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Share-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2016
Schedule of Changes in Stock Options

 

 

 

Number of shares (thousands)

 

 

Weighted-average exercise price

 

 

Weighted-average remaining contractual term (years)

 

 

Aggregate intrinsic value (millions)

 

Option shares outstanding, December 31, 2015

 

 

1,410.3

 

 

$

40.66

 

 

 

 

 

 

 

 

 

Option shares exercised

 

 

(25.6

)

 

 

(26.26

)

 

 

 

 

 

 

 

 

Options forfeited

 

 

(23.5

)

 

 

(45.68

)

 

 

 

 

 

 

 

 

Net impact as a result of AFI separation

 

 

(10.6

)

 

 

(44.21

)

 

 

 

 

 

 

 

 

Option shares outstanding, December 31, 2016

 

 

1,350.6

 

 

$

34.66

 

 

 

4.5

 

 

$

11.6

 

Option shares exercisable, December 31, 2016

 

 

1,276.7

 

 

 

33.94

 

 

 

4.5

 

 

$

11.6

 

Option shares vested and expected to vest, December 31, 2016

 

 

1,350.3

 

 

 

34.66

 

 

 

4.5

 

 

$

11.6

 

 
Schedule of Information Related to Stock Option Exercises

The following table presents information related to stock option exercises:

 

 

 

2016

 

 

2015

 

 

2014

 

Total intrinsic value of stock options exercised

 

$

0.4

 

 

$

3.5

 

 

$

17.1

 

Cash proceeds received from stock options exercised

 

$

0.7

 

 

$

6.4

 

 

$

17.8

 

Tax (expense) deduction realized from stock options exercised

 

$

(0.1

)

 

$

0.4

 

 

$

2.7

 

 
Schedule of Restricted Stock and Restricted Stock Units Activity

 

 

 

Non-Vested Stock Awards

 

 

 

RSUs

 

 

PSUs

 

 

 

Number of shares (thousands)

 

 

Weighted-

average fair value

at grant date

 

 

Number of shares (thousands)

 

 

Weighted-

average fair value

at grant date

 

December 31, 2015

 

413.3

 

 

$

54.66

 

 

 

216.9

 

 

$

52.84

 

Granted

 

 

114.3

 

 

 

41.53

 

 

 

254.4

 

 

 

39.23

 

Vested

 

 

(171.5

)

 

 

(52.83

)

 

 

(61.6

)

 

 

(51.79

)

Forfeited

 

 

(57.0

)

 

 

(48.31

)

 

 

(110.5

)

 

 

(52.12

)

Net impact as a result of AFI separation

 

 

(74.6

)

 

 

(40.32

)

 

 

(8.8

)

 

 

(45.74

)

December 31, 2016

 

224.5

 

 

$

44.94

 

 

 

290.4

 

 

$

40.29

 

 
PSUs [Member]  
Schedule of Weighted-Average Assumptions

 

 

2016

 

Weighted-average grant date fair value of market based PSUs granted (dollars per award)

 

$

37.75

 

Assumptions

 

 

 

 

Risk free rate of return

 

 

0.8

%

Expected volatility

 

 

28.0

%

Expected term (in years)

 

 

2.7

 

Expected dividend yield

 

 

0.0

%

 
Options [Member]  
Schedule of Weighted-Average Assumptions

 

 

 

2014

 

Weighted-average grant date fair value of options granted (dollars per option)

 

$

24.93

 

Assumptions

 

 

 

 

Risk free rate of return

 

 

1.9

%

Expected volatility

 

 

46.5

%

Expected term (in years)

 

 

6.0

 

Expected dividend yield

 

 

0.0

%