SHARE-BASED INCENTIVE PLANS (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Black-Scholes Assumptions

Based on the results of the model, the weighted-average grant date fair value of stock options granted for 2021, 2020, and 2019 were $52.44, $29.53 and $27.89, respectively, using the following assumptions: 

Weighted Average Black-Scholes Assumptions	2021		2020		2019
Risk-free interest rate	0.5	%	1.4	%	2.5	%
Expected volatility	37.7	%	29.3	%	28.5	%
Expected dividend yield	2.5	%	3.2	%	3.4	%
Expected option life, in years	5		5		5

Schedule of Stock Option Activity

The following table summarizes stock option activity during 2021:

In thousands, except per share data	Number of Options	Weighted- Average Exercise Price
Outstanding at January 1	2,268	$	144.54
Granted	165	199.93
Exercised	(1,548)	133.77
Canceled or expired	(41)	186.88
Outstanding at December 31	844	$	173.08
Exercisable at December 31	448	$	176.20

Schedule of Additional Information Related to Stock Options Outstanding

The table below summarizes additional information related to stock options outstanding at December 31, 2021:

Options in thousands / dollars in millions, except per-share data	Outstanding Net of Expected Forfeitures		Options Exercisable
Number of options	837		448
Weighted-average exercise price per share	$	173.01	$	176.20
Aggregate intrinsic value	$	52	$	26
Weighted-average remaining contractual term, in years	6		4

Schedule of Stock Unity Activity

The following table summarizes stock unit activity during 2021:

Stock units in thousands, except per-share data	Number of Stock Units	Weighted- Average Grant Date Fair Value
Non-vested, at January 1	1,003	$	139.62
Granted	381	191.64
Canceled	(113)	147.05
Vested and transferred to unrestricted	(249)	148.22
Non-vested, at December 31	1,022	$	155.92