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Equity (Tables)
12 Months Ended
Dec. 31, 2015
Equity  
Schedule of stock option activity

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

Aggregate

 

 

 

 

 

Weighted

 

Remaining

 

Intrinsic

 

 

 

 

 

Average

 

Contractual

 

Value

 

 

 

Options

 

Exercise Price

 

Term (in years)

 

(in millions)

 

Options outstanding at January 1, 2013

 

26,893,438

 

$

21.70

 

7.08

 

 

 

Options granted

 

5,576,000

 

39.00

 

 

 

 

 

Options exercised

 

(5,272,426

)

18.23

 

 

 

 

 

Options forfeited

 

(352,560

)

26.83

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at December 31, 2013

 

26,844,452

 

25.90

 

7.08

 

 

 

Options granted

 

6,220,000

 

47.70

 

 

 

 

 

Options exercised

 

(4,790,252

)

20.27

 

 

 

 

 

Options forfeited

 

(486,280

)

34.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at December 31, 2014

 

27,787,920

 

31.60

 

7.09

 

 

 

Options granted

 

6,490,200

 

57.85

 

 

 

 

 

Options exercised

 

(2,718,745

)

23.71

 

 

 

 

 

Options forfeited

 

(422,900

)

41.73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at December 31, 2015

 

31,136,475

 

37.62

 

6.92

 

$

491.0

 

 

 

 

 

 

 

 

 

 

 

 

Vested and non-vested options expected to vest at December 31, 2015

 

28,749,963

 

37.04

 

6.82

 

$

468.4

 

Exercisable options at December 31, 2015

 

13,813,435

 

$

26.84

 

5.33

 

$

350.7

 

 

Summary of status of non-vested options and changes during the year

 

 

 

Options

 

Weighted Average
Fair Value 
at Grant Date

 

Non-vested options at January 1, 2015

 

16,440,560

 

$

7.98

 

Options granted

 

6,490,200

 

8.47

 

Options vested

 

(5,184,820

)

7.70

 

Options forfeited

 

(422,900

)

8.18

 

 

 

 

 

 

 

Non-vested options at December 31, 2015

 

17,323,040

 

$

8.24

 

 

 

 

 

 

 

 

 

Summary of activity in the option plans

 

 

2015

 

2014

 

2013

 

Total intrinsic value of stock options exercised

 

$

88.1 

 

$

136.8 

 

$

105.8 

 

Total fair value of stock options vested

 

39.9 

 

37.2 

 

33.9 

 

 

Schedule of restricted stock activity

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

Fair Value

 

Remaining

 

 

 

Restricted

 

at Grant

 

Amortization

 

 

 

Shares

 

Date

 

Term (in years)

 

Restricted shares outstanding at January 1, 2013

 

32,858

 

$

26.63

 

 

 

Restricted shares granted

 

26,880

 

38.76

 

 

 

Shares vested and issued

 

(32,858

)

26.63

 

 

 

 

 

 

 

 

 

 

 

Restricted shares outstanding at December 31, 2013

 

26,880

 

38.76

 

0.39

 

Restricted shares granted

 

18,340

 

47.72

 

 

 

Shares vested and issued

 

(26,880

)

38.76

 

 

 

 

 

 

 

 

 

 

 

Restricted shares outstanding at December 31, 2014

 

18,340

 

47.72

 

0.39

 

Restricted shares granted

 

17,948

 

57.85

 

 

 

Shares vested and issued

 

(19,032

)

47.98

 

 

 

 

 

 

 

 

 

 

 

Restricted shares outstanding at December 31, 2015

 

17,256

 

57.97

 

0.39

 

 

 

 

 

 

 

 

 

 

Schedule of after-tax components comprising Accumulated other comprehensive income (loss) included in equity

 

 

 

Foreign
Currency
Translation
Adjustments

 

Unrealized Gain
(Loss) on Cash
Flow Hedges

 

Defined Benefit
Plan Liability
Adjustment

 

Accumulated
Other
Comprehensive
Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2013

 

$

57.3

 

$

0.2

 

$

(174.5

)

$

(117.0

)

Translation adjustments

 

14.9

 

 

 

14.9

 

Unrealized loss on cash flow hedges, net of tax of $0.1

 

 

(0.3

)

 

(0.3

)

Amounts reclassified from Accumulated other comprehensive income (loss)

 

(5.2

)

 

 

(5.2

)

Defined benefit plan adjustment, net of tax of ($20.6)

 

 

 

35.9

 

35.9

 

Amounts reclassified from Accumulated other comprehensive income (loss), net of tax of ($9.6)

 

 

 

16.7

 

16.7

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2013

 

67.0

 

(0.1

)

(121.9

)

(55.0

)

Translation adjustments

 

(80.4

)

 

 

(80.4

)

Unrealized loss on cash flow hedges, net of tax of $0.2

 

 

(1.2

)

 

(1.2

)

Defined benefit plan adjustment, net of tax of $39.9

 

 

 

(82.0

)

(82.0

)

Amounts reclassified from Accumulated other comprehensive income (loss), net of tax of ($6.2)

 

 

 

12.8

 

12.8

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

(13.4

)

(1.3

)

(191.1

)

(205.8

)

Translation adjustments

 

(151.5

)

 

 

(151.5

)

Unrealized loss on cash flow hedges, net of tax of $0.1

 

 

(0.4

)

 

(0.4

)

Defined benefit plan adjustment, net of tax of $5.5

 

 

 

(10.0

)

(10.0

)

Amounts reclassified from Accumulated other comprehensive income (loss), net of tax of ($10.1)

 

 

 

18.2

 

18.2

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

$

(164.9

)

$

(1.7

)

$

(182.9

)

$

(349.5

)