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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Schedule Of Valuation Assumptions

 

 

 

 

 

 

Assumptions

2014

 

2013

 

2012

Risk-free interest rate

1.6% 

 

1.5% 

 

0.6% 

Expected dividend yield

–   

 

–   

 

 –   

Expected volatility

32.5% 

 

38.6% 

 

58.2% 

Expected term

5 years

 

5 years

 

5 years

 

Summary Of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

Average

 

 

Number

 

 

Exercise

 

Number

 

 

Exercise

 

Number

 

 

Exercise

 

 

of Shares

 

 

Price

 

of Shares

 

 

Price

 

of Shares

 

 

Price

 

 

(in thousands)

 

 

 

 

(in thousands)

 

 

 

 

(in thousands)

 

 

 

Options outstanding at January 1

 

3,313 

 

$

35.70 

 

3,650 

 

$

29.84 

 

4,743 

 

$

21.24 

Granted

 

835 

 

 

32.31 

 

571 

 

 

38.95 

 

613 

 

 

34.34 

Exercised

 

(402)

 

 

30.60 

 

(833)

 

 

12.12 

 

(1,608)

 

 

5.71 

Forfeited or expired

 

(124)

 

 

37.80 

 

(75)

 

 

37.31 

 

(98)

 

 

37.76 

Options outstanding at December 31

 

3,622 

 

$

35.41 

 

3,313 

 

$

35.70 

 

3,650 

 

$

29.84 

 

Summary Of Stock Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

Options Exercisable

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Average

 

 

Options

 

 

Weighted

 

Remaining

 

 

Options

 

 

Weighted

 

Remaining

 

 

Outstanding at

 

 

Average

 

Contractual

 

 

Exercisable at

 

 

Average

 

Contractual

Range of

 

December 31,

 

 

Exercise

 

Life

 

 

December 31,

 

 

Exercise

 

Life

Exercise Prices

 

2014

 

 

Price

 

(Years)

 

 

2014

 

 

Price

 

(Years)

 

 

(in thousands)

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

$27.09-$29.69

 

21 

 

 

28.42 

 

2.9 

 

 

17 

 

 

28.53 

 

2.5 

$30.23-$35.91

 

1,744 

 

 

32.04 

 

4.9 

 

 

819 

 

 

32.83 

 

3.1 

$36.22-$39.91

 

1,443 

 

 

37.52 

 

4.3 

 

 

1,117 

 

 

37.10 

 

3.9 

$40.15-$51.47

 

414 

 

 

42.64 

 

2.9 

 

 

324 

 

 

41.56 

 

1.9 

 

 

3,622 

 

$

35.41 

 

4.4 

 

$

2,277 

 

$

36.13 

 

3.3 

 

Summary Of Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

Average

 

 

 

 

Average

 

 

Number

 

 

Grant Date

 

Number

 

 

Grant Date

 

Number

 

 

Grant Date

 

 

of Shares

 

 

Fair Value

 

of Shares

 

 

Fair Value

 

of Shares

 

 

Fair Value

 

 

(in thousands)

 

 

 

 

(in thousands)

 

 

 

 

(in thousands)

 

 

 

Unvested shares at January 1

 

1,771 

 

$

37.55 

 

1,118 

 

$

35.64 

 

1,020 

 

$

36.71 

Granted

 

1,295 

 

 

30.89 

 

1,109 

 

 

38.92 

 

537 

 

 

34.39 

Vested

 

(548)

 

 

37.12 

 

(382)

 

 

36.29 

 

(344)

 

 

36.50 

Forfeited

 

(142)

 

 

37.91 

 

(74)

 

 

35.81 

 

(95)

 

 

36.97 

Unvested shares at December 31

 

2,376 

 

$

34.00 

 

1,771 

 

$

37.55 

 

1,118 

 

$

35.64 

 

Stock Options [Member]  
Schedule Of Stock-Based Compensation Costs

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

 

(in millions)

Stock-based compensation cost related to stock options – general and administrative expense

$

 

$

 

$

Stock-based compensation cost related to stock options – capitalized

$

 

$

 

$

 

Restricted Stock [Member]  
Schedule Of Stock-Based Compensation Costs

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

2013

 

 

2012

 

 

(in millions)

Stock-based compensation cost related to restricted stock grants
– general and administrative expense

$

10 

 

$

 

$

Stock-based compensation cost related to restricted stock grants
– capitalized

$

12 

 

$

 

$

 

Equity-Classified Performance Units [Member]  
Schedule Of Stock-Based Compensation Costs

 

 

 

 

 

 

2014

 

 

 

(millions)

Stock-based compensation cost related to performance units - general and administrative expense

$

 

Stock-based compensation cost related to performance units - capitalized

$

 

 

Summary Of Equity-Classified Performance Units Activity

 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

Number

 

 

Grant Date

 

 

 

of Units (1)

 

 

Fair Value

 

Unvested shares at January 1

 

-  

 

$

-  

 

Granted

 

359 

 

 

40.44 

 

Vested

 

(111)

 

 

40.44 

 

Forfeited

 

(25)

 

 

40.44 

 

Unvested shares at December 31

 

223 

 

$

40.44 

 

 

 

 

 

 

 

 

(1)      These amounts reflect the number of performance units granted in thousands. The actual payout of shares may range from a minimum of zero shares to a maximum of two shares contingent upon the actual performance against the Performance Measures.