awards |  |  | (48,528 | ) |  |  | (51,033 | ) |  |  | (6,795 | )
Shares issued for 2011 Two-year PSU awards |  |  | (145,597 | ) |  |  | — |  |  |  | — |
Shares issued for 2010 Three-year PSU awards |  |  | — |  |  |  | (472,865 | ) |  |  | — |
Shares issued for 2009 Three-year PSU awards |  |  | — |  |  |  | — |  |  |  | (1,155,018 | )
Restricted stock shares forfeited |  |  | 106,220 |  |  |  | 40,100 |  |  |  | 41,700 |
Restricted stock units forfeited |  |  | 9,800 |  |  |  | 3,500 |  |  |  | 12,200 |
Shares withheld for taxes |  |  | 74,437 |  |  |  | 223,610 |  |  |  | 524,910 |
Director shares granted and issued |  |  | (21,128 | ) |  |  | (25,993 | ) |  |  | (37,824 | )
Director shares granted and deferred |  |  | (20,444 | ) |  |  | (21,642 | ) |  |  | (23,933 | )
Number of shares available, end of year |  |  | 8,780,610 |  |  |  | 5,676,699 |  |  |  | 6,588,352 |
Weighted average per share market value of awards on grant date |  | $ | 32.70 |  |  | $ | 27.20 |  |  | $ | 17.19 |
Non-vested Awards under Omnibus Plan and Predecessor Plans | The above table excludes approximately 4.8 million of contingently issuable shares under the PSU and SLO awards, which represents the maximum number of shares that could be issued under those plans as of December 31, 2014. The following tables show the details of the non-vested awards under the Omnibus Incentive Plan and Predecessor Plans, excluding SLO and PSU awards:
|  |  |  |  |  | Weighted-Average per |
|  |  |  |  |  | Share Market Value |
|  | 2014 |  |  | on Grant Date |
Number of non-vested restricted stock shares, beginning of Year |  |  | 1,397,350 |  |  | $ | 21.73 |
Restricted stock shares issued for new awards during the year |  |  | 572,089 |  |  |  | 32.64 |
Restricted stock shares vested during the year |  |  | (301,250 | ) |  |  | 27.54 |
Restricted stock shares forfeited during the year |  |  | (106,220 | ) |  |  | 22.45 |
Number of non-vested restricted stock shares, end of year |  |  | 1,561,969 |  |  | $ | 25.09 |
The non-vested restricted stock shares included above had a weighted-average remaining contractual life of approximately 1.4 years at December 31, 2014.
|  |  |  |  |  | Weighted-Average per |
|  |  |  |  |  | Share Market Value |
Non-vested Restricted Stock Units Awards |  | 2014 |  |  | on Grant Date |
Number of non-vested restricted stock units, beginning of year |  |  | 506,345 |  |  | $ | 22.92 |
Restricted stock units issued for new awards during the year |  |  | 431,987 |  |  |  | 32.20 |
Restricted stock units vested during the year |  |  | (137,197 | ) |  |  | 33.06 |
Restricted stock units forfeited during the year |  |  | (9,800 | ) |  |  | 23.89 |
Number of non-vested restricted stock units, end of year |  |  | 791,335 |  |  | $ | 27.66 |
The non-vested restricted stock units included above had a weighted-average remaining contractual life of approximately 1.6 years at December 31, 2014.
