Rendering

Component: (Network and Table)
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]
2016-01-01 - 2016-12-31
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


__________________________________________________________________
(1) 
Includes restructuring charges of $31 million for restricted stock, $1 million for stock options, and $7 million for performance-based unit awards in 2016. See Note 17—Restructuring Charges for further discussion.
  
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

  
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
%
  
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


__________________________________________________________________
(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.