ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

v3.10.0.1
STOCK-BASED COMPENSATION PLAN (Tables)
12 Months Ended
Dec. 31, 2018
STOCK-BASED COMPENSATION PLAN Ìý
Schedule of compensation cost under the 2016 Stock Incentive Plan and the Prior Plan

The compensation cost under the 2016 Stock Incentive Plan and the Prior Plan for our Company and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International were as follows (dollars in millions):

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ÌýÌýÌýÌý

Year ended December 31,

Ìý

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2018

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation compensation cost

Ìý

$

27

Ìý

$

36

Ìý

$

32

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International compensation cost

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Ìý

26

Ìý

Ìý

35

Ìý

Ìý

31

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Schedule of assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model

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Year ended December 31,

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ÌýÌýÌýÌý

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2018

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2017

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2016

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Dividend yield

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Ìý

1.6

%

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2.4

%

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5.6

%ÌýÌý

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Expected volatility

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Ìý

55.2

%

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56.9

%

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57.9

%ÌýÌý

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Risk-free interest rate

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2.6

%

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2.0

%

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1.4

%ÌýÌý

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Expected life of stock options granted during the period

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5.9

years

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5.9

years

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5.9

Ìýyears

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Summary of stock option activity under the 2016 Stock Incentive Plan and the Prior Plan

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Weighted

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Weighted

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Average

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Average

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Remaining

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Aggregate

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Exercise

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Contractual

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Intrinsic

Option Awards

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Shares

ÌýÌýÌýÌý

Price

ÌýÌýÌýÌý

Term

ÌýÌýÌýÌý

Value

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(inÌýthousands)

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(years)

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(inÌýmillions)

Outstanding at JanuaryÌý1, 2018

ÌýÌýÌýÌý

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7,988

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$

13.99

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Granted

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509

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32.51

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Exercised

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(3,873)

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11.85

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Forfeited

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(79)

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18.70

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Outstanding at DecemberÌý31,Ìý2018

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4,545

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17.81

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6.5

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$

18

Exercisable at DecemberÌý31,Ìý2018

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2,816

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17.02

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5.6

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10

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Summary of status of nonvested shares

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EquityÌýAwards

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LiabilityÌýAwards

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Weighted

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Weighted

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Average

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Average

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Grant-Date

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Grant-Date

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ÌýÌýÌýÌý

Shares

ÌýÌýÌýÌý

FairÌýValue

ÌýÌýÌýÌý

Shares

ÌýÌýÌýÌý

FairÌýValue

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(inÌýthousands)

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(inÌýthousands)

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Nonvested at JanuaryÌý1, 2018

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2,457

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$

14.93

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696

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$

14.69

Granted

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Ìý

435

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35.04

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169

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32.77

Vested

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(840)

(1)ÌýÌý

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15.67

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(337)

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14.70

Forfeited

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(129)

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16.22

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(24)

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16.66

Nonvested at DecemberÌý31,Ìý2018

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1,923

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19.08

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504

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20.66


(1)

As of December 31, 2018, a total of 358,609 restricted stock units were vested but not yet issued, of which 15,922 vested during 2018. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment.