EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Schedule of Compensation Expense

The compensation expense that has been charged against income for these plans was as follows for the years ended December 31, 2022, 2021, and 2020:

	2022		2021		2020
	(in millions)
Stock-based compensation expense by type:
Restricted stock	$	207	$	171	$	171
Stock options	9		9		10
Total stock-based compensation expense	216		180		181
Tax benefit recognized	(28)		(15)		(29)
Stock-based compensation expense, net of tax	$	188	$	165	$	152

Schedule of Restricted Stock Awards Activity

Activity for our restricted stock was as follows for the year ended December 31, 2022:

	Shares	Weighted- Average Grant-Date Fair Value
	(shares in thousands)
Nonvested restricted stock at December 31, 2021	873	$	380.55
Granted	492	430.06
Vested	(449)	342.42
Forfeited	(103)	292.28
Nonvested restricted stock at December 31, 2022	813	$	429.22

Schedule of Weighted-Average Fair Value Assumptions

The fair value was estimated on the date of grant using the Black-Scholes pricing model with the weighted-average assumptions indicated below:

	2022			2021			2020
Weighted-average fair value at grant date	$	113.35		$	92.21		$	69.73
Expected option life (years)	3.6 years			3.7 years			4.0 years
Expected volatility	36.1		%	33.8		%	24.9		%
Risk-free interest rate at grant date	1.8		%	0.4		%	1.2		%
Dividend yield	0.7		%	0.7		%	0.7		%

Schedule of Activity for Option Plans

Activity for our option plans was as follows for the year ended December 31, 2022:

	Shares  Under Option	Weighted-Average Exercise Price
	(shares in thousands)
Options outstanding at December 31, 2021	310	$	339.08
Granted	65	425.32
Exercised	(163)	319.27
Forfeited	(8)	370.26
Options outstanding at December 31, 2022	204	$	381.37
Options exercisable at December 31, 2022	48	$	345.90