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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2019
Share Based Compensation [Abstract]  
Schedule of Restricted Stock Units Activity

Activity

The following table shows our RSU activity for 2019:

 

 

 

RESTRICTED

STOCK UNITS

(IN THOUSANDS)

 

 

WEIGHTED

AVERAGE

GRANT-DATE

FAIR VALUE

 

Nonvested at December 31, 2018

 

 

1,593

 

 

$

31.41

 

Granted

 

 

865

 

 

$

25.83

 

Vested

 

 

(582

)

 

$

30.34

 

Forfeited

 

 

(87

)

 

$

29.40

 

 

 

 

 

 

 

 

 

 

Nonvested at December 31, 2019(1)

 

 

1,789

 

 

$

29.15

 

 

 

 

 

 

 

 

 

 

 

(1)

As of December 31, 2019, there were approximately 526 thousand RSUs that had met the requisite service period and will be released as identified in the grant terms.
Weighted Average Assumptions Used in Estimating the Value of Performance Share Units

Weighted Average Assumptions Used in Estimating the Value of PSUs

 

 

 

2019

GRANTS

 

 

2018

GRANTS

 

 

2017

GRANTS

 

Performance period

 

1/1/2019-12/31/2021

 

 

1/1/2018-12/31/2020

 

 

1/1/2017-12/31/2019

 

Expected dividends

 

5.25%

 

 

3.81%

 

 

3.74%

 

Risk-free rate

 

2.43% - 2.55%

 

 

1.75% - 2.34%

 

 

0.68% - 1.55%

 

Volatility

 

22.50% - 27.40%

 

 

17.30% - 21.52%

 

 

22.71% - 24.07%

 

Weighted average grant-date fair value

 

$

29.66

 

 

$

35.49

 

 

$

37.93

 
Schedule of Performance Share Units Activity

Activity

The following table shows our PSU activity for 2019:

 

 

 

GRANTS

(IN THOUSANDS)

 

 

WEIGHTED

AVERAGE

GRANT-DATE

FAIR VALUE

 

Nonvested at December 31, 2018

 

 

1,042

 

 

$

31.52

 

Granted at target

 

 

419

 

 

 

29.66

 

Vested

 

 

(153

)

 

 

22.80

 

Forfeited

 

 

(26

)

 

 

34.05

 

Performance adjustment

 

 

(233

)

 

 

22.80

 

 

 

 

 

 

 

 

 

 

Nonvested at December 31, 2019(1)

 

 

1,049

 

 

$

33.93

 

 

 

 

 

 

 

 

 

 

 

(1)

As of December 31, 2019, there were approximately 519 thousand PSUs that had met the requisite service period and will be released as identified in the grant terms.
Schedule of Stock Options Activity

Activity

The following table shows our stock option activity for 2019:

 

 

 

OPTIONS

(IN THOUSANDS)

 

 

WEIGHTED

AVERAGE

EXERCISE

PRICE

 

 

WEIGHTED

AVERAGE

REMAINING

CONTRACTUAL

TERM

(IN YEARS)

 

 

AGGREGATE

INTRINSIC

VALUE

(IN MILLIONS)

 

Outstanding at December 31, 2018

 

 

6,366

 

 

$

26.75

 

 

 

 

 

 

 

 

 

Exercised

 

 

(661

)

 

$

19.16

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(430

)

 

$

31.63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019(1)

 

 

5,275

 

 

$

27.30

 

 

 

4.61

 

 

$

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2019

 

 

4,678

 

 

$

27.84

 

 

 

4.42

 

 

$

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

As of December 31, 2019, there were approximately 324 thousand stock options that had met the requisite service period and will be released as identified in the grant terms.