XML 69 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
Share-Based Incentive Compensation (tables)
12 Months Ended
Dec. 31, 2015
Share-Based Incentive Compensation disclosure  
Assumptions used in estimating fair value of options on grant date [Table Text Block]

 

(for the year ended December 31,)
  2015   2014   2013

Assumptions used in estimating fair value of options on grant date

           

Expected term of stock options

  6 years   6 years   6 years

Expected volatility of Company's stock

  19.29%   27.2% - 27.5%   28.7% - 28.8%

Weighted average volatility

  19.29%   27.5%   28.8%

Expected annual dividend per share

  $2.20   $2.00 - $2.20   $1.84

Risk-free rate

  1.31%   1.81% - 1.82%   1.11% - 1.14%
Additional information regarding option grants [Table Text Block]

 

(for the year ended December 31,)
  2015   2014   2013

Additional information

 
 
 
 
 
 

Weighted average grant-date fair value of options granted (per share)

  $15.78   $17.22   $17.09

Total intrinsic value of options exercised during the year (in millions)

  $120   $117   $122
​ ​ ​ ​ ​ ​ ​
Summary of stock option activity under the Company's 2014 Incentive Plan and legacy share-based incentive compensation plans [Table Text Block]

 

 

Stock Options
  Number   Weighted
Average
Exercise
Price
  Weighted
Average
Contractual
Life
Remaining
  Aggregate
Intrinsic
Value
($ in millions)
 

Outstanding, beginning of year

    10,024,860   $ 63.08            

Original grants

    2,244,464     106.04            

Exercised

    (2,310,548 )   55.16            

Forfeited or expired

    (94,521 )   87.17            

Outstanding, end of year

    9,864,255   $ 74.48   6.6 years   $ 379  

Vested at end of year(1)

    7,226,516   $ 68.80   6.0 years   $ 318  

Exercisable at end of year

    4,155,912   $ 53.51   4.3 years   $ 247  

(1)
Represents awards for which the requisite service has been rendered, including those that are retirement eligible.
Summary of restricted stock units, deferred stock units and performance share activity [Table Text Block]

 

 

 
  Restricted and Deferred Stock
Units
  Performance Shares  
Other Equity Instruments
  Number   Weighted Average
Grant-Date
Fair Value
  Number   Weighted Average
Grant-Date
Fair Value
 

Nonvested, beginning of year

    1,760,971   $ 72.40     1,290,069   $ 79.46  

Granted

    607,200     106.02     460,855     106.04  

Vested

    (789,538 )(1)   69.03     (676,177 )(2)   79.28  

Forfeited

    (142,675 )   73.57     (31,352 )   86.41  

Performance-based adjustment

            58,594 (3)   94.06  

Nonvested, end of year

    1,435,958   $ 88.35     1,101,989   $ 91.27  

(1)
Represents awards for which the requisite service has been rendered.

(2)
Reflects the number of performance shares attributable to the performance goals attained over the completed performance period (three years) and for which service conditions have been met.

(3)
Represents the current year change in estimated performance shares to reflect the attainment of performance goals for the awards that were granted in each of the years 2013 through 2015.