EQUITY-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

EQUITY-BASED COMPENSATION

Summary of activity related to restricted stock and RSUs

	Restricted Stock & RSUs
	2016					2015
	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Unvested Balance at January 1,		5,123,481		$	28.67		2,473,624		$	25.86
Granted		3,459,111			24.06		2,206,490			32.28
Forfeited		(24,096	)		27.36		(8,610	)		29.92
Vested		(179,348	)		31.01		(22,841	)		29.73
Unvested Balance at March 31,		8,379,148		$	26.84		4,648,663		$	28.86

Schedule of assumptions used to estimate the fair value of stock option awards 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
	2016					2015
	Number Outstanding			Weighted-Average Exercise Price Per Share		Number Outstanding			Weighted-Average Exercise Price Per Share
Outstanding at January 1,		3,081,203		$	23.20		3,296,906		$	23.20
Grants		—			—		—			—
Exercises		—			—		—			—
Forfeiture or expirations		(54,000	)		23.20		(40,300	)		23.20
Outstanding at March 31,		3,027,203		$	23.20		3,256,606		$	23.20