Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.0.8
Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Activity Under Share-Based Compensation Plans

The following tables summarize the activity under all share-based compensation plans for the nine months ended September 30, 2014:

 

Stock Options & SARs

   Awards     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value(1)
 
     (In thousands)                   (In millions)  

Outstanding at December 31, 2013(2) (3) (4)

     12,143      $ 33.24         5.3 years       $ 552.9   

Granted

     1,610      $ 59.56         

Exercised

     (832   $ 21.05         

Forfeited

     (99   $ 58.55         
  

 

 

         

Outstanding at September 30, 2014(2) (3) (4)

     12,822      $ 37.14         5.2 years       $ 172.3   
  

 

 

         

Exercisable at September 30, 2014(2) (5)

     8,238      $ 25.57         3.7 years       $ 169.3   
  

 

 

         

 

(1) The intrinsic value is the amount by which the current market value of the underlying stock exceeds the exercise price of the stock awards.
(2) Includes 1.5 million market condition SARs.
(3) Includes 0.9 million market and performance condition SARs.
(4) Includes 0.4 million and 1.0 million performance condition SARs as of December 31, 2013 and September 30, 2014, respectively.
(5) Includes 0.1 million performance condition SARs.

 

Incentive Plan and Independent Directors Stock Units

   Shares     Weighted
Average
Grant Date
Fair Value
 
     (In thousands)        

Outstanding and nonvested December 31, 2013

     144.5      $ 14.36   

Granted

     28.1      $ 59.98   

Vested

     (134.6   $ 10.76   

Forfeited

     (4.1   $ 38.58   
  

 

 

   

Outstanding and nonvested at September 30, 2014

     33.9      $ 63.61