Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Components of share-based compensation expense, net of forfeitures [Table Text Block]

The components of the Company’s share-based compensation expense, net of forfeitures, were as follows:

	December 31,
	2014		2013		2012
	(in millions)
Stock option	$	37	$	36	$	40
Restricted stock(1)	26		46		40
Restricted stock units	67		61		54
Liability awards	30		31		14
Total	$	160	$	174	$	148

⁽¹⁾ Includes $3 million, $10 million and $11 million of expense related to EIP for the years ended December 31, 2014, 2013 and 2012, respectively.

Weighted average assumptions used for stock option grants [Table Text Block]

The following weighted average assumptions were used for stock option grants:

	2014		2013		2012
Dividend yield	2.0	%	3.0	%	2.0	%
Expected volatility	31	%	41	%	45	%
Risk-free interest rate	1.5	%	0.9	%	0.8	%
Expected life of stock option (years)	5.0		5.0		5.0

Summary of stock option activity [Table Text Block]

A summary of the Company’s stock option activity for 2014 is presented below (shares and intrinsic value in millions):

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding at January 1	9.4		$	53.03	5.2	$	583
Granted	1.6		108.32
Exercised	(3.7	)	52.59
Forfeited	(0.1	)	74.77
Outstanding at December 31	7.2		65.07		6.7	485
Exercisable at December 31	4.1		49.92		5.4	334

Summary of restricted stock award activity [Table Text Block]

A summary of activity for the Company’s restricted stock awards, restricted stock units granted to employees (including advisors), compensation deferrals into stock and deferred share units for 2014 is presented below (shares in millions):

	Shares		Weighted Average Grant-date Fair Value
Non-vested shares at January 1	2.8		$	43.87
Granted	0.7		109.71
Deferred	0.3		116.29
Vested	(2.3	)	49.32
Forfeited	(0.1	)	77.97
Non-vested shares at December 31	1.4		80.68