Stock Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Assumptions Used To Value Share-Based Compensation

The assumptions used in the Black-Scholes single option pricing model for 2019 and 2018 were as follows. No options were granted in 2020.

	Year Ended December 31
	2020	2019	2018
Dividend yield	—%	3%	3%
Risk-free interest rate	—%	2%	2%
Stock volatility	—%	22%	23%
Average expected life (years)	—	6	6

Summary Of Option Activity During The Period

A summary of option activity during 2020 is presented below:

	Shares	Weighted-Average Exercise Price
	(In thousands, except per share amounts)
Shares under option at December 31, 2019	8,048	$35.20
Granted	—	0.00
Exercised	(1,778)	27.41
Forfeited or expired	(1)	34.52
Shares under option at December 31, 2020	6,269	$37.40
Exercisable at December 31, 2020	5,801	$37.74

Summary Of Restricted Stock Awards And PSUs Activity During The Period

A summary of Restricted Stock Awards and PSUs activity during 2020 is presented below:

	Restricted Stock Awards and PSUs	Weighted Average Grant-Date Fair Value
	(In thousands, except per share amounts)
Non-vested at December 31, 2019	6,722	$42.97
Granted	2,732	45.59
Vested	(1,417)	44.49
Forfeited	(665)	43.95
Non-vested at December 31, 2020	7,372	$43.56