Share-Based Incentive Compensation

9 Months Ended

Sep. 30, 2018

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

SHARE-BASED INCENTIVE COMPENSATION

The following information relates to fully vested stock option awards at September 30, 2018:



Stock Options	Number	Weighted Average Exercise Price		Weighted Average Contractual Life Remaining	Aggregate Intrinsic Value ($ in millions)
Vested at end of period ⁽¹⁾	5,977,343	$	99.02	5.6 years	$	191
Exercisable at end of period	3,924,932	$	88.09	4.2 years	$	164

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(1)	Represents awards for which the requisite service has been rendered, including those that are retirement eligible.

The total compensation cost for all share-based incentive compensation awards recognized in earnings was $33 million and $31 million for the three months ended September 30, 2018 and 2017, respectively, and $110 million and $104 million for the nine months ended September 30, 2018 and 2017, respectively. The related tax benefits recognized in the consolidated statement of income were $6 million and $10 million for the three months ended September 30, 2018 and 2017, respectively, and $20 million and $34 million for the nine months ended September 30, 2018 and 2017, respectively.

The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at September 30, 2018 was $172 million, which is expected to be recognized over a weighted-average period of 1.9 years.