Share-Based Compensation Plan (Tables)

6 Months Ended

Jun. 30, 2016

2016 VSEP [Member]

Summary of Fair Value of Value Sharing Equity Program Grants

The fair value of the 2016 VSEP grants was estimated on the date of grant using a Monte Carlo approach model based on the following assumptions

	Range
Risk-free interest rate		0.8%
Weighted-average dividend yield		5.0%
Expected life	3 years
Expected volatility	17%–19%