Share-Based Compensation Plans

6 Months Ended

Jun. 30, 2015

Share-Based Compensation Plans

17. Share-Based Compensation Plans — The Northern Trust Corporation 2012 Stock Plan provides for the grant of nonqualified stock options, incentive stock options, stock appreciation rights, stock awards, restricted stock units and performance stock units.

Total compensation expense for share-based payment arrangements and the associated tax impacts were as follows for the three and six months ended June 30, 2015 and 2014.

Table 57: Total Compensation Expense for Share-Based Payment Arrangements

	Three Months Ended June 30,				Six Months Ended June 30,
(In Millions)	2015		2014		2015		2014
Restricted Stock Unit Awards	$	13.4	$	14.9	$	26.9	$	29.0
Stock Options		1.7		2.1		7.7		8.5
Performance Stock Units		4.1		3.2		7.5		5.8
Total Share-Based Compensation Expense		19.2		20.2		42.1		43.3
Tax Benefits Recognized	$	7.2	$	7.5	$	15.8	$	16.2