XML 59 R47.htm IDEA: XBRL DOCUMENT v3.22.4
Share-Based Associate Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award  
Stock Option Information Below is a summary of option information for the year 2022:
(Dollars in millions, except exercise price. Shares in thousands)SharesWeighted-
average
exercise price
Aggregate
intrinsic
value
Weighted-average
remaining contractual
life
Outstanding option shares at January 1, 20223,552 $78.52  
Granted469 123.94  
Exercised(330)59.55  
Forfeited or expired(83)75.95  
Outstanding option shares at December 31, 20223,608 86.21 $73 5.74 years
Options exercisable at end of period2,763 $78.04 $71 4.90 years
Restricted Stock Unit Information elow is a summary of service-based and performance-based share information, assuming a target payout for performance-based shares, for the year 2022:
(Shares in thousands)Service-based
shares
Weighted-
average grant
date fair value
Performance-based
shares
Weighted-
average grant
date fair value
Nonvested at January 1, 2022634 $90.01 139 $103.16 
Granted176 116.22 68 140.50 
Vested(256)81.73 (52)87.97 
Forfeited or canceled(31)101.24 — — 
Nonvested at December 31, 2022523 102.26 155 124.69 
Stock Options  
Share-based Compensation Arrangement by Share-based Payment Award  
Assumptions Used In Option Grants Issued The following weighted average assumptions were used in determining fair value for option grants issued:
 202220212020
Weighted-average expected term
 7-9 years
7-9 years
7-8 years
Expected volatility
26.34-28.87%
25.56-27.81%
16.89-17.13%
Dividend yield2.23%2.62%2.15%
Risk-free rates
1.90-1.92%
0.97-1.26%
1.40-1.41%
Weighted-average fair value of options granted during the period$30.34$19.64$15.45
Performance Based Shares  
Share-based Compensation Arrangement by Share-based Payment Award  
Assumptions Used In Option Grants Issued he following assumptions were used in determining fair value for performance-based grants issued:
 202220212020
Expected term2.86 years2.85 years2.86 years
Expected volatility
30.09-49.28%
29.50-47.26%
15.88-25.13%
Dividend yield2.19%2.62%2.15%
Risk-free rates1.64%0.20%1.30%