XML 26 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
STOCK-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2014
Stock Based Compensation Plans [Abstract]  
Share based compensation fair value assumptions
   Years Ended December 31, 
   2014  2013  2012 
 Weighted average fair value per share of options         
  granted during the year(1)$16.35 $11.85 $13.26 
 Assumptions:         
  Expected annual dividend yield  2.05% 2.55% 2.57%
  Expected volatility  23.06% 24.73% 30.36%
  Risk-free rate of return  1.48% 0.91% 1.16%
  Expected option term (years)  5.0  5.5  5.8 
           
 (1) Estimated on date of grant using Black-Scholes option-pricing model.     
Stock Options Activity
      Weighted 
      Average 
   Number of  Exercise 
   Options  Price 
 Outstanding at December 31, 2011 38,916,370  $ 43.01 
  Granted 5,788,734    59.86 
  Exercised (8,347,313)    36.52 
  Lapsed or canceled (788,770)    49.76 
 Outstanding at December 31, 2012 35,569,021    47.13 
  Granted 6,041,422    69.89 
  Exercised (10,329,611)    41.91 
  Lapsed or canceled (616,995)    53.84 
 Outstanding at December 31, 2013 30,663,837    53.27 
  Granted 5,823,706    93.95 
  Exercised (5,697,263)    47.47 
  Lapsed or canceled (1,294,668)    67.70 
 Outstanding at December 31, 2014 29,495,612  $ 61.80 
 Vested and expected to vest at December 31, 2014(1) 28,015,623  $ 60.44 
 Exercisable at December 31, 2014 16,019,742  $ 49.40 
         
 (1) Represents the sum of vested options of 16.0 million and expected to vest options of 12.0 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 28.0 million. 
Schedule of share based compensation by price ranges
  Options Outstanding Options Exercisable
    Weighted    Weighted  
   WeightedAverageAggregate   AverageAggregate
Range of  NumberAverageExerciseIntrinsic Number ExerciseIntrinsic
Exercise prices OutstandingLife(1)PriceValue Exercisable PriceValue
$28.35-$39.99 2,029,342 3.71 $ 29.46$ 143  2,029,342 $ 29.46$ 143
$40.00-$49.99 5,971,196 3.86   42.00  346  5,968,696   42.00  346
$50.00-$59.99 10,710,421 6.07  58.36  445  6,777,404  58.12  283
$60.00-$74.99 5,202,747 8.10  69.72  157  1,214,300  69.27  37
$75.00-$95.00 5,581,906 9.16   93.95  33  30,000  93.97  -
  29,495,612 6.40   61.80$ 1,124  16,019,742   49.40$ 809
                 
(1) Average remaining contractual life in years.             
Financial Statement Impact From Stock Options Exercised
   Years Ended December 31, 
 Options Exercised 2014  2013  2012 
 Intrinsic value(1)$ 272 $ 367 $ 202 
 Tax benefit realized  96   129   74 
 Operating cash inflow  172   333   249 
 Financing cash inflow  77   99   56 
 Total cash received  249   432   305 
           
 (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
     Weighted 
     Average 
   Number of Grant Date 
   Restricted Fair Value 
   Stock Units Per Share 
 Non-vested at December 31, 2011 9,746,433 $41.35 
  Granted 2,156,753  59.52 
  Vested (3,380,251)  31.84 
  Forfeited (427,196)  45.78 
 Non-vested at December 31, 2012 8,095,739  49.91 
  Granted 1,904,504  75.73 
  Vested (2,995,553)  42.17 
  Forfeited (312,470)  56.58 
 Non-vested at December 31, 2013 6,692,220  60.04 
  Granted 1,455,209  94.88 
  Vested (1,787,894)  53.63 
  Forfeited (460,341)  63.54 
 Non-vested at December 31, 2014 5,899,194 $70.32 
Income Statement Impact from RSUs
    Years Ended December 31, 
    2014  2013  2012 
 Compensation expense $ 102 $ 100 $ 105 
 Future income tax benefit recognized   37   35   37