Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Employee Incentive Plan IV

Stock-Based Compensation arrangements

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The following assumptions were used to determine the period-end fair value of the SEIP IV liability using a Monte Carlo simulation model:

	September 30, 2015
Stock price volatility	39.3	%
Risk free rate of return	0.6	%
Annual salary increase rate	4.0	%
Annual turnover rate	4.6	%

TSR Performance Share Awards

Stock-Based Compensation arrangements

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The following assumptions were used to determine the grant date fair value of the equity component (February 19, 2015) and the period-end fair value of the liability component of the TSR Performance Share Awards:

	Grant Date			September 30, 2015
Fair value per performance share award	$	19.29		$7.66 - $10.04
Assumptions:
Stock price volatility	32.3		%	29.8% - 39.2%
Risk free rate of return	1.0		%	0.0% - 0.7%
Expected dividend yield	0.3		%	0.4	%