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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The weighted-average assumptions used to calculate total stock-based compensation are included in the following table:

Weighted-Average Assumptions
2019
2018
2017
Dividend yield
5.10
%
2.13
%
3.01
%
Expected volatility
26.10
%
23.34
%
23.71
%
Risk-free interest rate
2.43
%
2.83
%
1.28
%
Expected life of stock options granted during period (years)
6.1

6.2

7.5

Life of Employee Stock Purchase Plan (months)
0

0

3
Restricted Stock Issued The following table shows the restricted stock issued under this plan:
 
Restricted Stock
Shares Issued
(in thousands)
Weighted-Average Fair Value
Year
2019
N/A

N/A

2018
36

$
62.82

2017
33

$
62.04
Employee Stock Option  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation, Stock Options, Activity
The following table summarizes stock option activity for 2019:

Stock Options
2019
Shares in thousands
Shares
Exercise
Price 1
Outstanding at Jan 1, 2019
28,846

$
46.70

Granted
1,588

$
54.89

Exercised
(3,196
)
$
30.02

Forfeited/Expired
(239
)
$
60.77

Conversion impact 2
(5,734
)
$
59.62

Outstanding at Dec 31, 2019
21,265

$
45.96

Remaining contractual life in years


4.62

Aggregate intrinsic value in millions
$
237



Exercisable at Dec 31, 2019
18,248

$
43.34

Remaining contractual life in years


3.99

Aggregate intrinsic value in millions
$
237



1. Weighted-average per share.
2. Awards converted at April 1 and June 3 separations.

Additional Information about Stock Options
 
 
 
In millions, except per share amounts
2019
2018
2017
Weighted-average fair value per share of options granted
$
7.99

$
15.38

$
14.44

Total compensation expense for stock option plans
$
23

$
68

$
37

Related tax benefit
$
5

$
15

$
14

Total amount of cash received from the exercise of options
$
93

$
112

$
310

Total intrinsic value of options exercised 1
$
77

$
160

$
286

Related tax benefit
$
17

$
36

$
106


1. Difference between the market price at exercise and the price paid by the employee to exercise the options.
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Performance-based Units Activity
The Company grants RSUs to certain employees and non-employee directors. The grants vest after a designated period of time, generally three years for employees and two years for non-employee directors. The following table shows changes in nonvested RSUs:

RSU Awards
2019
Shares in thousands
Shares
Grant Date
Fair Value 1
Nonvested at Jan 1, 2019
9,735

$
57.41

Granted
1,821

$
54.78

Vested
(7,045
)
$
53.22

Canceled
(156
)
$
60.84

Conversion impact 2
(1,901
)
$
65.87

Nonvested at Dec 31, 2019
2,454

$
59.98

1. Weighted-average per share.
2. Awards converted at April 1 and June 3 separations.
Schedule of value of deferred stock
Additional Information about RSUs
 
 
 
In millions, except per share amounts
2019
2018
2017
Weighted-average fair value per share of RSUs granted
$
54.78

$
71.46

$
61.29

Total fair value of RSUs vested 1
$
375

$
382

$
179

Related tax benefit
$
84

$
86

$
66

Total compensation expense for RSU awards
$
110

$
144

$
178

Related tax benefit
$
25

$
32

$
66


1.
Includes the fair value of shares vested in prior years and delivered in the reporting year.
Performance Stock Units (PSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
The following table shows the PSU awards granted:

PSU Awards
Target
Shares
Granted 1
Grant Date
Fair Value 2
Shares in thousands
Year
Performance Period
2019
Apr 1, 2019 – Dec 31, 2021
1,173

$
57.58

2017
Sep 1, 2017 – Aug 31, 2019
232

$
71.16

2017 3
Jan 1, 2017 – Dec 31, 2019
1,728

$
81.99


1.
At the end of the performance period, the actual number of shares issued can range from zero to 200 percent of target shares granted.
2.
Weighted-average per shar
Schedule of Additional Information About Performance Deferred Stock

The following table shows changes in nonvested PSUs:

PSUs
2019
Shares in thousands
Shares
Grant Date
Fair Value 1
Nonvested at Jan 1, 2019
232

$
71.16

Granted
1,173

$
57.58

Vested
(232
)
$
71.16

Canceled
(52
)
$
57.58

Nonvested at Dec 31, 2019
1,121

$
57.58

1. Weighted-average per share.

Additional Information about PSUs
 
 
 
In millions, except share amounts
2019
2018
2017
Total fair value of PSUs vested and delivered 1
$
18

$
—

$
202

Related tax benefit
$
4

$
—

$
75

Total compensation expense for PSU awards
$
25

$
12

$
106

Related tax benefit
$
6

$
3

$
39

Shares of PSUs settled in cash (in thousands) 2
162

—

616

Total cash paid to settle PSUs 3
$
13

$
—

$
38

1.
Includes the fair value of shares vested in prior years and delivered in the reporting year.
2.
PSU awards vested in prior years and delivered in the reporting year.
3.
Cash paid to certain executive employees for PSU awards vested in prior periods and delivered in the reporting year, equal to the value of the stock award on the date of delivery.
Employees' Stock Purchase Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity
Additional Information about Employee Stock Purchase Plan
 
In millions, except per share amounts
2017
Weighted-average fair value per share of purchase rights granted
$
10.70

Total compensation expense for ESPP
$
38

Related tax benefit
$
14

Total amount of cash received from the exercise of purchase rights
$
179

Total intrinsic value of purchase rights exercised 1
$
48

Related tax benefit
$
18

1.
Difference between the market price at exercise and the price paid by the employee to exercise the purchase rights.