ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

v3.19.3.a.u2
STOCK-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2019
STOCK-BASED COMPENSATION PLANS 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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Year ended DecemberÌý31,Ìý

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2019

ÌýÌýÌýÌý

2018

ÌýÌýÌýÌý

2017

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

$

29

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$

27

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$

36

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

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28

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26

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35
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 DecemberÌý31,Ìý

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2019

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2018

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2019

Dividend yield

2.9

%

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1.6

%

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2.4

%

Expected volatility

54.0

%

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55.2

%

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56.9

%

Risk-free interest rate

2.5

%

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2.6

%

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2.0

%

Expected life of stock options granted during the period

5.9

years

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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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Weighted

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Weighted

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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

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Price

ÌýÌýÌýÌý

Term

ÌýÌýÌýÌý

Value

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(inÌýthousands)

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(years)

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(inÌýmillions)

Outstanding at JanuaryÌý1, 2019

ÌýÌýÌýÌý

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4,545

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$

17.81

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Granted

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896

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22.66

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Exercised

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(366)

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11.19

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Forfeited

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(50)

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25.59

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Outstanding at DecemberÌý31,Ìý2019

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5,025

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19.08

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6.2

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$

30

Exercisable at DecemberÌý31,Ìý2019

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3,600

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16.90

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5.3

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27
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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Grant-Date

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Grant-Date

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Shares

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FairÌýValue

ÌýÌýÌýÌý

Shares

ÌýÌýÌýÌý

FairÌýValue

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(inÌýthousands)

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(inÌýthousands)

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Nonvested at JanuaryÌý1, 2019

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1,923

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$

19.08

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504

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$

20.66

Granted

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709

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24.60

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256

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22.64

Vested

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(974)

(1)(2)

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13.65

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(313)

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16.32

Forfeited

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(18)

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26.29

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(20)

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25.33

Nonvested at DecemberÌý31,Ìý2019

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1,640

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24.61

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427

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24.80
(1) As of December 31, 2019, a total of 389,095 restricted stock units were vested but not yet issued, of which 30,486 vested during 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.
(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 year ended December 31, 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.