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Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Fair Values for Stock-based Awards Granted Using Black-Scholes Option Pricing Model

The fair values for option awards granted in 2015, 2014 and 2013 were estimated at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:

For the Year Ended December 31,

2015

2014

2013

Weighted-average fair value of grants

$

2.35

$

2.43

$

5.31

Risk-free interest rate (range) – Based upon the U.S. Treasury Strip    with a maturity date that approximates the expected term of the award

1.4%–1.6%

1.2%–1.4%

0.9%–1.8%

Dividend yield (range) – Forecasted dividend yield based on the    expected life

4.1%–4.3%

4.5%–4.6%

4.1%–4.5%

Expected life (range) – Derived by referring to actual exercise experience

4–5 years

4–5 years

5–6 years

Expected volatility (range) – Derived by using a 50/50 blend of implied    and historical changes in the Company's historical stock prices over a    time frame consistent with the expected life of the award

21.5%–23.4%

24.7%–28.5%

49.2%–52.5%

Summary of Stock Option Activity

The following table reflects the stock option activity described above:

					Weighted-				Weighted- Average				Aggregate
	Number of Options (Thousands)				Average Exercise Price				Remaining Contractual Term (Years)				Intrinsic Value (Thousands)
Balance December 31, 2012		2,596			$	25.70
Granted		345				16.91
Exercised		(87	)			9.25
Forfeited		(193	)			28.10
Balance December 31, 2013		2,661				24.77
Granted		774				16.61
Exercised		(154	)			10.02
Forfeited		(320	)			33.40
Balance December 31, 2014		2,961				22.48
Granted		557				19.26
Exercised		(234	)			12.85
Forfeited		(472	)			36.51
Balance December 31, 2015		2,812			$	20.29				5.6			$	6,867
Options exercisable at December 31,
2015		1,760			$	21.69				4.2			$	6,764
2014		1,922				25.75				4.0				9,077
2013		2,052				27.53				4.1				6,491

Summary of Characteristics of Options Outstanding

The following table summarizes the characteristics of the options outstanding at December 31, 2015 (in thousands):

		Options Outstanding												Options Exercisable
Range of Exercise Prices		Outstanding at 12/31/15				Weighted-Average Remaining Contractual Life (Years)				Weighted-Average Exercise Price				Exercisable at 12/31/15				Weighted-Average Exercise Price
$0.00–$12.00			566				3.3			$	6.92				566			$	6.92
$12.01–$16.00			371				5.7				13.85				371				13.85
$16.01–$21.00			1,415				7.9				17.64				363				16.76
$21.01–$69.50			460				1.5				50.09				460				50.09
			2,812				5.6			$	20.29				1,760			$	21.69

Activities for Unvested Stock Option Awards

The following table reflects the activity for unvested stock option awards for the year ended December 31, 2015 (options in thousands):

	Options				Weighted-Average Grant Date Fair Value
Unvested at December 31, 2014		1,039			$	3.23
Granted		557				2.35
Vested		(438	)			3.64
Forfeited		(106	)			2.71
Unvested at December 31, 2015		1,052			$	2.64

Summary of Activity of Employee Stock Option Exercises

The following table summarizes the activity of employee stock option exercises that are primarily settled with newly issued common shares or with treasury shares, if available (in millions):  

	For the Year Ended December 31,
	2015				2014				2013
Cash received for exercise price	$	2.5			$	1.5			$	0.8
Intrinsic value		1.2				1.1				0.7

VSEP grants [Member]

Summary of Fair Value of Value Sharing Equity Program Grants

The fair value of the 2013 VSEP awards was estimated on the date of grant using a Monte Carlo approach model based on the following assumptions:

	Range
Risk-free interest rate		0.36%
Weighted-average dividend yield		4.0%
Expected life	3 years
Expected volatility	18%–24%

Activities for Unvested Restricted Stock Awards

The following table reflects the activity for the unvested awards pursuant to all restricted stock grants and grants pursuant to VSEP plans for the year ended December 31, 2015 (awards in thousands):

	Awards				Weighted-Average Grant Date Fair Value
Unvested at December 31, 2014		1,165			$	16.00
Granted		240				19.06
Vested		(582	)			15.83
Forfeited		(81	)			16.98
Unvested at December 31, 2015		742			$	17.03

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- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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