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Employee Benefits and Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2016
Compensation and Retirement and Compensation Related Costs, Share-based Payments Disclosure [Abstract]  
Schedule of non-cash compensation expense and capitalized non-cash compensation
The following table summarizes non-cash compensation expense and capitalized non-cash compensation for each of the three years ended December 31, 2016, 2015 and 2014 (dollars in millions):

 
 
2016
 
2015
 
2014
Outperform Stock Appreciation Rights
 
$
1

 
$
6

 
$
8

Restricted Stock Units
 
76

 
65

 
34

Performance Restricted Stock Units
 
43

 
35

 
14

401(k) Match Expense
 
37

 
36

 
23

Restricted Stock Unit Bonus Grant
 
—

 
—

 
(5
)
 
 
157

 
142

 
74

Capitalized Non-Cash Compensation
 
(1
)
 
(1
)
 
(1
)
 
 
$
156

 
$
141

 
$
73
Schedule of OSO valuation assumptions
OSO units had a multiplier range from zero to four depending upon the performance of Level 3 common stock relative to the S&P 500® Index as shown in the following table.

If Level 3 Stock Outperforms the S&P 500® Index by:
 
Then the Pre-multiplier Gain Multiplied by a Success Multiplier of:
0% or Less
 
—
More than 0% but Less than 11%
 
Outperformance percentage multiplied by 4/11
11% or More
 
4.00
Schedule OSO activity
Transactions involving OSO units awarded are summarized in the table below. The Option Price Per Unit identified in the table below represents the initial strike price, as determined on the day prior to the OSO grant date for those grants.
 
 
Units
 
Initial Strike Price Per Unit
 
Weighted
Average
Initial
Strike
Price
 
Aggregate
Intrinsic
Value
 
Weighted
Average
Remaining
Contractual
Term (years)
 
 
 
 
 
 
 
 
 
 
(in millions)
 
 
Balance January 1, 2014
 
2,148,865

 
$
14.10

 
$
36.60

 
$
23.99

 
$
31.6

 
1.46
OSOs granted
 
—

 
$
—

 
$
—

 
$
—

 
 
 
 
OSOs forfeited
 
(52,901
)
 
$
16.99

 
$
27.53

 
$
22.99

 
 
 
 
OSOs expired
 
(106,844
)
 
$
36.60

 
$
36.60

 
$
36.60

 
 
 
 
OSOs exercised
 
(771,251
)
 
$
14.70

 
$
27.53

 
$
24.26

 
 
 
 
Balance December 31, 2014
 
1,217,869

 
$
16.99

 
$
27.53

 
$
22.76

 
$
88.0

 
0.90
OSOs granted
 
—

 
$
—

 
$
—

 
$
—

 
 
 
 
OSOs forfeited
 
(12,945
)
 
$
20.29

 
$
26.69

 
$
22.81

 
 
 
 
OSOs expired
 
—

 
$
—

 
$
—

 
$
—

 
 
 
 
OSOs exercised
 
(589,944
)
 
$
22.15

 
$
22.97

 
$
22.32

 
 
 
 
Balance December 31, 2015
 
614,980

 
$
20.29

 
$
26.69

 
$
22.77

 
$
48.5

 
0.37
OSOs granted
 
—

 
$
—

 
$
—

 
$
—

 
 
 
 
OSOs forfeited
 
(6,875
)
 
$
20.29

 
$
26.69

 
$
26.03

 
 
 
 
OSOs expired
 
—

 
$
—

 
$
—

 
$
—

 
 
 
 
OSOs exercised
 
(608,105
)
 
$
20.29


$
26.69

 
$
22.73

 
 
 
 
Balance December 31, 2016
 
—

 


 


 


 

 
Schedule of restricted stock and restricted stock units
The changes in restricted stock units are shown in the following table:
 
 
Number
 
Weighted Average
Grant Date
Fair Value
Nonvested at January 1, 2014
 
2,924,350

 
$
22.77

Stock and units granted
 
1,650,772

 
$
43.48

Lapse of restrictions
 
(1,150,080
)
 
$
22.92

Stock and units forfeited
 
(206,305
)
 
$
27.14

Nonvested at December 31, 2014
 
3,218,737

 
$
32.95

Stock and units granted
 
2,087,942

 
$
50.60

Lapse of restrictions
 
(1,194,519
)
 
$
31.70

Stock and units forfeited
 
(358,227
)
 
$
44.25

Nonvested at December 31, 2015
 
3,753,933

 
$
42.09

Stock and units granted
 
1,547,229

 
$
51.45

Lapse of restrictions
 
(1,342,027
)
 
$
36.95

Stock and units forfeited
 
(254,712
)
 
$
47.45

Nonvested at December 31, 2016
 
3,704,423

 
$
47.49
Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block]
The changes in performance restricted stock units are shown in the following table:

 
 
Number
 
Weighted Average
Grant Date
Fair Value
Nonvested at January 1, 2014
 
—

 
$
—

Units granted
 
605,111

 
$
39.30

Lapse of restrictions
 
(1,750
)
 
$
39.14

Units forfeited
 
(35,480
)
 
$
39.14

Nonvested at December 31, 2014
 
567,881

 
$
39.31

Units granted
 
713,657

 
$
53.82

Lapse of restrictions
 
—

 
$
—

Units forfeited
 
(53,073
)
 
$
49.25

Nonvested at December 31, 2015
 
1,228,465

 
$
47.31

Units granted
 
498,184

 
$
52.84

Lapse of restrictions
 
(297,940
)
 
$
39.43

Units forfeited
 
(97,298
)
 
$
52.02

Nonvested at December 31, 2016
 
1,331,411

 
$
50.80