Non-vested Cash Awards |  | 2014 |
Number of non-vested cash awards, beginning of year |  |  | 170,848 |
Cash awards issued for new awards during the year |  |  | 127,276 |
Cash awards vested during the year |  |  | (25,850 | )
Cash awards forfeited during the year |  |  | (14,500 | )
Number of non-vested cash awards, end of year |  |  | 257,774 |
Total Share-based Incentive Compensation Expense | The table below shows our total share-based incentive compensation expense:
(in millions) |  | 2014 |  |  | 2013 |  |  | 2012 |
2014 Special PSU Awards |  | $ | 11.8 |  |  | $ | — |  |  | $ | — |
2014 Three-year PSU Awards |  |  | 6.8 |  |  |  | — |  |  |  | — |
2013 Three-year PSU Awards |  |  | 8.2 |  |  |  | 4.4 |  |  |  | — |
2012 Three-year PSU Awards |  |  | 1.8 |  |  |  | 2.4 |  |  |  | 1.9 |
2011 Three-year PSU Awards |  |  | — |  |  |  | (1.2 | ) |  |  | 1.7 |
2010 Three-year PSU Awards |  |  | — |  |  |  | 0.1 |  |  |  | 0.9 |
2013 WVH Incentive Compensation(1) |  |  | 1.3 |  |  |  | 2.5 |  |  |  | — |
2012 CEO Incentive Compensation |  |  | — |  |  |  | — |  |  |  | — |
2012 President & COO Four-year Incentive Compensation(2) |  |  | 0.4 |  |  |  | 0.6 |  |  |  | 0.2 |
SLO Awards |  |  | 4.6 |  |  |  | 2.8 |  |  |  | 0.7 |
Other long-term share-based incentive compensation programs(3) |  |  | 19.2 |  |  |  | 12.5 |  |  |  | 11.5 |
Total share-based incentive compensation expense(4) |  | $ | 54.1 |  |  | $ | 24.1 |  |  | $ | 16.9 |
Associated tax benefits recognized |  | $ | 15.7 |  |  | $ | 7.8 |  |  | $ | 6.2 |
(1) | On February 28, 2013, the Organization and Compensation Committee of our Board of Directors (“O&C Committee”) approved a change in the vesting policy regarding the existing 2011 Three-year PSU awards, and the newly granted 2013 three-year PSU awards, for William V. Hickey, our former Chairman and Chief Executive Officer. The approved change will result in the full vesting of the awards, rather than a pro-rata portion vesting as of the date of his retirement (May 16, 2013). Mr. Hickey’s awards will still be subject to the performance metrics stipulated in the plan documents, and will be paid-out in accordance with the original planned timing. As a result of these approved changes, the expense related to these awards was accelerated and recognized over the applicable service period up until the date of his retirement. We recognized share-based compensation expense related to these awards of $1.3 million in the year ended December 31, 2014 and $2.5 million in the year ended December 31, 2013.
(2) | The amount includes only the two initial equity awards. See below for further detail.
(3) | The amount includes the expenses associated with the restricted stock shares, restricted stock units and cash awards.
(4) | The amounts do not include the expense related to our U.S. profit sharing contributions made in the form of our common stock as such these contributions are not considered share-based incentive compensation.
Estimated Amount of Total Share-based Incentive Compensation Expense | The following table shows the estimated amount of total share-based incentive compensation expense expected to be recognized over the remaining respective vesting periods by program at December 31, 2014:
(In millions) |  | 2015 |  |  | 2016 |  |  | 2017 |  |  | Total |
2014 Special PSU Awards |  | $ | 10.7 |  |  | $ | 10.2 |  |  | $ | 4.4 |  |  | $ | 25.3 |
2014 Three-year PSU Awards |  |  | 5.2 |  |  |  | 4.6 |  |  |  | — |  |  |  | 9.8 |
2013 Three-year PSU Awards |  |  | 5.4 |  |  |  | — |  |  |  | — |  |  |  | 5.4 |
2013 WVH Incentive Compensation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
2012 President & COO Four-year Incentive Compensation |  |  | 0.3 |  |  |  | 0.2 |  |  |  | — |  |  |  | 0.5 |
SLO Awards |  |  | 1.0 |  |  |  | — |  |  |  | — |  |  |  | 1.0 |
Total share-based incentive compensation expense (1) |  | $ | 22.6 |  |  | $ | 15.0 |  |  | $ | 4.4 |  |  | $ | 42.0 |
(1) | The amounts do not include the expense related to our U.S. profit sharing contributions made in the form of our common stock as such these contributions are not considered share-based incentive compensation.

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