XML 47 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Employee Benefit Plans (Tables)
12 Months Ended
Sep. 30, 2016
Compensation Related Costs [Abstract]  
Summarized information related to activity under the Company's Stock Incentive Plan
The following table provides additional information related to stock option activity during fiscal 2016, 2015 and 2014.
 
Year Ended September 30,
 
2016
 
2015
 
2014
 
Stock Options
 
Weighted Average Exercise Price
 
Stock Options
 
Weighted Average Exercise Price
 
Stock Options
 
Weighted Average Exercise Price
Outstanding at beginning of year
15,337,656

 
$
17.50

 
19,478,811

 
$
17.37

 
18,962,536

 
$
15.91

Granted

 

 

 

 
3,856,166

 
23.85

Exercised
(3,504,989
)
 
31.21

 
(3,636,655
)
 
28.75

 
(2,687,724
)
 
16.30

Cancelled or expired
(436,750
)
 
18.45

 
(504,500
)
 
19.89

 
(652,167
)
 
17.68

Outstanding at end of year
11,395,917

 
$
16.69

 
15,337,656

 
$
17.50

 
19,478,811

 
$
17.37

Exercisable at end of year
6,645,967

 
$
14.99

 
6,859,889

 
$
16.51

 
7,207,978

 
$
16.27

Weighted average assumptions of stock options
The fair value of the options was determined on the date of grant using the Black-Scholes option pricing model based on the following weighted average assumptions:
 
Year Ended
 
September 30, 2014
Risk free interest rate
2.01%
Expected life (in years)
6.48
Expected volatility
48.80%
Expected dividend yield
0.63%
Additional information related to performance-based RSUs outstanding
The following table provides additional information related to the performance-based RSUs outstanding at September 30, 2016.
Grant Date
 
Vesting Date
 
Target Number of Performance Units
 
Grant Date Fair Value per Unit
 
Compensation Expense
Year Ended September 30,
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
 
(In millions)
November 2013
 
September 2016
 
350,000
 
$
19.64

 
$
4.4

 
$
5.2

 
$
2.6

November 2014
 
September 2017
 
290,000
 
23.62

 
4.1

 
3.4

 

November 2015
 
September 2018
 
330,000
 
30.81

 
4.0

 

 

 
 
 
 
 
 
 
 
$
12.5

 
$
8.6

 
$
2.6

Additional information related to time-based RSU activity
The following table provides additional information related to time-based RSU activity during fiscal 2016 and 2015.
 
Year Ended September 30,
 
2016
 
2015
 
Number of Restricted Stock Units
 
Weighted Average Grant Date Fair Value
 
Number of Restricted Stock Units
 
Weighted Average Grant Date Fair Value
Outstanding at beginning of year
1,978,262

 
$
25.60

 
26,668

 
$
21.49

Granted
2,117,330

 
23.14

 
2,036,900

 
26.02

Vested
(423,427
)
 
25.57

 
(12,221
)
 
21.48

Cancelled
(193,932
)
 
25.05

 
(73,085
)
 
26.06

Outstanding at end of year
3,478,233

 
$
24.12

 
1,978,262

 
$
25.60