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Capital Stock (Tables)
9 Months Ended
Sep. 30, 2014
Capital [Abstract]  
Summary of Cash Dividend Activity
A summary of the cash dividend activity for the nine months ended September 30, 2014 and 2013 is as follows: 
Declaration Date
 
Record Date
 
Payment Date
 
Cash
Dividend
per Share
 
Total
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
January 28, 2014
 
March 10, 2014
 
March 25, 2014
 
$0.4375
 
$123.4
April 29, 2014
 
June 10, 2014
 
June 25, 2014
 
$0.4375
 
$120.5
July 29, 2014
 
September 10, 2014
 
September 25, 2014
 
$0.4375
 
$119.2
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
February 20, 2013
 
March 8, 2013
 
March 25, 2013
 
$0.3750
 
$113.4
May 15, 2013
 
June 10, 2013
 
June 25, 2013
 
$0.3750
 
$112.7
July 23, 2013
 
September 10, 2013
 
September 25, 2013
 
$0.3750
 
$111.4
Summary of Share Repurchases
A summary of common stock repurchases for the period October 1, 2014 through October 15, 2014 (subsequent to September 30, 2014) and for the nine months ended September 30, 2014 and 2013 is as follows:
 
October 1, 2014 
 Through 
 October 15, 2014
 
Nine Months Ended 
 September 30
 
 
2014
 
2013
Shares repurchased
0.6

 
27.6

 
15.6

Average price per share
$
119.64

 
$
96.20

 
$
74.86

Aggregate cost
$
75.9

 
$
2,655.8

 
$
1,170.4

Authorization remaining at the end of each period
$
5,958.9

 
$
1,034.8

 
$
4,166.5

Summary of Stock Option Activity
A summary of stock option activity for the nine months ended September 30, 2014 is as follows:
 
Number of
Shares
 
Weighted-
Average
Option Price
per Share
 
Weighted-
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2014
10.0

 
$
65.38

 
 
 
 
Granted
1.8

 
90.31

 
 
 
 
Exercised
(3.8
)
 
67.26

 
 
 
 
Forfeited or expired
(0.3
)
 
68.46

 
 
 
 
Outstanding at September 30, 2014
7.7

 
70.15

 
3.72
 
$
382.3

Exercisable at September 30, 2014
5.2

 
65.95

 
2.66
 
$
278.7

Summary of Nonvested Restricted Stock Activity Including Restricted Stock Units
A summary of the status of nonvested restricted stock activity, including restricted stock units, for the nine months ended September 30, 2014 is as follows:
 
Restricted
Stock Shares
and Units
 
Weighted-
Average
Grant Date
Fair Value
per Share
Nonvested at January 1, 2014
4.2

 
$
63.83

Granted
1.4

 
90.37

Vested
(1.7
)
 
64.20

Forfeited
(0.4
)
 
68.05

Nonvested at September 30, 2014
3.5

 
73.71

Schedule of Fair Values of Options Granted During The Period Estimated Using Weighted-Average Assumptions
The following weighted-average assumptions were used to estimate the fair values of options granted during the nine months ended September 30, 2014 and 2013:
 
2014
 
2013
Risk-free interest rate
2.16
%
 
1.25
%
Volatility factor
35.00
%
 
35.00
%
Quarterly dividend yield
0.50
%
 
0.60
%
Weighted-average expected life (years)
3.75

 
4.00

Schedule of Weighted-Average Fair Values Determined For The Periods
The following weighted-average fair values were determined for the nine months ended September 30, 2014 and 2013: 
 
2014
 
2013
Options granted during the period
$
22.40

 
$
14.60

Restricted stock awards granted during the period
90.37

 
62.69