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Incentive Stock Programs (Tables)
12 Months Ended
Dec. 31, 2015
Incentive Stock Programs  
Stock options outstanding and exercisable

 

                                                                                                                                                                                    

 

 

Options Outstanding

 

Exercisable Options

 

 

 

Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Life (Years)

 

Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Life (Years)

 

December 31, 2014

 

 

36,796,700

 

$

27.83

 

 

4.1

 

 

29,276,499

 

$

25.60

 

 

3.0

 

​  

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Granted

 

 

5,577,553

 

 

47.16

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(7,557,745

)

 

24.68

 

 

 

 

 

 

 

 

 

 

 

 

 

Lapsed

 

 

(253,951

)

 

36.19

 

 

 

 

 

 

 

 

 

 

 

 

 

​  

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December 31, 2015

 

 

34,562,557

 

$

31.57

 

 

4.5

 

 

25,119,505

 

$

27.18

 

 

3.0

 

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Fair value assumptions

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

2013

 

Risk-free interest rate

 

 

1.8 

%

 

1.9 

%

 

1.1 

%

Average life of options (years)

 

 

6.0 

 

 

6.0 

 

 

6.0 

 

Volatility

 

 

17.0 

%

 

20.0 

%

 

20.0 

%

Dividend yield

 

 

2.0 

%

 

2.2 

%

 

1.6 

%