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Management Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2016

Total shares available for awards and total shares subject to outstanding awards are as follows:

______________________________


⁽¹⁾	No RSUs remain outstanding under the 2004 Stock Incentive Plan.

The Company realized income tax benefits from stock option exercises and RSU vestings as follows:



	Year Ended December 31,
	2016	2015	2014
	(In $ millions)
Income tax benefit realized	7	2	2
Amount reversed in current year related to prior year	—	—	—

The summary of changes in stock options outstanding is as follows:



	Number of Options		Weighted Average Exercise Price	Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)		(In $)	(In years)	(In $ millions)
As of December 31, 2015	249		35.19	2.4	9
Granted	—		—
Exercised	(195	)	33.08
Forfeited	—		—
Expired	—		—
As of December 31, 2016⁽¹⁾	54		42.77	2.0	2

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⁽¹⁾	All stock options outstanding as of December 31, 2016 were vested and exercisable.

The total intrinsic value of stock options exercised is as follows:

A summary of changes in nonvested performance-based RSUs outstanding is as follows:



	Number of Units		Weighted Average Grant Date Fair Value
	(In thousands)		(In $)
As of December 31, 2015	1,231		50.24
Granted	446		56.24
Additional performance-based RSUs granted⁽¹⁾	483		48.03
Vested	(966	)	48.03
Canceled	—		—
Forfeited	(109	)	53.55
As of December 31, 2016	1,085		53.36

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⁽¹⁾	Represents additional performance-based RSU grants in 2013 and 2014 that were awarded in 2016 as a result of achieving internal profitability targets.

A summary of changes in nonvested time-based RSUs outstanding is as follows:



	Employee Time-Based RSUs			Director Time-Based RSUs
	Number of Units		Weighted Average Grant Date Fair Value	Number of Units		Weighted Average Grant Date Fair Value
	(In thousands)		(In $)	(In thousands)		(In $)
As of December 31, 2015	105		60.78	14		64.94
Granted	291		67.82	15		69.76
Vested	(42	)	59.13	(15	)	65.03
Forfeited	(24	)	59.28	—		—
As of December 31, 2016	330		67.32	14		69.88

The fair value of shares vested for performance-based RSUs is as follows:

The fair value of shares vested for time-based RSUs is as follows:

As of December 31, 2016

Shares
Available for
Awards

Shares
Subject to
Outstanding
Awards

2004 Stock Incentive Plan