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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2019
Share-based Payment Arrangement [Abstract] |
Share-based Compensation, Activity | A summary of activity for the year ended December 31, 2019 is presented below (number of shares in millions):
| Restricted Stock Units |  | Weighted Average Grant Date Fair Value |  | Performance Share Units (a) |  | Weighted Average Grant Date Fair Value |  | Options (e) |  | Weighted Average Exercise Price
Outstanding at January 1, 2019 | 2.2 |  |  | $ | 27.37 |  |  | 1.7 |  |  | $ | 28.10 |  |  | 3.7 |  |  | $ | 30.98 |
Granted | 2.5 |  |  | 13.41 |  |  | 0.9 |  |  | 11.06 |  |  | 0.8 |  |  | 13.44 |
Distributed/Exercised | (1.0) |  | (b) |  | 28.17 |  |  | (0.2) |  | (c) |  | 32.66 |  |  | — |  |  | — |
Forfeited/Expired | (0.3) |  |  | 18.81 |  |  | (0.1) |  |  | 19.35 |  |  | (0.4) |  |  | 28.74 |
Outstanding at December 31, 2019 | 3.4 |  |  | $ | 17.89 |  |  | 2.3 |  |  | $ | 19.16 |  |  | 4.1 |  | (d) |  | $ | 27.50 |
_______________ (a)The PSU amounts in the table are shown at the target amount of the award. (b)The total fair value of RSUs which were distributed during the year ended December 31, 2019 was $27 million. (c)The total fair value of PSUs which were distributed during the year ended December 31, 2019 was $8 million. (d)Options outstanding at December 31, 2019 have an intrinsic value of zero and have a weighted average remaining contractual life of 5.7 years. (e)As of December 31, 2019, 2.5 million of the 4.1 million outstanding stock options were exercisable with a weighted average exercise price of $32.19, an intrinsic value of zero and a weighted average remaining contractual life of 3.9 years.
Schedule of Market Performance Unit Award Valuation Assumptions | The fair value of the PSU RTSR awards was estimated on the date of grant using the Monte Carlo Simulation method utilizing the following assumptions:
| 2019 RTSR PSU |  | 2018 RTSR PSU |  | 2017 RTSR PSU
Weighted average grant date fair value | $ | 7.82 |  |  | $ | 25.45 |  |  | $ | 27.98 |
Weighted average expected volatility (a) | 34.8 | % |  | 29.8 | % |  | 29.0 | %
Weighted average volatility of S&P 400 | 13.5 | % |  |  |  |  |  |
Weighted average volatility of XHB |  |  |  | 17.9 | % |  | 18.4 | %
Weighted average correlation coefficient | 0.42 |  |  | 0.44 |  |  | 0.53 |
Weighted average risk-free interest rate | 2.5 | % |  | 2.6 | % |  | 1.5 | %
Weighted average dividend yield | — |  |  | — |  |  | — |
_______________ (a)Expected volatility is based on historical volatilities of the Company and select comparable companies.
Summary of Stock Options Valuation Assumptions | The fair value of the options was estimated on the date of grant using the Black-Scholes option-pricing model utilizing the following assumptions:
| 2019 Options |  | 2018 Options |  | 2017 Options
Weighted average grant date fair value | $ | 3.40 |  |  | $ | 7.12 |  |  | $ | 8.61 |
Weighted average expected volatility (a) | 31.4 | % |  | 28.5 | % |  | 30.7 | %
Weighted average expected term (years) (b) | 6.25 |  | 6.25 |  | 6.25
Weighted average risk-free interest rate (c) | 2.5 | % |  | 2.7 | % |  | 2.0 | %
Weighted average dividend yield | 2.7 | % |  | 1.4 | % |  | 1.2 | %
_______________ (a)Expected volatility was based on historical volatilities of the Company and select comparable companies. (b)The expected term of the options granted represents the period of time that options are expected to be outstanding and is based on the simplified method. (c)The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the time of the grant, which corresponds to the expected term of the options.

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- 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=116856206&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=116856206&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=116856206&loc=d3e5070-113901 + Details
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