SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Share-based Compensation Activity

Share-based compensation activity in first quarter 2018 included the following:

SHARES IN THOUSANDS	Granted	Vested
Restricted Stock Units (RSUs)	673	576
Performance Share Units (PSUs)	344	110

Weighted Average Assumptions Used in Estimating the Value of Performance Share Units Granted

Weighted Average Assumptions Used in Estimating the Value of Performance Share Units Granted in 2018

	Performance Share Units
Performance period	1/1/2018		–	12/31/2020
Valuation date average stock price(1)				$34.14
Expected dividends				3.81%
Risk-free rate	1.75	%	–	2.34%
Expected volatility	17.30	%	–	21.52%

(1) Calculated as an average of the high and low prices on grant date.