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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Stock-Based Compensation [Abstract]  
Schedule Of Stock-Based Compensation Costs



 

 

 

 

 

 



 

For the three months ended



 

March 31,



 

2016

 

2015



 

(in millions)

Stock-based compensation cost – expensed (1)

 

$

23 

 

$

Stock-based compensation cost – capitalized

 

$

 

$

(1)

Includes $18 million related to the reduction in workforce that occurred in the first quarter of 2016.

Summary Of Stock Option Activity



 

 

 

 

 



 

Number

 

Weighted Average



 

of Options

 

Exercise Price



 

(in thousands)

 

(per share)

Outstanding at December 31, 2015

 

 

5,623 

 

$

24.57 

Granted

 

 

156 

 

 

8.60 

Exercised

 

 

–  

 

 

–  

Forfeited or expired

 

 

(10)

 

 

30.29 

Outstanding at March 31, 2016

 

 

5,769 

 

 

24.13 

Exercisable at March 31, 2016

 

 

2,567 

 

$

36.12 



Summary Of Restricted Stock Activity



 

 

 

 

 



 

Number

 

Weighted Average



 

of Shares

 

Fair Value



 

(in thousands)

 

(per share)

Unvested shares at December 31, 2015

 

 

7,222 

 

$

13.24 

Granted

 

 

77 

 

 

8.35 

Vested (1)

 

 

(1,947)

 

 

8.32 

Forfeited

 

 

(24)

 

 

12.11 

Unvested shares at March 31, 2016

 

 

5,328 

 

$

13.24 

(1)

Includes 1,887,160 shares related to the reduction in workforce that occurred in the first quarter of 2016.

Summary Of Performance Unit Activity



 

 

 

 

 



 

Number

 

Weighted Average



 

of Units (1)

 

Fair Value



 

(in thousands)

 

(per share)

Unvested units at December 31, 2015

 

 

407 

 

$

36.65 

Granted (2)

 

 

1,061 

 

 

8.31 

Vested (3)

 

 

(5)

 

 

8.08 

Forfeited

 

 

(38)

 

 

8.08 

Unvested units at March 31, 2016

 

 

1,425 

 

$

14.47 

(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.

(2)

Excludes 441,450 units in excess of individual award limits subject to shareholder approval of the amended 2013 Incentive Plan at the annual meeting on May 17, 2016.

(3)

Includes 5,168 units related to the reduction in workforce that occurred in the first quarter of 2016.