Share-Based Incentive Compensation

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

SHARE-BASED INCENTIVE COMPENSATION

The following information relates to fully vested stock option awards at June 30, 2022:


Stock Options	Number	Weighted Average Exercise Price		Weighted Average Contractual Life Remaining	Aggregate Intrinsic Value ($ in millions)
Vested at end of period (1)	7,211,916	$	130.88	6.3 years	$	278
Exercisable at end of period	4,433,140	$	122.89	5.0 years	$	205

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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 $41 million and $36 million for the three months ended June 30, 2022 and 2021, respectively, and $100 million and $89 million for the six months ended June 30, 2022 and 2021, respectively. The related tax benefits recognized in earnings were $7 million and $6 million for the three months ended June 30, 2022 and 2021, respectively, and $17 million and $15 million for the six months ended June 30, 2022 and 2021, respectively.

The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at June 30, 2022 was $245 million, which is expected to be recognized over a weighted-average period of 2.0 years.