Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Weighted Average Fair Value and Assumptions

The estimated fair value of our 2016 stock option awards and related underlying assumptions are shown in the table below.

	2016
Estimated fair value	$	13.86
Quarterly dividend rate	$	0.40
Expected term of stock option awards, in years	4.7
Risk-free interest rate	1.4		%
Dividend yield	4.1		%
Expected stock price volatility	29.4		%
Present value of dividends	$	7.27