XML 45 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity (Tables)
12 Months Ended
Dec. 31, 2017
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, 2015

 

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

 

 

 

 

Options granted

 

7,560,450

 

 

57.72

 

 

 

 

 

 

Options exercised

 

(5,703,254)

 

 

25.80

 

 

 

 

 

 

Options forfeited

 

(727,280)

 

 

50.17

 

 

 

 

 

 

Options outstanding at December 31, 2016

 

32,266,391

 

 

44.14

 

7.03

 

 

 

 

Options granted

 

7,029,600

 

 

72.98

 

 

 

 

 

 

Options exercised

 

(5,773,287)

 

 

31.87

 

 

 

 

 

 

Options forfeited

 

(300,340)

 

 

55.16

 

 

 

 

 

 

Options outstanding at December 31, 2017

 

33,222,364

 

$

52.27

 

7.05

 

$

1,180.3

 

Vested and non-vested options expected to vest at December 31, 2017

 

31,214,883

 

$

51.61

 

6.96

 

$

1,129.8

 

Exercisable options at December 31, 2017

 

13,621,924

 

$

39.48

 

5.40

 

$

658.2

 

 

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

 

 

 

 

 

 

 

 

    

 

    

Weighted Average

 

 

 

 

 

Fair Value

 

 

 

Options

 

at Grant Date

 

Non-vested options at January 1, 2017

 

18,725,570

 

$

7.99

 

Options granted

 

7,029,600

 

 

8.78

 

Options vested

 

(5,854,390)

 

 

7.91

 

Options forfeited

 

(300,340)

 

 

8.10

 

Non-vested options at December 31, 2017

 

19,600,440

 

$

8.29

 

 

Summary of activity in the option plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

 

 

2017

    

2016

    

2015

Total intrinsic value of stock options exercised

 

$

268.7

 

$

197.2

 

$

88.1

Total fair value of stock options vested

 

 

46.3

 

 

43.1

 

 

39.9

 

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, 2015

 

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

 

Restricted shares granted

 

16,905

 

 

57.99

 

 

 

Shares vested and issued

 

(17,256)

 

 

57.97

 

 

 

Restricted shares outstanding at December 31, 2016

 

16,905

 

 

57.99

    

0.38

 

Restricted shares granted

 

12,905

 

 

73.25

 

 

 

Shares vested and issued

 

(16,905)

 

 

57.99

 

 

 

Restricted shares outstanding at December 31, 2017

    

12,905

    

$

73.25

    

0.37

 

 

Schedules of dividends

The following table summarizes the declared quarterly dividends per share for each of the three years ended December 31, 2017, 2016 and 2015:

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

 

2016

 

2015

First Quarter

 

$

0.16

 

$

0.14

 

$

0.125

Second Quarter

 

 

0.16

 

 

0.14

 

 

0.125

Third Quarter

 

 

0.19

 

 

0.14

 

 

0.14

Fourth Quarter

 

 

0.19

 

 

0.16

 

 

0.14

 

Dividends declared and paid for the years ended December 31, 2017, 2016 and 2015 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

 

2016

 

2015

Dividends declared

 

$

213.7

 

$

178.8

 

$

163.7

Dividends paid (including those declared in the prior year)

 

 

205.0

 

 

172.7

 

 

159.3

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

Unrealized

 

Defined

 

Accumulated

 

 

 

Currency

 

Gain (Loss)

 

Benefit

 

Other

 

 

 

Translation

 

on Cash

 

Plan

 

Comprehensive

 

 

    

Adjustments

    

Flow Hedges

    

Adjustment

    

Income (Loss)

 

Balance at January 1, 2015

 

$

(13.4)

 

$

(1.3)

 

$

(191.1)

 

$

(205.8)

 

Other comprehensive income (loss) before reclassifications, net of tax of nil,  $0.1 and $5.5, respectively

 

 

(151.5)

 

 

(0.4)

 

 

(10.0)

 

 

(161.9)

 

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

 

 

 —

 

 

 —

 

 

18.2

 

 

18.2

 

Balance at December 31, 2015

 

 

(164.9)

 

 

(1.7)

 

 

(182.9)

 

 

(349.5)

 

Other comprehensive income (loss) before reclassifications, net of tax of nil,  ($0.3) and $12.3, respectively

 

 

(108.6)

 

 

1.6

 

 

(28.8)

 

 

(135.8)

 

Amounts reclassified from Accumulated other comprehensive income (loss) to earnings, net of tax of ($8.9)

 

 

 —

 

 

 —

 

 

16.3

 

 

16.3

 

Balance at December 31, 2016

 

 

(273.5)

 

 

(0.1)

 

 

(195.4)

 

 

(469.0)

 

Other comprehensive income (loss) before reclassifications, net of tax of nil,  $0.1 and ($3.4), respectively

 

 

240.3

 

 

(0.1)

 

 

10.7

 

 

250.9

 

Amounts reclassified from Accumulated other comprehensive income (loss) to earnings, net of tax of ($9.1)

 

 

 —

 

 

 —

 

 

17.1

 

 

17.1

 

Balance at December 31, 2017

 

$

(33.2)

 

$

(0.2)

 

$

(167.6)

 

$

(201.0)