ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

v3.20.1
STOCK-BASED COMPENSATION PLANS (Tables)
 3 Months Ended
Mar. 31, 2020
STOCK-BASED COMPENSATION PLANS Ìý
Schedule of compensation cost under the stock-based compensation plans

The compensation cost from continuing operations under the stock-based compensation plans for our Company and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International were as follows (dollars in millions):

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Three months

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ended

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March 31,

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2020

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2019

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

$

7

�

$

8

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

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6

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�

7

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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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Three months ended MarchÌý31,Ìý

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2020

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2019

Dividend yield

3.0

%

�

2.9

%

Expected volatility

53.1

%

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54.0

%

Risk-free interest rate

1.5

%

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2.5

%

Expected life of stock options granted during the period

5.9

years

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5.9

years

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Summary of stock option activity under the stock-based compensation plans

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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

ÌýÌýÌýÌý

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, 2020

ÌýÌýÌýÌý

�

5,025

�

$

19.08

�

�

�

�

�

�

Granted

�

�

750

�

�

21.54

�

�

�

�

�

�

Exercised

�

�

(154)

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�

12.55

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�

�

�

�

�

Forfeited

�

�

(8)

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�

26.33

�

�

�

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�

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Outstanding at MarchÌý31,Ìý2020

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�

5,613

�

�

19.57

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�

6.4

�

$

7

Exercisable at MarchÌý31,Ìý2020

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�

4,141

�

�

18.31

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�

5.4

�

�

7

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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, 2020

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�

1,640

�

$

24.61

�

�

427

�

$

24.80

Granted

�

�

822

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�

21.97

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�

237

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�

21.54

Vested

�

�

(561)

(1)(2)

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25.21

�

�

(216)

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�

24.66

Forfeited

�

�

(2)

�

�

25.26

�

�

(4)

�

�

25.63

Nonvested at MarchÌý31,Ìý2020

�

�

1,899

�

�

23.29

�

�

444

�

�

23.12
(1) As of March 31, 2020, a total of 422,755 restricted stock units were vested but not yet issued, of which 33,660 vested during the three months ended March 31, 2020. 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 174,200 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, 2019. During the three months ended March 31, 2020, an additional 165,489 performance share unit awards with a grant date fair value of $26.99 vested above the target in accordance the performance criteria of these awards.