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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
Share-Based Compensation Plans  
Schedule of stock option activity

 

                                                                                                                                                                                    

Stock Options

 

Option
Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term
(In years)

 

Aggregate
Intrinsic
Value
(In millions)

 

Outstanding at January 1, 2012

 

 

4,515,560

 

$

47.39

 

 

 

 

 

 

 

Exercised

 

 

(1,018,010

)

 

41.40

 

 

 

 

 

 

 

Expired or forfeited

 

 

(92,050

)

 

49.55

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

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Outstanding at December 31, 2012

 

 

3,405,500

 

 

49.12

 

 

 

 

 

 

 

Exercised

 

 

(1,437,053

)

 

48.78

 

 

 

 

 

 

 

Expired or forfeited

 

 

(31,206

)

 

51.37

 

 

 

 

 

 

 

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​  

​  

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Outstanding at December 31, 2013

 

 

1,937,241

 

 

49.35

 

 

 

 

 

 

 

Exercised

 

 

(593,204

)

 

48.58

 

 

 

 

 

 

 

Expired or forfeited

 

 

(16,625

)

 

52.13

 

 

 

 

 

 

 

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Outstanding at December 31, 2014

 

 

1,327,412

 

$

49.66

 

 

2.3

 

$

15.5

 

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Exercisable at December 31, 2014

 

 

1,104,999

 

$

48.43

 

 

2.2

 

$

14.3

 

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​  

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Summary of the status of the Company's non-vested stock options and service and performance RSU changes during the year

 

                                                                                                                                                                                    

Non-vested Options

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Non-vested at January 1, 2014

 

 

683,725

 

$

24.93

 

Forfeited

 

 

(16,625

)

 

25.15

 

Vested

 

 

(444,687

)

 

23.90

 

​  

​  

​  

​  

Non-vested at December 31, 2014

 

 

222,413

 

$

26.98

 

​  

​  

​  

​  

​  

​  

​  

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Summary of certain information concerning outstanding and exercisable options

 

                                                                                                                                                                                    

 

 

 

 

Options Outstanding

 

Options Exercisable

 

Range of
Exercise Price

 

Outstanding
at
December 31,
2014

 

Weighted
Average
Remaining
Contractual
Life in Years

 

Weighted
Average
Exercise Price

 

Exercisable at
December 31,
2014

 

Weighted
Average
Exercise Price
of Options
Exercisable

 

$24 - $28

 

 

6,199 

 

 

0.5 

 

$

25.40 

 

 

6,199 

 

$

25.40 

 

$33 - $38

 

 

152,250 

 

 

1.7 

 

 

34.26 

 

 

152,250 

 

 

34.26 

 

$42 - $45

 

 

402,250 

 

 

2.3 

 

 

42.96 

 

 

402,250 

 

 

42.96 

 

$55 - $57

 

 

724,713 

 

 

2.5 

 

 

55.97 

 

 

502,300 

 

 

56.08 

 

$61 - $67

 

 

42,000 

 

 

3.0 

 

 

64.16 

 

 

42,000 

 

 

64.16 

 

 

 

 

 

 

 

 

 

 

 

 

 

$24 - $67

 

 

1,327,412 

 

 

2.3 

 

$

49.66 

 

 

1,104,999 

 

$

48.43 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the status of the Company's non-vested restricted stock and restricted stock units and changes during the year

 

                                                                                                                                                                                    

Non-vested Shares

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Non-vested at January 1, 2014

 

 

771,780

 

$

59.06

 

Granted

 

 

361,210

 

 

71.14

 

Forfeited

 

 

(17,150

)

 

63.23

 

Vested

 

 

(269,080

)

 

56.00

 

​  

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Non-vested at December 31, 2014

 

 

846,760

 

$

65.10

 

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