Current report filing

STOCK COMPENSATION PLANS (Details)

v3.19.2
STOCK COMPENSATION PLANS (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
STOCK COMPENSATION PLANS [Abstract]      
Total stock-based compensation expense $ 225.0 $ 219.0 $ 258.0
Total income tax benefit recognized in consolidated statements of income for share-based compensation arrangements 47.0 $ 44.0 $ 71.0
Total unrecognized compensation cost related to nonvested share-based compensation arrangements granted $ 271.0    
Weighted-average period over which the total unrecognized compensation cost is expected to be recognized (in years) 2 years 6 months    
Weighted-average assumptions used in the Black Scholes Merton option pricing model      
Fair value of options at grant date (in dollars per share) $ 4.97 $ 3.98 $ 4.17
Dividend yield (as a percent) 3.50% 3.60% 3.20%
Expected volatility (as a percent) 15.50% 15.50% 16.00%
Risk-free interest rate (as a percent) 2.80% 2.20% 1.50%
Expected term of the option (in years) 6 years 6 years 6 years
Share-based compensation disclosure      
Granted (in shares) 8,000,000    
Exercised (in shares) (47,000,000) (53,000,000) (50,000,000)
Forfeited/expired (in shares) (1,000,000)    
Outstanding on December 31 133,000,000 173,000,000  
Expected to vest 132,000,000    
Granted, Weighted-Average Exercise Price (in dollars per share) $ 44.49    
Exercised, Weighted-Average Exercise Price (in dollars per share) 31.51    
Forfeited/expired, Weighted-Average Exercise Price (in dollars per share) 41.22    
Outstanding on December 31, Weighted-Average Exercise Price (in dollars per share) 36.74 $ 35.02  
Expected to vest, Weighted-Average Exercise Price (in dollars per share) $ 36.69    
Expected to Vest, Weighted Average Remaining Contractual Life (in years) 4 years 6 months 21 days    
Outstanding on December 31, Weighted-Average Remaining Contractual Life (in years) 4 years 7 months 2 days    
Outstanding on December 31, Aggregate Intrinsic Value (in dollars) $ 1,407.0    
Expected to vest, Aggregate Intrinsic Value (in dollars) $ 1,402.0    
Exercisable on December 31, 2018 114,000,000    
Exercisable on December 31, weighted average exercise price (in dollars per share) $ 35.74    
Exercisable on December 31, Weighted-Average Remaining Contractual Life (in years) 4 years 7 days    
Exercisable on December 31, Aggregate Intrinsic Value (in dollars) $ 1,327.0    
Total intrinsic value of options exercised $ 721.0 $ 744.0 $ 787.0
Vesting period of stock-based awards (in years) 4 years    
Summary disclosures      
Outstanding performance share units at the Threshold Award Level (in shares) 2,400,000    
Outstanding performance share units at the Maximum Award Level (in shares) 15,300,000    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other-than-Options Paid in Cash Equivalent in Period Value   $ 0.4 $ 1.9
CCE's North American business      
Stock-based compensation awards      
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period 10 years    
Share-based compensation disclosure      
Outstanding on December 31 100,000    
Outstanding on December 31, Weighted-Average Exercise Price (in dollars per share) $ 17.35    
Vesting period of stock-based awards (in years) 3 years    
Restricted Stock Units (RSUs) [Member]      
Share-based compensation disclosure      
Vesting period of stock-based awards (in years) 5 years    
Summary disclosures      
Canceled/forfeited (in shares) (102,000)    
Outstanding on January 1, 2018 $ 32.35    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Conversions in Period 2,692,000    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Conversions, Weighted Average Grant Date Fair Value $ 36.24    
Canceled/forfeited, Weighted-Average Grant-Date Fair Value (in dollars per share) 36.18    
Outstanding on December 31 $ 36.24 $ 32.35  
Restricted shares units vested and released (in shares) (6,747,000)    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value $ 32.34    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number 2,591,000 6,748,000  
2014 Equity Plan      
Share-based compensation disclosure      
Common stock was approved to be issued or transferred through the grant of stock options (in shares) 500,000,000    
Number of Shares Available for Grant (in shares) 391,900,000    
Options Plan Approved prior to 2014 [Member]      
Share-based compensation disclosure      
Number of Shares Available for Grant (in shares) 2,900,000    
Stock options granted from 1999 through July 2003      
Stock-based compensation awards      
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period 15 years    
Stock options granted in December 2003 and thereafter      
Stock-based compensation awards      
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period 10 years    
Performance share units [Member]      
Summary disclosures      
Granted 2,183,000    
Paid in cash equivalent (in shares)   (11,052) (52,545)
Canceled/forfeited (in shares) (586,000)    
Outstanding on December 7,698,000 8,212,000  
Outstanding on January 1, 2018 $ 37.14    
Grants in Period, Weighted Average Grant Date Fair Value $ 41.02 $ 34.75 $ 39.70
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Conversions in Period 2,111,000    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Conversions, Weighted Average Grant Date Fair Value $ 36.24    
Canceled/forfeited, Weighted-Average Grant-Date Fair Value (in dollars per share) 37.58    
Outstanding on December 31 $ 38.45 37.14  
Performance share units [Member] | Performance Period 2016 to 2018 [Member]      
Summary disclosures      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number 2,756,000    
Performance share units [Member] | Performance Period 2017 to 2019 [Member]      
Summary disclosures      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number 2,837,000    
Performance share units [Member] | Performance Period 2018 to 2020 [Member]      
Summary disclosures      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number 2,105,000    
Time-Based Restricted Stock Unit Awards      
Summary disclosures      
Granted 1,457,000    
Canceled/forfeited (in shares) (555,000)    
Outstanding on January 1, 2018 $ 40.99    
Grants in Period, Weighted Average Grant Date Fair Value 40.12    
Canceled/forfeited, Weighted-Average Grant-Date Fair Value (in dollars per share) 41.32    
Outstanding on December 31 $ 40.31 $ 40.99  
Restricted shares units vested and released (in shares) (1,015,000)    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value $ 41.80    
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number 3,422,323 3,535,000  
Restricted stock award plan [Member]      
Summary disclosures      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested $ 305.0