Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.7.0.1
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
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, 2017:

 

SARs

 

Awards

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value(1)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

(In millions)

 

Outstanding at December 31, 2016(2)(3)

 

 

11,998

 

 

$

41.52

 

 

6.0 years

 

$

148.7

 

Granted

 

 

1,350

 

 

$

57.25

 

 

 

 

 

 

 

Exercised

 

 

(2,421

)

 

$

28.34

 

 

 

 

 

 

 

Forfeited

 

 

(247

)

 

$

50.98

 

 

 

 

 

 

 

Outstanding at June 30, 2017(2)(3)

 

 

10,680

 

 

$

46.28

 

 

6.5 years

 

$

275.1

 

Exercisable at June 30, 2017(4)

 

 

6,337

 

 

$

45.56

 

 

5.1 years

 

$

170.9

 

 

(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 0.1 million market condition SARs as of both June 30, 2017 and December 31, 2016.

(3)

Includes 3.1 million and 2.9 million performance condition SARs as of June 30, 2017 and December 31, 2016, respectively.

(4)

Includes 1.5 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, 2016

 

 

26

 

 

$

62.35

 

Granted(1)

 

 

112

 

 

$

70.14

 

Vested

 

 

(24

)

 

$

62.45

 

Forfeited

 

 

 

 

$

 

Outstanding and nonvested June 30, 2017

 

 

114

 

 

$

69.98

 

 

(1)

This includes 91,610 performance based stock unit awards which represents the maximum amount that can vest.