ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

v3.19.2
STOCK-BASED COMPENSATION PLANS (Tables)
 6 Months Ended
Jun. 30, 2019
Schedule of compensation cost under the 2016 Stock Incentive Plan and the Prior Plan

The compensation cost from continuing operations 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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ended

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June 30,

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June 30,

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2019

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2018

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2018

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

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

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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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Six months

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ended

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June 30,

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2019

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2018

Dividend yield

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2.9

%

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1.5

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Expected volatility

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54.0

%

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55.2

%

Risk-free interest rate

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2.5

%

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2.6

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

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Option Awards

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Price

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Term

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Value

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(years)

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Outstanding at January 1, 2019

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4,545

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Granted

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25.42

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Outstanding at June 30, 2019

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5,233

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18.81

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Exercisable at June 30, 2019

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3,786

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Summary of status of nonvested shares

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Nonvested at January 1, 2019

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1,923

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$

19.08

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$

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Granted

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702

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13.53

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Nonvested at June 30, 2019

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1,650

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24.76
(1) As of June 30, 2019, a total of 389,095 restricted stock units were vested but not yet issued, of which 30,486 vested during the six months ended June 30, 2019. 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.

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(2) A total of 412,246 performance share unit awards are reflected in the vested shares in this table, which represents the target number of performance share unit awards for this grant and were included in the balance at December 31, 2018. During the six months ended June 30, 2019, an additional 357,006 performance share unit awards with a grant date fair value of $10.22 vested above the target in accordance the performance criteria of these awards.