Rendering

Component: (Network and Table)
Network
2304301 - Disclosure - Stock-based compensation (Tables)
(http://www.amgen.com/role/StockBasedCompensationTables)
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]
 
Components of stock-based compensation expense recognized in the Consolidated Statements of Income
The following table reflects the components of stock-based compensation expense recognized in our Consolidated Statements of Income (in millions):
 
Years ended December 31,
 
2016
 
2015
 
2014
RSUs
$
177

 
$
190

 
$
219

Performance units
123

 
132

 
171

Stock options
11

 

 
18

Total stock-based compensation expense, pretax
311

 
322

 
408

Tax benefit from stock-based compensation expense
(112
)
 
(120
)
 
(152
)
Total stock-based compensation expense, net of tax
$
199

 
$
202

 
$
256

 
 
Summary of RSUs
The following summarizes select information regarding our RSUs:
 
During the year ended December 31, 2016
 
Units
(in millions)
 
Weighted-average
grant date
fair value
Balance nonvested at December 31, 2015
5.0

 
$
118.89

Granted
1.3

 
$
156.76

Vested
(2.0
)
 
$
96.91

Forfeited
(0.4
)
 
$
131.43

Balance nonvested at December 31, 2016
3.9

 
$
141.07

 
 
Summary of stock options
The following summarizes select information regarding our stock options:
 
During the year ended December 31, 2016
 
Options
(in millions)
 
Weighted-
average
exercise price
 
Weighted-
average
remaining
contractual
life (years)
 
Aggregate
intrinsic
value
(in millions)
Balance unexercised at December 31, 2015
2.8

 
$
56.19

 
 
 
 
Granted
1.4

 
$
156.35

 
 
 
 
Exercised
(1.0
)
 
$
52.98

 
 
 
 
Expired/forfeited
(0.1
)
 
$
150.70

 
 
 
 
Balance unexercised at December 31, 2016
3.1

 
$
100.21

 
6.1
 
$
158

Vested or expected to vest at December 31, 2016
3.0

 
$
96.92

 
6.0
 
$
158

Exercisable at December 31, 2016
1.8

 
$
57.95

 
3.7
 
$
158

 
 
Weighted average assumptions used and the resulting weighted average grant date fair value of performance units
The weighted-average assumptions used in the option valuation model and the resulting weighted-average estimated grant date fair value of stock options granted during the year ended December 31, 2016, were as follows:
Closing price of our common stock on grant date
$156.35
Expected volatility (average of implied and historical volatility)
24.3
%
Expected life (in years)
5.8

Risk-free interest rate
1.5
%
Expected dividend yield
2.6
%
Fair value of stock options granted
$27.55
The weighted-average assumptions used in these models and the resulting weighted-average grant date fair values of our performance units were as follows:
 
Years ended December 31,
 
2016
 
2015
 
2014
Closing price of our common stock on grant date
$
156.35

 
$
164.26

 
$
112.43

Volatility
25.8
%
 
24.3
%
 
23.8
%
Risk-free interest rate
0.9
%
 
0.8
%
 
0.8
%
Fair value of unit
$
170.56

 
$
182.55

 
$
104.47