Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.5.0.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity Under Share-Based Compensation Plans

The following tables summarize the activity under all share-based compensation plans for the six months ended June 30, 2016:

 

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, 2015(2)(3)

 

 

12,076

 

 

$

38.70

 

 

6.6 years

 

$

216.4

 

Granted

 

 

1,373

 

 

$

62.22

 

 

 

 

 

 

 

Exercised

 

 

(505

)

 

$

32.20

 

 

 

 

 

 

 

Forfeited

 

 

(169

)

 

$

48.92

 

 

 

 

 

 

 

Outstanding at June 30, 2016(2) (3)

 

 

12,775

 

 

$

41.35

 

 

6.5 years

 

$

247.9

 

Exercisable at June 30, 2016(4)

 

 

7,796

 

 

$

38.72

 

 

5.0 years

 

$

176.3

 

 

(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 2.9 million and 2.5 million performance condition SARs as of June 30, 2016 and December 31, 2015, respectively.

(3)

Includes 0.1 million market condition SARs.

(4)

Includes 0.9 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, 2015

 

 

34

 

 

$

51.08

 

Granted

 

 

27

 

 

$

62.51

 

Vested

 

 

(31

)

 

$

48.21

 

Forfeited

 

 

 

 

 

 

Outstanding and nonvested June 30, 2016

 

 

30

 

 

$

64.28