EQUITY-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2016

EQUITY-BASED COMPENSATION

Summary of activity related to restricted stock and RSUs

	Restricted Stock & RSUs
	2016			2015
		Weighted Average			Weighted Average
	Number of	Grant Date		Number of	Grant Date
	Shares	Fair Value		Shares	Fair Value
Unvested Balance at January 1,	5,123,481	$	28.67	2,473,624	$	25.86
Granted	3,787,723		24.09	2,615,660		31.92
Forfeited	(74,739)		26.05	(36,903)		28.79
Vested	(586,953)		28.30	(92,717)		27.45
Unvested Balance at September 30,	8,249,512	$	26.81	4,959,664	$	28.93

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
	2016			2015
		Weighted-Average			Weighted-Average
	Number	Exercise Price		Number	Exercise Price
	Outstanding	Per Share		Outstanding	Per Share
Outstanding at January 1,	3,081,203	$	23.20	3,296,906	$	24.00
Grants	—		—	—		—
Exercises	—		—	—		—
Forfeiture or expirations	(208,975)		23.20	(174,727)		24.00
Outstanding at September 30,	2,872,228	$	23.20	3,122,179	$	24.00