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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2019
Stock-Based Compensation Plans  
Stock-Based Compensation Disclosures (Table)

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For the year ended December 31, 

 

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2019

    

2018

    

2017

 

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(in millions)

 

Compensation cost

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$

78.7

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$

77.5

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$

80.6

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Related income tax benefit

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16.8

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16.7

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27.1

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Capitalized as part of an asset

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1.7

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1.9

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2.5

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Nonqualified Stock Options Status (Table)

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Weighted-

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average

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Number of options

    

exercise price

    

Intrinsic value

 

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(in millions)

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(in millions)

 

Options outstanding as of January 1, 2019

 

4.2

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$

46.77

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Granted

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1.2

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53.09

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Exercised

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0.1

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32.59

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Options outstanding as of December 31, 2019

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5.3

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$

48.42

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$

46.6

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Options vested or expected to vest as of December 31, 2019

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5.3

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$

48.41

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$

46.6

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Options exercisable as of December 31, 2019

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3.5

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$

44.07

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$

44.4

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

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Weighted-

 

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Number of options

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average remaining

 

Range of exercise prices

    

outstanding

    

contractual life

 

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(in millions)

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$21.70 - $32.32

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0.7

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2.5

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$32.33 - $42.95

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1.0

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5.3

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$42.96 - $53.58

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2.2

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7.1

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$53.59 - $64.22

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1.4

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7.7

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$21.70 - $64.22

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5.3

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Nonqualified Stock Options Fair Value (Table)

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For the year ended December 31, 

 

Options

    

2019

    

2018

    

2017

 

Expected volatility

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23.3

%  

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26.0

%  

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27.6

%

Expected term (in years)

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7.0

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7.0

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7.0

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Risk-free interest rate

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2.6

%  

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2.8

%  

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2.2

%

Expected dividend yield

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4.07

%  

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3.19

%  

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2.87

%

Weighted average estimated fair value

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$

10.00

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$

14.85

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$

15.31

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Nonvested Performance Share Awards Activity (Table)

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Number of

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Weighted-

 

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performance

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average grant-date

 

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share awards

    

fair value

 

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(in millions)

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Nonvested performance share awards as of January 1, 2019

 

0.6

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$

52.50

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Granted

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0.2

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53.09

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Vested

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0.3

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37.38

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Nonvested performance share awards as of December 31, 2019

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0.5

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$

59.26

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Nonvested Restricted Stock Units Activity (Table)

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Number of

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Weighted-

 

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restricted

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average grant-date

 

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stock units

    

fair value

 

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(in millions)

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Nonvested restricted stock units as of January 1, 2019

 

2.7

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$

52.17

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Granted

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1.1

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53.17

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Vested

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1.2

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38.07

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Nonvested restricted stock units as of December 31, 2019

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2.6

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$

59.15

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