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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Options Granted
A summary of the options granted (all of which vest over three years), outstanding and available for grant under these plans follows (in millions):

 
FIS Plan
MV Plan
FIS Restated Plan
Available for grant as of December 31, 2012
1.8

8.5

—

Granted in 2013
—

—

4.2

Outstanding as of December 31, 2013
—

—

13.5

Available for grant as of December 31, 2013
—

—

11.7

Granted in 2014
—

—

4.4

Outstanding as of December 31, 2014
—

—

15.3

Available for grant as of December 31, 2014
—

—

6.7

Schedule of Stock Option Activity
The following schedule summarizes the stock option activity for the years ended December 31, 2014, 2013 and 2012 (in millions except for per share amounts):
 
Shares
 
Weighted
Average
Exercise Price
Balance, December 31, 2011
30.4

 
$
21.78

Granted
2.0

 
33.97

Exercised
(16.2
)
 
20.62

Cancelled
(0.4
)
 
25.50

Balance, December 31, 2012
15.8

 
24.39

Granted
4.2

 
48.64

Exercised
(6.1
)
 
22.64

Cancelled
(0.1
)
 
31.58

Balance, December 31, 2013
13.8

 
32.49

Granted
4.4

 
58.72

Exercised
(2.7
)
 
22.69

Cancelled
(0.1
)
 
46.21

Balance, December 31, 2014
15.4

 
41.56


Schedule of Stock Options Outstanding and Exercisable
The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2014:

 
Outstanding Options
 
Exercisable Options
Range of Exercise Price
Number
of
Options
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Intrinsic
Value as of
December 31,
2014 (a)
 
Number of Options
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Intrinsic
Value as of
December 31,
2014 (a)
 
(In millions)
 
 
 
 
 
(In millions)
 
(In millions)
 
 
 
 
 
(In millions)
$ 0.00 - $22.55
1.7

 
1.83
 
$
20.05

 
$
69.9

 
1.7

 
1.83
 
$
20.05

 
$
69.9

$22.56 - $25.76
1.7

 
3.82
 
25.66

 
61.9

 
1.7

 
3.82
 
25.66

 
61.9

$25.77 - $27.40
2.0

 
2.81
 
27.10

 
69.2

 
2.0

 
2.81
 
27.10

 
69.2

$27.41 - $34.33
1.6

 
4.58
 
33.50

 
45.1

 
1.0

 
4.46
 
33.27

 
29.3

$34.34 - $48.75
4.1

 
5.83
 
48.66

 
55.6

 
0.0

 
5.14
 
39.54

 
0.6

$48.76 - $64.04
4.3

 
6.86
 
58.72

 
15.1

 
—

 
N/A
 
—

 
—

$  0.00 - $64.04
15.4

 
4.95
 
$
41.56

 
$
316.8

 
6.4

 
3.10
 
$
25.91

 
$
230.9

_________________________
(a)
Intrinsic value is based on a closing stock price as of December 31, 2014 of $62.20.
Schedule of Stock Option Valuation Assumptions
The weighted average fair value of options granted during the years ended December 31, 2014, 2013 and 2012 was estimated to be $9.15, $7.85 and $8.08, respectively, using the Black-Scholes option pricing model with the assumptions below:
 
2014
 
2013
 
2012
Risk free interest rate
1.4
%
 
1.0
%
 
0.6
%
Volatility
21.2
%
 
23.3
%
 
35.8
%
Dividend yield
1.6
%
 
1.8
%
 
2.4
%
Weighted average expected life (years)
4.2

 
4.2

 
4.3