EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2015

EQUITY-BASED COMPENSATION

Summary of activity related to restricted stock and RSUs

	Restricted Stock & RSUs
	2015					2014
	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested Balance at January 1,		2,473,624		$	25.86		—		$	—
Granted		2,906,452			31.24		2,564,616			25.87
Forfeited		(81,560	)		28.90		(70,334	)		25.48
Vested		(175,035	)		29.44		(20,658	)		28.62
Unvested Balance at December 31,		5,123,481		$	28.67		2,473,624		$	25.86

Schedule of assumptions used to estimate the fair value of stock option using the Black-Scholes valuation model

	Assumptions
Expected life (in years)		6
Weighted-average risk free interest rate		1.91	%
Expected volatility		35	%
Dividend yield		2.72	%
Weighted-average fair value at grant date	$	6.70

Summary of activity related to stock options

	Stock Options Outstanding
	2015					2014
	Number Outstanding			Weighted-Average Exercise Price Per Share		Number Outstanding			Weighted-Average Exercise Price Per Share
Outstanding at January 1,		3,296,906		$	24.00		—		$	—
Grants		—			—		3,501,881			24.00
Exercises		(3,500	)		24.00		—			—
Forfeiture or expirations		(212,203	)		24.00		(204,975	)		24.00
Outstanding at December 31,		3,081,203		$	24.00		3,296,906		$	24.00