STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2018

Stock Based Compensation Plans [Abstract]

Income Statement Impact from Stock Options

		Years Ended December 31,
		2018		2017		2016
Compensation expense	$	64	$	79	$	87
Future income tax benefit recognized		13		17		29

Share based compensation fair value assumptions

		Years Ended December 31,
		2018			2017			2016
Weighted average fair value per share of options
granted during the year(1)	$	23.63		$	16.68		$	15.59
Assumptions:
Expected annual dividend yield		2.49	%		2.81	%		2.92	%
Expected volatility		18.93	%		18.96	%		23.07	%
Risk-free rate of return		2.71	%		2.02	%		1.29	%
Expected option term (years)		4.95			5.04			4.97
(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, 2015	30,569,438	$	70.76
Granted	6,281,053		103.51
Exercised	(7,075,852)		57.41
Lapsed or canceled	(1,107,339)		96.81
Outstanding at December 31, 2016	28,667,300		79.57
Granted	5,098,569		125.16
Exercised	(8,840,019)		62.34
Lapsed or canceled	(1,516,557)		109.04
Outstanding at December 31, 2017	23,409,293		94.16
Spin related adjustment(1)	989,158
Granted	3,303,722		148.48
Exercised	(3,399,375)		78.29
Lapsed or canceled	(1,824,217)		123.01
Outstanding at December 31, 2018	22,478,581	$	97.83
Vested and expected to vest at December 31, 2018(2)	21,590,740	$	96.27
Exercisable at December 31, 2018	14,073,120	$	83.42
(1) Additional options granted to offset the dilutive impact of the spin-offs on outstanding options.
(2) Represents the sum of vested options of 14.1 million and expected to vest options of 7.5 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 8.6 million.

Schedule of share based compensation by price ranges

	Options Outstanding						Options Exercisable
			Weighted					Weighted
		Weighted	Average		Aggregate			Average		Aggregate
Range of	Number	Average	Exercise		Intrinsic		Number	Exercise		Intrinsic
Exercise prices	Outstanding	Life(1)	Price		Value		Exercisable	Price		Value
$27.00-$64.99	3,225,142	2.47	$	53.34	$	254	3,225,142	$	53.34	$	254
$65.00-$89.99	4,788,204	4.72		79.22		253	4,788,204		79.22		253
$90.00-$99.99	7,614,190	6.69		98.80		254	4,885,314		98.82		163
$100.00-$134.99	4,155,389	8.12		119.20		54	1,155,376		118.67		16
$135.00-$156.00	2,695,656	9.17		148.45		-	19,084		148.79		-
	22,478,581	6.23		97.83	$	815	14,073,120	$	83.42	$	686
(1) Average remaining contractual life in years.

Financial Statement Impact From Stock Options Exercised

		Years Ended December 31,
Options Exercised		2018		2017		2016
Intrinsic value(1)	$	238	$	620	$	395
Tax benefit realized		47		221		137
(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, 2015	4,981,588	$	82.18
Granted	1,364,469		110.49
Vested	(1,486,173)		68.58
Forfeited	(392,541)		88.88
Non-vested at December 31, 2016	4,467,343		94.17
Granted	1,274,791		129.71
Vested	(1,289,892)		81.37
Forfeited	(505,415)		103.06
Non-vested at December 31, 2017	3,946,827		108.60
Spin related adjustment (1)	154,346
Granted	1,360,338		153.46
Vested	(988,787)		91.68
Forfeited	(814,851)		117.40
Non-vested at December 31, 2018	3,657,873	$	125.35
(1) Additional RSU grants to offset the dilutive impact of the spin-offs on non-vested RSUs.

Income Statement Impact from RSUs

		Years Ended December 31,
		2018		2017		2016
Compensation expense	$	111	$	97	$	97
Future income tax benefit recognized		21		19		30