XML 24 R48.htm IDEA: XBRL DOCUMENT v2.4.1.9
Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following weighted-average assumptions were utilized in calculating the fair value of options granted during the periods indicated:
 
Year Ended December 31,
 
2014
 
2013
 
2012
Risk-free interest rate
1.6%
 
1.1%
 
1.1%
Dividend yield
5.2%
 
5.4%
 
5.7%
Historical volatility factor
0.236
 
0.356
 
0.377
Weighted-average expected life
6 years
 
6 years
 
5 years
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the Company's share option activity and related information for the year ended December 31, 2014 follows:
 
 
Options (000s)
 
Weighted Average Exercise Price
Outstanding January 1, 2014
 
2,355

 
$
36.90

Granted
 
439

 
37.32

Exercised
 
(44
)
 
30.66

Forfeited
 
(258
)
 
42.69

Outstanding December 31, 2014
 
2,492

 
$
36.48

Exercisable at December 31, 2014
 
1,750

 
$
36.16

Schedule of Share-based Payment Award, Restricted Stock Units, Valuation Assumptions [Table Text Block]
The key assumptions used in the Monte Carlo simulation are as follows:

 
Year Ended December 31,
 
2014
 
2013
 
2012
Risk-free interest rate
0.68%
 
0.35%
 
0.52%
Volatility
24%
 
26%
 
41%
Schedule of Nonvested Share Activity [Table Text Block]
The Company's restricted LTI share activity for the year ended December 31, 2014 is as follows:
 
 
Shares (000s)
 
Weighted Avg. Grant Date Fair value
Nonvested at January 1, 2014
 
786

 
$
35.37

Granted
 
263

 
37.13

Vested
 
(282
)
 
32.93

Forfeited
 
(14
)
 
36.19

Nonvested at December 31, 2014
 
753

 
$
36.89