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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Activity of Restricted Stock Units
The following table summarizes the activity in restricted stock units for employees and non-employee directors during the six months ended June 30, 2022: 
Restricted Stock UnitsSharesWeighted-average Grant-date Fair Value
Unvested at December 31, 2021281,924 $1,914 
Granted167,102 $2,103 
Vested(134,626)$1,778 
Forfeited(22,419)$2,056 
Unvested at June 30, 2022291,981 $2,074 
Activity of Performance Share Units
The following table summarizes the activity in performance share units for employees during the six months ended June 30, 2022:
Performance Share UnitsSharesWeighted-average Grant-date Fair Value
Unvested at December 31, 2021 (1)
108,323 $2,123 
Granted (2),(3)
50,443 $2,210 
Vested(44,276)$1,859 
Performance shares adjustment (4)
34,271 $2,389 
Forfeited(1,521)$2,413 
Unvested at June 30, 2022147,240 $2,293 
(1)    Excludes 12,251 performance share units awarded during the year ended December 31, 2021 for which the grant date under ASC 718, Compensation - Stock Compensation, was not established as of December 31, 2021. Among other conditions, for the grant date to be established, a mutual understanding is required to be reached between the Company and the employee of the key terms and conditions of the award, including the performance targets. The performance targets for each of the annual performance periods under the award are set at the beginning of the respective year.
(2)     Excludes 9,692 performance share units awarded during the six months ended June 30, 2022 for which the grant date under ASC 718 has not been established as of June 30, 2022.
(3)     Includes 7,856 performance share units awarded during the year ended December 31, 2021 for which the grant date under ASC 718 was established.
(4)    Probable outcome for performance-based awards is updated based upon changes in actual and forecasted operating results or expected achievement of performance goals, as applicable, and the impact of modifications.
Activity of Stock Options
The following table summarizes the activity in stock options during the six months ended June 30, 2022: 
Employee Stock Options Number of SharesWeighted-average
 Exercise Price
Aggregate
 Intrinsic Value (in millions)
Weighted-average Remaining Contractual Term
(in years)
Balance, December 31, 2021135,851 $1,407 $135 8.3
Exercised(3,813)$1,359 
Forfeited (3,885)$1,411 
Balance, June 30, 2022128,153 $1,408 $44 7.7
Exercisable at June 30, 20222,117 $1,258 $0.7