XML 54 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Incentive Plans (Tables)
 12 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted average assumptions used in fair value of each stock appreciation right award granted
The fair value of each SAR award granted in 2018, 2017 and 2016 was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
 
2018

 
2017

 
2016

Risk-free interest rate
1.9
%
 
1.4
%
 
1.9
%
Expected life of award
5.2 years

 
5.3 years

 
5.4 years

Expected dividend yield of stock
2.0
%
 
2.0
%
 
1.9
%
Expected volatility of stock
23.4
%
 
28.5
%
 
28.7
%
Weighted-average fair value
$
29.71

 
$
27.39

 
$
26.88
Stock appreciation rights activity
SAR activity during 2018 is as follows (aggregate intrinsic value in millions):    
 
Number of Shares
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value
Outstanding June 30, 2017
6,533,406

 
$
94.18

 
 
 
 
Granted
907,626

 
$
158.79

 
 
 
 
Exercised
(1,351,120
)
 
$
78.61

 
 
 
 
Canceled
(43,031
)
 
$
146.84

 
 
 
 
Outstanding June 30, 2018
6,046,881

 
$
106.98

 
5.8 years
 
$
298.1

Exercisable June 30, 2018
4,168,672

 
$
92.74

 
4.6 years
 
$
263.1
Summary of the status and shares subject to stock appreciation rights awards and average price per share
A summary of the status and changes of shares subject to SAR awards and the related average price per share follows:
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2017
1,947,569

 
$
27.80

Granted
907,626

 
$
29.71

Vested
(933,955
)
 
$
28.33

Canceled
(43,031
)
 
$
28.34

Nonvested June 30, 2018
1,878,209

 
$
28.44
Information related to stock appreciation rights awards exercised
Information related to SAR awards exercised during 2018, 2017 and 2016 is as follows:
 
2018

 
2017

 
2016

Net cash proceeds
$
3,682

 
$
2,202

 
$
126

Intrinsic value
136,000

 
153,908

 
40,612

Income tax benefit
28,701

 
31,193

 
7,188
Summary of the status and shares subject to restricted stock units and average price per share
A summary of the status and changes of shares subject to RSU awards for employees and the related average price per share follows:
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2017
394,329

 
$
120.92

Granted
157,086

 
$
159.26

Vested
(176,855
)
 
$
116.94

Canceled
(13,949
)
 
$
139.61

Nonvested June 30, 2018
360,611

 
$
138.85
Status and changes of shares of long term incentive plans shares
A summary of the status and changes of shares relating to the LTIP and the related average price per share follows:    
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2017
734,744

 
$
119.56

Granted
191,986

 
$
206.99

Vested
(256,071
)
 
$
122.11

Canceled
(12,388
)
 
$
128.63

Nonvested June 30, 2018
658,271

 
$
143.90

Stock issued for LTIP
 
2018

 
2017

 
2016

LTIP three-year plan
 
2015-16-17

 
2014-15-16

 
2013-14-15

Number of shares issued
 
308,278

 
227,707

 
175,291

Share value on date of issuance
 
$
176.39

 
$
157.07

 
$
113.91

Total value
 
$
54,377

 
$
35,766

 
$
19,967