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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Market Performance Unit Award Valuation Assumptions

	2016 RTSR PSU
Grant date fair value	$	28.15
Expected volatility	28.1		%
Volatility of XHB	19.4		%
Correlation coefficient	0.58
Risk-free interest rate	0.9		%
Dividend yield	—

Schedule of Nonvested Share Activity

A summary of RSU activity for the three months ended March 31, 2016 is presented below (number of shares in millions):

	Restricted Stock Units			Weighted Average Grant Date Fair Value
Unvested at January 1, 2016	1.02			$	46.36
Granted	0.77			32.65
Vested (a)	(0.33	)		46.84
Forfeited	—			—
Unvested at March 31, 2016	1.46			$	39.04

______________

(a) The total fair value of RSUs which vested during the three months ended March 31, 2016 was $15 million.

A summary of PSU activity for the three months ended March 31, 2016 is presented below (number of shares in millions):

	Performance Share Units (a)			Weighted Average Grant Date Fair Value
Unvested at January 1, 2016	0.86			$	44.97
Granted	0.21			28.15
Vested (b)	(0.03	)		46.47
Forfeited	—			—
Unvested at March 31, 2016	1.04			$	41.51

______________

(a) The PSU amounts in the table are shown at the target amount of the award.

(b) The total fair value of PSUs which vested during the three months ended March 31, 2016 was $1 million.

Summary of Stock Options Valuation Assumptions

	2016 Options
Grant date fair value	$	10.97
Expected volatility	31.7		%
Expected term (years)	6.25
Risk-free interest rate	1.3		%
Dividend yield	—

Summary of Stock Options Activity

A summary of stock option unit activity for the three months ended March 31, 2016 is presented below (number of shares in millions):

	Options			Weighted Average Exercise Price
Outstanding at January 1, 2016	3.15			$	31.42
Granted	0.30			32.63
Exercised	(0.01	)		20.77
Forfeited/Expired	(0.01	)		32.28
Outstanding at March 31, 2016 (a)	3.43			$	31.55

______________

(a) Options outstanding at March 31, 2016 have an intrinsic value of $31 million and have a weighted average remaining contractual life of 6.7 years.

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of market performance unit awards.

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Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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