XML 97 R71.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Employee Stock Plans - Stock Option Valuation Assumptions (Details)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]      
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate [1] 24.00% 24.00% 26.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term [2] 5 years 7 months 6 days 5 years 6 months 5 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate [3] 2.50% 2.70% 1.90%
[1]
Volatility is measured using historical daily price changes of the company's common stock over the expected term of the option.
[2]
The expected term represents the weighted-average period the option is expected to be outstanding and is based primarily on the historical exercise behavior of employees.
[3]
The risk-free interest rate is based on the U.S. Treasury zero-coupon yield with a maturity that approximates the expected term of the option.