Share-Based Incentive Compensation

6 Months Ended

Jun. 30, 2019

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

SHARE-BASED INCENTIVE COMPENSATION

The following information relates to fully vested stock option awards at June 30, 2019:



Stock Options	Number	Weighted Average Exercise Price		Weighted Average Contractual Life Remaining	Aggregate Intrinsic Value ($ in millions)
Vested at end of period ⁽¹⁾	6,120,874	$	105.70	5.8 years	$	268
Exercisable at end of period	4,202,289	$	95.63	4.5 years	$	226

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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 $35 million and $33 million for the three months ended June 30, 2019 and 2018, respectively, and $80 million and $77 million for the six months ended June 30, 2019 and 2018, respectively. The related tax benefits recognized in the consolidated statement of income were $6 million for each of the three months ended June 30, 2019 and 2018, and $14 million for each of the six months ended June 30, 2019 and 2018.

The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at June 30, 2019 was $202 million, which is expected to be recognized over a weighted-average period of 2.0 years.