XML 130 R46.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
EMPLOYEE STOCK BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
Year Ended December 31, 2019
Weighted average risk-free interest rate
1.59%
Expected volatility
25.7%
Weighted average expected term (years)
2.65
Expected dividend yield
2.89%

Share-based Payment Arrangement, Cost by Plan [Table Text Block]
 
Year Ended December 31,
Dollars in Millions
2019
 
2018
 
2017
Cost of products sold
$
19

 
$
15

 
$
16

Marketing, selling and administrative
162

 
122

 
103

Research and development
115

 
84

 
80

Other (income)/expense, net
145

 

 

Total stock-based compensation expense
$
441

 
$
221

 
$
199

 
 
 
 
 
 
Income tax benefit
$
87

 
$
41

 
$
59


Share-based Payment Arrangement, Activity [Table Text Block]
 
Stock Options(a)
 
Restricted Stock Units
 
Market Share Units
 
Performance Share Units
Shares in Millions
Number of Options
 
Weighted-Average Exercise Price of Shares
 
Number of Nonvested Awards
 
Weighted-Average Grant-Date Fair Value
 
Number of Nonvested Awards
 
Weighted-Average Grant-Date Fair Value
 
Number of Nonvested Awards
 
Weighted-Average Grant-Date Fair Value
Balance at January 1, 2019
1.7

 
$
17.51

 
5.0

 
$
58.83

 
1.5

 
$
66.76

 
2.8

 
$
63.28

Replacement Awards
105.3

 
47.77

 
32.4

 
56.37

 

 

 

 

Granted

 

 
3.9

 
47.16

 
0.8

 
51.52

 
1.3

 
49.99

Released/Exercised
(5.5
)
 
32.22

 
(5.9
)
 
57.24

 
(0.5
)
 
65.76

 
(0.8
)
 
64.87

Adjustments for actual payout

 

 

 

 

 

 
0.1

 

Forfeited/Canceled
(0.3
)
 
54.98

 
(0.7
)
 
54.43

 
(0.3
)
 
59.12

 
(0.5
)
 
56.71

Balance at December 31, 2019
101.2

 
48.08

 
34.7

 
55.58

 
1.6

 
59.25

 
3.0

 
57.46

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected to vest


 


 
32.3

 
55.66

 
1.4

 
59.45

 
3.6

 
58.27


Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block]
Dollars in Millions
Stock Options
 
Restricted Stock Units
 
Market Share Units
 
Performance Share Units
Unrecognized compensation cost
$
121

 
$
918

 
$
39

 
$
78

Expected weighted-average period in years of compensation cost to be recognized
2.0

 
2.1

 
2.7

 
1.6


Schedule Of Share Based Compensation Additional Information [Table Text Block]
Amounts in Millions, except per share data
2019
 
2018
 
2017
Weighted-average grant date fair value (per share):
 
 
 
 
 
Stock options - replacement awards
$
15.00

 
$

 
$

Restricted stock units - replacement awards
56.37

 

 

Restricted stock units
47.16

 
61.40

 
54.39

Market share units
51.52

 
72.33

 
60.14

Performance share units
49.99

 
67.60

 
57.91

 
 
 
 
 
 
Fair value of awards that vested:
 
 
 
 
 
Restricted stock units - replacement awards
$
233

 
$

 
$

Restricted stock units
105

 
98

 
91

Market share units
30

 
40

 
33

Performance share units
53

 
103

 
84

 
 
 
 
 
 
Total intrinsic value of stock options exercised
148

 
89

 
84


Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
The following table summarizes significant outstanding and exercisable options at December 31, 2019:
Range of Exercise Prices
Number of Options (in millions)
 
Weighted-Average Remaining Contractual Life (in years)
 
Weighted-Average Exercise Price Per Share
 
Aggregate Intrinsic Value (in millions)
$10 - $40
27.2

 
2.7
 
$
24.81

 
$
1,071

$40 - $55
31.3

 
5.7
 
48.69

 
485

$55 - $65
30.4

 
5.0
 
59.48

 
143

$65+
12.3

 
5.7
 
69.89

 

Outstanding
101.2

 
4.7
 
48.08

 
$
1,700

Exercisable
78.6

 
3.9
 
46.65

 
$
1,430