Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.8.0.1
Share-Based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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

 

 

1,358

 

 

$

57.30

 

 

 

 

 

 

 

Exercised

 

 

(2,511

)

 

$

28.62

 

 

 

 

 

 

 

Forfeited

 

 

(321

)

 

$

53.67

 

 

 

 

 

 

 

Outstanding at September 30, 2017(2)(3)

 

 

10,524

 

 

$

46.26

 

 

6.3 years

 

$

237.4

 

Exercisable at September 30, 2017(4)

 

 

6,308

 

 

$

45.61

 

 

4.9 years

 

$

150.6

 

 

(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 September 30, 2017 and December 31, 2016.

(3)

Includes 2.7 million and 2.9 million performance condition SARs as of September 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)

 

 

154

 

 

$

68.84

 

Vested

 

 

(24

)

 

$

62.42

 

Forfeited

 

 

 

 

 

 

Outstanding and nonvested September 30, 2017

 

 

156

 

 

$

68.77

 

 

(1)

This includes 134,388 performance based stock unit awards which represents the maximum amount that can vest.