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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Stock-Based Compensation Plans  
Stock-Based Compensation Disclosures (Table)

                                                                                                                                                                                    

 

 

For the year ended
December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

(in millions)

 

Compensation cost

 

$

69.7 

 

$

66.2 

 

$

65.2 

 

Related income tax benefit

 

 

22.5 

 

 

21.6 

 

 

20.0 

 

Capitalized as part of an asset

 

 

2.2 

 

 

2.5 

 

 

2.6 

 

 

Nonqualified Stock Options Status (Table)

                                                                                                                                                                                    

 

 

Number of options

 

Weighted-
average
exercise price

 

Intrinsic value

 

 

 

(in millions)

 

 

 

(in millions)

 

Options outstanding at January 1, 2015

 

 

8.6 

 

$

42.68 

 

 

 

 

Granted

 

 

0.6 

 

 

51.33 

 

 

 

 

Exercised

 

 

1.3 

 

 

40.00 

 

 

 

 

Expired

 

 

0.2 

 

 

48.21 

 

 

 

 

​  

​  

Options outstanding at December 31, 2015

 

 

7.7 

 

$

43.71 

 

$

63.4 

 

​  

​  

​  

​  

Options vested or expected to vest at December 31, 2015

 

 

7.7 

 

$

43.70 

 

$

63.4 

 

​  

​  

​  

​  

Options exercisable at December 31, 2015

 

 

6.5 

 

$

43.47 

 

$

59.7 

 

​  

​  

​  

​  

 

Nonqualified Stock Options Remaining Contractual Lives and Range of Exercise Prices (Table)

                                                                                                                                                                                    

Range of exercise prices

 

Number of options
outstanding

 

Weighted-
average remaining
contractual life

 

 

 

(in millions)

 

 

 

$11.07 - $21.69

 

 

0.8 

 

 

3.2 

 

$21.70 - $32.32

 

 

1.8 

 

 

6.0 

 

$32.33 - $42.95

 

 

0.4 

 

 

5.2 

 

$42.96 - $53.58

 

 

1.8 

 

 

5.8 

 

$53.59 - $64.22

 

 

2.9 

 

 

1.7 

 

​  

​  

$11.07 - $64.22

 

 

7.7 

 

 

4.0 

 

​  

​  

​  

​  

 

Nonqualified Stock Options Fair Value (Table)

                                                                                                                                                                                    

 

 

For the year ended
December 31,

 

Options

 

2015

 

2014

 

2013

 

Expected volatility

 

 

52.2 

%

 

53.2 

%

 

53.3 

%

Expected term (in years)

 

 

6.5 

 

 

6.5 

 

 

6.5 

 

Risk-free interest rate

 

 

1.8 

%

 

2.0 

%

 

1.1 

%

Expected dividend yield

 

 

2.81 

%

 

2.50 

%

 

3.00 

%

Weighted average estimated fair value

 

$

20.43 

 

$

18.89 

 

$

11.95 

 

 

Nonvested Performance Share Awards Activity (Table)

                                                                                                                                                                                    

 

 

Number of
performance
share awards

 

Weighted-
average grant-date
fair value

 

 

 

(in millions)

 

 

 

Nonvested performance share awards at January 1, 2015

 

 

1.0 

 

$

33.01 

 

Granted

 

 

0.3 

 

 

51.33 

 

Vested

 

 

0.4 

 

 

27.46 

 

​  

​  

Nonvested performance share awards at December 31, 2015

 

 

0.9 

 

$

41.57 

 

​  

​  

​  

​  

 

Nonvested Restricted Stock Units Activity (Table)

                                                                                                                                                                                    

 

 

Number of
restricted
stock units

 

Weighted-
average grant-date
fair value

 

 

 

(in millions)

 

 

 

Nonvested restricted stock units at January 1, 2015

 

 

3.1 

 

$

33.87 

 

Granted

 

 

0.9 

 

 

51.35 

 

Vested

 

 

1.0 

 

 

27.93 

 

​  

​  

Nonvested restricted stock units at December 31, 2015

 

 

3.0 

 

$

41.32 

 

​  

​  

​  

​