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Share-Based Incentive Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The following table summarizes pre-tax share-based compensation costs, which includes costs related to awards granted under the Omnibus Plan, Director Plan, Phantom Plan and ING Group share-based compensation plan for the periods indicated:
 
Three Months Ended March 31,
 
2014
 
2013
RSUs(1)
$
7.0

 
$
4.8

RSUs - Deal incentive awards
5.6

 

PSU awards(1)
19.2

 
0.9

Stock options(2)

 
0.8

Phantom Plan
0.3

 

Share-based compensation(3)
$
32.1

 
$
6.5

(1) This table includes compensation costs of $1.8 and $10.6 with respect to ING Group RSUs and PSU awards, respectively, for the three months ended March 31, 2014. For the three months ended March 31, 2013, all share-based compensation costs are related to the ING Group equity-based compensation plans.
(2) All compensation costs recognized during the three months ended March 31, 2013 represents the associated portion with ING Group stock options held by the Company's employees.
(3) The Company recognized no income tax benefit due to recognized valuation allowances for all periods presented. See Note 9. Income Taxes to these Condensed Consolidated Financial Statements for additional information.
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity
The following table summarizes the number of awards under the Omnibus Plan for the period indicated:
 
RSUs
 
RSUs - Deal Incentive Awards(1)
 
PSU Awards
(awards in millions) 
Number of Awards
 
Weighted Average Grant Date Fair Value
 
Number of Awards
 
Weighted Average Grant Date Fair Value
 
Number of Awards
 
Weighted Average Grant Date Fair Value
Outstanding at December 31, 2013
1.6

 
$
19.15

 
0.8

 
$
19.50

 
0.5

 
$
28.06

Adjustment for PSU performance factor
N/A

 
N/A

 
N/A

 
N/A

 
0.3

 
28.06

Granted
1.8

 
37.01

 

 

 
0.7

 
36.98

Vested
(0.1
)
 
19.29

 
(0.8
)
 (2) 
19.50

 
(0.8
)
 
28.06

Forfeited

*

 

*

 

*

Outstanding at March 31, 2014
3.3

 
$
28.66

 

 
$

 
0.7

 
$
36.86

* Less than 0.1.
(1) Excludes 273,504 RSUs granted in 2013 that proportionally vest upon sales of Company stock by ING Group.
(2) As of March 31, 2014, these vested shares have not yet been issued.