STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Income Statement Impact from Stock Options

	Years Ended December 31,
	2021			2020			2019
Compensation expense		$	55		$	50		$	47
Future income tax benefit recognized		11			10			10

Share based compensation fair value assumptions

	Years Ended December 31,
	2021				2020				2019
Weighted average fair value per share of options granted during the year(1)		$	32.42			$	21.30			$	21.57
Assumptions:
Expected annual dividend yield		2.31		%		2.59		%		2.65		%
Expected volatility		24.69		%		18.76		%		18.40		%
Risk-free rate of return		0.48		%		1.32		%		2.46		%
Expected option term (years)		4.54				4.62				4.87

(1)Estimated on date of grant using Black-Scholes option-pricing model.

Stock Options Activity

	Number of Options		Weighted Average Exercise Price
Outstanding at December 31, 2018		22,478,581		$	97.83
Granted		3,136,058		155.43
Exercised		(5,897,060)		84.31
Lapsed or canceled		(986,017)		136.15
Outstanding at December 31, 2019		18,731,562		109.87
Granted		3,192,693		176.93
Exercised		(4,424,754)		88.96
Lapsed or canceled		(930,972)		156.62
Outstanding at December 31, 2020		16,568,529		125.75
Granted		2,065,574		204.99
Exercised		(2,016,489)		113.01
Lapsed or canceled		(764,675)		175.42
Outstanding at December 31, 2021		15,852,939		$	135.31
Vested and expected to vest at December 31, 2021(1)		14,694,701		$	131.08
Exercisable at December 31, 2021		10,664,625		$	113.30

(1)Represents the sum of vested options of 10.7 million and expected to vest options of 4.0 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 5.2 million.

Schedule of share based compensation by price ranges

Range of Exercise Prices	Options Outstanding										Options Exercisable
	Number Outstanding		Weighted Average Life(1)		Weighted Average Exercise Price per share			Aggregate Intrinsic Value			Number Exercisable		Weighted Average Exercise Price per share			Aggregate Intrinsic Value
$27.00–$64.99		90,181		0.17		$	56.97		$	14		90,181		$	56.97		$	14
$65.00–$89.99		2,293,585		1.68		79.39			296			2,293,585		79.39			296
$90.00–$99.99		3,341,048		3.44		98.80			367			3,341,048		98.80			366
$100.00–$134.99		2,435,321		5.04		119.69			216			2,314,755		119.19			214
$135.00–$232.99		7,692,804		7.55		173.71			271			2,625,056		158.14			232
		15,852,939		5.41		$	135.28		$	1,164		10,664,625		$	113.30		$	1,122

(1)Average remaining contractual life in years.

Financial Statement Impact From Stock Options Exercised

Options Exercised	Years Ended December 31,
	2021			2020			2019
Intrinsic value(1)		$	219		$	379		$	483
Tax benefit realized		48			84			117

(1)Represents the amount by which the stock price exceeded the exercise price of the options on the date of exercise.

Restricted stock units activity

ended December 31, 2021:

	Number of Restricted Stock Units		Weighted Average Grant Date Fair Value Per Share
Non-vested at December 31, 2018		3,657,873		$	125.35
Granted		1,200,202		162.43
Vested		(1,160,333)		104.32
Forfeited		(457,677)		134.50
Non-vested at December 31, 2019		3,240,065		143.07
Granted		1,551,675		158.52
Vested		(1,001,101)		117.84
Forfeited		(394,116)		145.42
Non-vested at December 31, 2020		3,396,523		148.23
Granted		992,854		214.61
Vested		(1,123,547)		144.34
Forfeited		(308,293)		156.74
Non-vested at December 31, 2021		2,957,536		$	171.73

Income Statement Impact from RSUs

The following table summarizes the impact to the Consolidated Statement of Operations from RSUs:

	Years Ended December 31,
	2021			2020			2019
Compensation expense		$	162		$	118		$	106
Future income tax benefit recognized		23			24			21