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Employee Stock and Savings Plans (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of assumptions used to determine fair value of stock options granted
The fair values of stock options granted were estimated on the date of grant using a binomial option-pricing model with the following assumptions:
 
2018

2017

2016
Expected life (in years)
6.3

 
6.3

 
6.4

Average risk-free interest rate
2.2
%
 
2.2
%
 
1.9
%
Expected volatility
28.3
%
 
28.9
%
 
29.3
%
Expected dividend yield
0
%
 
0
%
 
0
%
Summary of stock option activity
A summary of stock option activity is as follows:
 
Shares
(In thousands)
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
(In millions)
Stock options outstanding - December 31, 2017
13,791

 
$
28.17

 
 
 
 
Granted
1,283

 
70.11

 
 
 
 
Forfeited
(332
)
 
57.65

 
 
 
 
Exercised
(2,690
)
 
18.62

 
 
 
 
Stock options outstanding - December 31, 2018
12,052

 
$
33.96

 
5.2
 
$
477

Stock options exercisable - December 31, 2018
9,319

 
$
26.20

 
4.3
 
$
441

Summary of restricted stock unit an performance share unit activity
A summary of restricted stock and performance share unit activity is as follows:
 
 
Restricted Stock Units
 
Performance Share Units
 
 
Shares
(In thousands)
 
Weighted-
Average
Grant Date
Fair Value
 
Shares
(In thousands)
 
Weighted-
Average
Grant Date
Fair Value
Units - December 31, 2017
 
1,942

 
$
44.35

 
402

 
$
52.16

Granted
 
569

 
71.13

 
164

 
75.40

Forfeited
 
(173
)
 
54.72

 
(42
)
 
55.42

Vested
 
(517
)
 
39.03

 

 

Units - December 31, 2018
 
1,821

 
$
53.22

 
524

 
$
57.60

Schedule of additional information related to stock option and restricted stock unit activity
The table below presents additional information related to stock option and restricted stock unit activity:
(In millions)
 
2018
 
2017
 
2016
Total intrinsic value of stock options exercised
 
$
147

 
$
116

 
$
113

Fair value of restricted stock units vested
 
37

 
61

 
58

Income tax benefit from stock options exercised and restricted stock units vested
 
43

 
66

 
62

Cash received from stock options exercised
 
29

 
36

 
39