Rendering
Component: (Network and Table) |
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Network | 2321301 - Disclosure - Share-Based Compensation (Tables) (http://www.anadarko.com/role/ShareBasedCompensationTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0000773910 (http://www.sec.gov/CIK) |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share-Based Compensation Cost Table | The following summarizes share-based compensation expense for the years ended December 31: | | | | | | | | | | | | | millions | 2016 | | 2015 | | 2014 | Restricted stock (1) | $ | 175 |
| | $ | 157 |
| | $ | 144 |
| Stock options (1) | 20 |
| | 19 |
| | 21 |
| Other equity-classified awards | 2 |
| | 1 |
| | 1 |
| Value creation plan | — |
| | (4 | ) | | 136 |
| Performance-based unit awards (1) | 38 |
| | (1 | ) | | 23 |
| Pretax share-based compensation expense | $ | 235 |
| | $ | 172 |
| | $ | 325 |
| Income tax benefit | $ | 86 |
| | $ | 64 |
| | $ | 120 |
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Restricted Stock Activity Table | The following summarizes the Company’s restricted stock activity: | | | | | | | | | Shares (millions) | | Weighted-Average Grant-Date Fair Value (per share) | Non-vested at January 1, 2016 | 3.98 |
| | $ | 82.39 |
| Granted | 3.11 |
| | $ | 52.03 |
| Vested | (2.43 | ) | | $ | 81.19 |
| Forfeited | (0.12 | ) | | $ | 63.78 |
| Non-vested at December 31, 2016 | 4.54 |
| | $ | 62.74 |
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Stock Option Valuation Assumptions Table | The Company used the following weighted-average assumptions to estimate the fair value of stock options granted: | | | | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Weighted-average grant-date fair value | $ | 15.92 | | | $ | 18.18 | | | $ | 23.55 | | Assumptions | | | | | | | | | Expected option life—years | 4.1 | | | 4.9 | | | 4.9 | | Volatility | 38.2 | % | | 32.4 | % | | 29.9 | % | Risk-free interest rate | 1.3 | % | | 1.4 | % | | 1.6 | % | Dividend yield | 0.6 | % | | 1.4 | % | | 1.1 | % |
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Stock Option Activity Table | The following summarizes the Company’s stock option activity: | | | | | | | | | | | | | | | Shares (millions) | | Weighted- Average Exercise Price (per share) | | Weighted- Average Remaining Contractual Term (years) | | Aggregate Intrinsic Value (millions) | Outstanding at January 1, 2016 | 7.05 |
| | $ | 71.86 |
| | | | | Granted | 1.38 |
| | $ | 67.74 |
| | | | | Exercised (1) | (0.90 | ) | | $ | 33.69 |
| | | | | Forfeited or expired | (0.91 | ) | | $ | 72.40 |
| | | | | Outstanding at December 31, 2016 | 6.62 |
| | $ | 76.10 |
| | 3.18 | | $ | 10.6 |
| Vested or expected to vest at December 31, 2016 | 6.56 |
| | $ | 76.15 |
| | 3.16 | | $ | 10.4 |
| Exercisable at December 31, 2016 | 5.05 |
| | $ | 78.61 |
| | 2.22 | | $ | 3.5 |
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__________________________________________________________________ | | (1) | The total intrinsic value of stock options exercised was $7 million during 2016, $23 million during 2015, and $88 million during 2014, based on the difference between the market price at the exercise date and the exercise price. |
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