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Equity Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2014
Equity Incentive Plans  
Assumptions used to determine the fair value of options granted

 

 

 
  2014   2013   2012  

Weighted average expected term

    6.5 years     8.2 years     9.0 years  

Expected volatility

    16.8 - 42.2%     19.1 - 48.1%     20.2 - 53.9%  

Weighted average volatility

    28.3%     31.0%     34.6%  

Expected dividends

    1.7 - 2.2%     1.9 - 2.2%     2.2 - 3.0%  

Weighted average expected dividends

    2.1%     2.2%     2.8%  

Risk-free rate

    0.0 - 3.0%     0.0 - 2.9%     0.0 - 2.2%  
Summary of option activity

 

 

 
  Number
(in 000s)
  Weighted
average
exercise
price
  Aggregate
intrinsic
value
(in 000s)
  Weighted
average
remaining
contractual
term (years)
 

Outstanding as of January 1, 2014

    23,982   $ 40.60              

Granted

    2,499     52.43              

Exercised

    (7,750 )   40.55              

Forfeited

    (535 )   41.67              

Expired

    (207 )   56.44              

Outstanding as of December 31, 2014

    17,989     42.05   $ 507,227     5.4  

Outstanding, net of expected forfeitures

    17,856     42.02     504,113     5.4  

Outstanding, exercisable ("vested")

    10,872     41.19     315,929     3.8  
Changes in restricted stock units

 

 

 
  Number
(in 000s)
  Weighted
average
grant date
fair value
 

Nonvested as of January 1, 2014

    2,840   $ 35.89  

Granted

    755     52.70  

Vested

    (1,098 )   32.07  

Forfeited

    (217 )   42.46  

Nonvested as of December 31, 2014

    2,280     42.71  
Changes in performance stock units

 

 

 
  Number
(in 000s)
  Weighted
average
grant date
fair value
 

Nonvested as of January 1, 2014

    843   $ 36.38  

Granted

    259     52.18  

Adjustment for performance achievement

    240     37.35  

Vested

         

Forfeited

    (38 )   36.41  

Nonvested as of December 31, 2014

    1,304     39.70