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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2018
Stock-Based Compensation  
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, 2018

 

33,222,364

 

$

52.27

 

7.05

 

$

1,180.3

 

Options granted

 

 —

 

 

 

 

 

 

 

 

 

Options exercised

 

(602,549)

 

 

 

 

 

 

 

 

 

Options forfeited

 

(32,240)

 

 

 

 

 

 

 

 

 

Options outstanding at March 31, 2018

 

32,587,575

 

 

52.58

 

6.84

 

 

1,093.2

 

Options granted

 

6,111,100

 

 

 

 

 

 

 

 

 

Options exercised

 

(740,046)

 

 

 

 

 

 

 

 

 

Options forfeited

 

(116,740)

 

 

 

 

 

 

 

 

 

Options outstanding at June 30, 2018

 

37,841,889

 

$

58.50

 

7.15

 

$

1,089.4

 

Vested and non-vested options expected to vest at June 30, 2018

 

35,378,287

 

$

57.63

 

7.06

 

$

1,048.7

 

Exercisable options at June 30, 2018

 

18,269,909

 

$

45.14

 

5.65

 

$

767.5

 

 

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

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Fair Value at 

 

 

 

Options

 

Grant Date

 

Non-vested options at January 1, 2018

 

19,600,440

 

$

8.29

 

Options granted

 

 —

 

 

 —

 

Options vested

 

(67,400)

 

 

8.13

 

Options forfeited

 

(32,240)

 

 

8.56

 

Non-vested options at March 31, 2018

 

19,500,800

 

 

8.29

 

Options granted

 

6,111,100

 

 

12.82

 

Options vested

 

(5,923,180)

 

 

8.35

 

Options forfeited

 

(116,740)

 

 

8.18

 

Non-vested options at June 30, 2018

 

19,571,980

 

$

9.69

 

 

Summary of activity in the option plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

    

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

 

2018

 

2017

 

2018

 

2017

 

Total intrinsic value of stock options exercised

 

$

35.1

 

$

79.6

 

$

69.4

 

$

114.1

 

Total fair value of stock options vested

 

 

49.5

 

 

44.8

 

 

50.0

 

 

45.5

 

 

Schedule of restricted share activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

Remaining

 

 

 

Restricted

 

Fair Value at 

 

Amortization

 

 

  

Shares

 

Grant Date

 

Term (in years)

 

Restricted shares outstanding at January 1, 2018

 

12,905

 

$

73.25

 

0.37

 

Restricted shares granted

 

 —

 

 

 —

 

 

 

Restricted shares outstanding at March 31, 2018

 

12,905

 

 

73.25

 

0.13

 

Shares vested and issued

 

(13,046)

 

 

73.35

 

 

 

Restricted shares granted

 

14,469

 

 

87.93

 

 

 

Restricted shares outstanding at June 30, 2018

 

14,328

 

$

87.98

 

0.88