Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.8.0.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2018
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 three months ended March 31, 2018:

 

 

 

Number of Awards

 

 

Weighted-Average Exercise Price Per Award

 

 

Weighted-Average Remaining Contractual Term

 

Aggregate Intrinsic Value(1)

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

(in millions)

 

Outstanding as of December 31, 2017(2)(3)

 

 

9,597

 

 

$

46.72

 

 

6.2 years

 

$

212.0

 

Granted

 

 

 

 

$

 

 

 

 

 

 

 

Exercised

 

 

(2,379

)

 

$

40.49

 

 

 

 

 

 

 

Forfeited

 

 

(81

)

 

$

55.92

 

 

 

 

 

 

 

Outstanding as of March 31, 2018(2)(3)

 

 

7,137

 

 

$

48.69

 

 

6.2 years

 

$

348.1

 

Exercisable as of March 31, 2018(4)

 

 

4,992

 

 

$

44.32

 

 

5.3 years

 

$

265.3

 

 

(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 0.1 million market condition SARs as of both March 31, 2018 and December 31, 2017.

(3)

Includes 2.9 million and 3.1 million performance condition SARs as of March 31, 2018 and December 31, 2017, respectively, which represent the maximum amount that can vest.

(4)

Includes 2.0 million performance condition SARs.

The following table summarizes the activities for stock units for the three months ended March 31, 2018:

 

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value Per Share

 

 

 

(in thousands)

 

 

 

 

 

Outstanding and nonvested as of December 31, 2017(1)

 

 

163

 

 

$

68.69

 

Granted(2)

 

 

662

 

 

$

86.30

 

Vested

 

 

(1

)

 

$

61.14

 

Forfeited

 

 

(6

)

 

$

86.30

 

Outstanding and nonvested as of March 31, 2018(1)

 

 

818

 

 

$

82.81

 

 

(1)

Includes 354,418 and 134,388 performance-based stock unit awards as of March 31, 2018 and December 31, 2017, respectively, which represents the maximum amount that can vest.

(2)

Includes 220,030 performance-based stock unit awards, which represents the maximum amount that can vest.