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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
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, 2019

 

35,550,668

$

59.77

 

6.81

$

798.6

Options granted

 

40,000

 

78.12

Options exercised

 

(1,269,121)

 

37.30

Options forfeited

 

(40,440)

 

75.17

Options outstanding at March 31, 2019

 

34,281,107

60.60

6.67

1,160.0

Options granted

 

6,105,700

 

89.55

Options exercised

 

(1,816,225)

 

38.18

Options forfeited

 

(55,020)

 

78.67

Options outstanding at June 30, 2019

 

38,515,562

$

66.22

 

7.08

$

1,144.7

Vested and non-vested options expected to vest at June 30, 2019

 

36,141,697

$

65.53

 

7.00

$

1,099.4

Exercisable options at June 30, 2019

 

19,299,462

$

53.60

 

5.66

$

817.2

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, 2019

 

19,289,500

$

9.73

Options granted

 

40,000

 

10.48

Options vested

 

(61,900)

 

8.27

Options forfeited

 

(40,440)

 

9.74

Non-vested options at March 31, 2019

 

19,227,160

9.74

Options granted

 

6,105,700

 

12.27

Options vested

 

(6,061,740)

 

9.19

Options forfeited

 

(55,020)

 

10.87

Non-vested options at June 30, 2019

 

19,216,100

$

10.71

Summary of activity in the option plans

    

Three Months Ended

    

Six Months Ended

 

June 30, 

June 30, 

2019

2018

2019

2018

Total intrinsic value of stock options exercised

$

110.4

$

35.1

$

180.5

$

69.4

Total fair value of stock options vested

 

55.7

 

49.5

 

56.2

 

50.0

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, 2019

 

14,873

$

87.89

0.39

Restricted shares granted

 

 

Restricted shares outstanding at March 31, 2019

 

14,873

87.89

 

0.14

Shares vested and issued

 

(14,873)

 

87.89

Restricted shares granted

 

14,304

 

89.49

Restricted shares outstanding at June 30, 2019

 

14,304

$

89.49

 

0.89