Rendering

Component: (Network and Table)
Network
2312301 - Disclosure - SHARE-BASED COMPENSATION (Tables)
(http://www.aflac.com/role/ShareBasedCompensationTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
 
Schedule of Expense Recognized in Connection with Share Based Awards
The following table presents the impact of the expense recognized in connection with share-based awards for the periods ended December 31.
(In millions, except for per-share amounts)
2016
 
2015
 
2014
Impact on earnings from continuing operations
 
$
68

 
 
 
$
39

 
 
 
$
41

 
Impact on earnings before income taxes
 
68

 
 
 
39

 
 
 
41

 
Impact on net earnings
 
46

 
 
 
27

 
 
 
28

 
Impact on net earnings per share:
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
.11

 
 
 
$
.06

 
 
 
$
.06

 
Diluted
 
.11

 
 
 
.06

 
 
 
.06

 
 
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table presents the assumptions used in valuing options granted during the years ended December 31.
 
2016
 
2015
 
2014
Expected term (years)
 
6.4
 
 
 
6.3
 
 
 
6.3
 
Expected volatility
 
27.0
%
 
 
20.0
%
 
 
30.0
%
Annual forfeiture rate
 
3.2
 
 
 
2.8
 
 
 
2.7
 
Risk-free interest rate
 
2.2
 
 
 
2.0
 
 
 
2.8
 
Dividend yield
 
2.9
 
 
 
2.7
 
 
 
2.3
 
 
 
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes stock option activity.
(In thousands of shares)
Stock
Option
Shares
 
Weighted-Average
Exercise Price
Per Share
Outstanding at December 31, 2013
 
9,980

 
 
 
$
47.03

 
Granted in 2014
 
678

 
 
 
61.81

 
Canceled in 2014
 
(115
)
 
 
 
52.01

 
Exercised in 2014
 
(1,236
)
 
 
 
41.04

 
Outstanding at December 31, 2014
 
9,307

 
 
 
48.84

 
Granted in 2015
 
855

 
 
 
61.47

 
Canceled in 2015
 
(231
)
 
 
 
55.70

 
Exercised in 2015
 
(2,013
)
 
 
 
45.15

 
Outstanding at December 31, 2015
 
7,918

 
 
 
50.94

 
Granted in 2016
 
664

 
 
 
61.39

 
Canceled in 2016
 
(181
)
 
 
 
55.63

 
Exercised in 2016
 
(2,061
)
 
 
 
48.91

 
Outstanding at December 31, 2016
 
6,340

 
 
 
$
52.56

 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable
(In thousands of shares)
2016
 
2015
 
2014
Shares exercisable, end of year
 
4,493

 
 
 
6,085

 
 
 
7,497

 
 
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about stock options outstanding and exercisable at December 31, 2016.
(In thousands of shares)
 
 
Options Outstanding
 
Options Exercisable
 
Range of
Exercise Prices
Per Share
 
 
Stock Option
Shares
Outstanding
 
Wgtd.-Avg.
Remaining
Contractual
Life (Yrs.)
 
Wgtd.-Avg.
Exercise
Price
Per Share
 
Stock Option
Shares
Exercisable
 
Wgtd.-Avg.
Exercise
Price
Per Share
 
$
14.99

-
$
47.06

 
 
 
1,639

 
 
 
3.0
 
 
 
$
36.38

 
 
 
1,639

 
 
 
$
36.38

 
 
47.23

-
55.72

 
 
 
1,348

 
 
 
3.8
 
 
 
51.11

 
 
 
1,348

 
 
 
51.11

 
 
56.24

-
61.45

 
 
 
1,706

 
 
 
7.0
 
 
 
59.05

 
 
 
632

 
 
 
57.92

 
 
61.81

-
63.16

 
 
 
1,322

 
 
 
4.1
 
 
 
62.10

 
 
 
802

 
 
 
61.87

 
 
63.34

-
72.42

 
 
 
325

 
 
 
8.5
 
 
 
67.36

 
 
 
72

 
 
 
67.50

 
 
$
14.99

-
$
72.42

 
 
 
6,340

 
 
 
4.8
 
 
 
$
52.56

 
 
 
4,493

 
 
 
$
48.88

 
 
 
Schedule of Cash Proceeds Received from Share-based Payment Awards
The following table summarizes stock option activity during the years ended December 31.
(In millions)
2016
 
2015
 
2014
Total intrinsic value of options exercised
 
$
41

 
 
 
$
36

 
 
 
$
25

 
Cash received from options exercised
 
68

 
 
 
68

 
 
 
39

 
Tax benefit realized as a result of options exercised and
restricted stock releases
 
45

 
 
 
25

 
 
 
17

 
 
 
Schedule of Nonvested Restricted Stock Units Activity
The value of restricted stock awards is based on the fair market value of our common stock at the date of grant. The following table summarizes restricted stock activity during the years ended December 31. 
(In thousands of shares)
Shares
 
Weighted-Average
Grant-Date
Fair Value
Per  Share
Restricted stock at December 31, 2013
 
1,671

 
 
 
$
52.12

 
Granted in 2014
 
584

 
 
 
62.12

 
Canceled in 2014
 
(27
)
 
 
 
52.66

 
Vested in 2014
 
(348
)
 
 
 
56.95

 
Restricted stock at December 31, 2014
 
1,880

 
 
 
54.33

 
Granted in 2015
 
638

 
 
 
61.51

 
Canceled in 2015
 
(145
)
 
 
 
57.52

 
Vested in 2015
 
(558
)
 
 
 
48.41

 
Restricted stock at December 31, 2015
 
1,815

 
 
 
58.42

 
Granted in 2016
 
878

 
 
 
61.68

 
Canceled in 2016
 
(76
)
 
 
 
60.65

 
Vested in 2016
 
(749
)
 
 
 
53.68

 
Restricted stock at December 31, 2016
 
1,868

 
 
 
$
61.76