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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of amounts recorded related to share-based compensation

	For the Years Ended December 31,
	2014		2013		2012
	(Dollars in Millions)
Share-based compensation expense recognized	$	104	$	100	$	109
Tax benefits associated with share-based compensation expense		38		37		41
Actual tax benefits realized for the deduction of share-based compensation expense		56		66		60

Schedule of changes in the status of outstanding restricted stock units

	Stock Units			Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2014		5,813,983		$	47.40
Granted		1,614,990			76.11
Vested and distributed		(2,085,056	)		44.29
Forfeited		(239,511	)		58.76

Nonvested at December 31, 2014		5,104,406		$	58.13


Vested and expected to vest at December 31, 2014		5,071,323		$	56.53

Schedule of changes in the status of outstanding options

	Shares Under Option			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
						(in years)		(in millions)
Outstanding at January 1, 2014		3,379,209		$	30.20
Granted		223,573			75.02
Exercised		(1,155,676	)		20.57
Forfeited or expired		(12,291	)		65.19

Outstanding at December 31, 2014		2,434,815		$	38.71		5.3	$	117


Vested and expected to vest at December 31, 2014		2,434,815		$	38.71		5.3	$	117


Exercisable at December 31, 2014		1,480,604		$	29.31		3.5	$	85

Share-Based Payment

Schedule of share-based payment award, valuation assumptions used in the fair value calculations

	2014			2013			2012
Estimated grant-date fair value	$	26.68		$	16.84			$ 15.83
Expected stock volatility		29.2	%		30.0	%		29.0	%
Risk-free interest rate		2.19	%		1.38	%		1.08% - 1.41	%
Expected option life (in years)		7.0			7.0			7.0

Liberty Transaction | Persons Other Than Employees And Directors

Share-Based Payment

Schedule of weighted average fair values for stock-based awards assumed along with assumptions used in the fair value calculations

	December 31, 2014			December 31, 2013			December 31, 2012
Estimated fair value		$ 68.74			$ 53.45			$ 34.59
Expected stock volatility		18.8	%		20.0	%		22.8	%
Range of risk-free interest rates		0.04 - 0.67	%		0.07 - 0.78	%		0.02 - 0.36	%
Range of expected option lives (in years)		0.4 - 2.4			0.2 - 3.4			0.2 - 4.4

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details