XML 67 R45.htm IDEA: XBRL DOCUMENT v3.6.0.2
Share-Based Incentive Compensation (tables)
12 Months Ended
Dec. 31, 2016
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,)
  2016   2015   2014

Assumptions used in estimating fair value of options on grant date

           

Expected term of stock options

  5 - 6 years   6 years   6 years

Expected volatility of Company's stock

  15.14% - 16.80%   19.29%   27.2% - 27.5%

Weighted average volatility

  16.79%   19.29%   27.5%

Expected annual dividend per share

  $2.44 - $2.68   $2.20   $2.00 - $2.20

Risk-free rate

  1.36% - 2.23%   1.31%   1.81% - 1.82%
Additional information regarding option grants [Table Text Block]


 

(for the year ended December 31,)
  2016   2015   2014

Additional information

           

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

  $13.29   $15.78   $17.22

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

  $167   $120   $117
     
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

    9,864,255   $ 74.48            

Original grants

    2,847,398     106.21            

Exercised

    (4,069,532 )   69.13            

Forfeited or expired

    (82,085 )   97.44            

Outstanding, end of year

    8,560,036   $ 87.36   6.8 years   $ 300  

Vested at end of year(1)

    5,588,061   $ 80.74   6.0 years   $ 233  

Exercisable at end of year

    3,007,663   $ 65.18   4.2 years   $ 172  

(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

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

Granted

    676,736     106.93     476,411     106.03  

Vested

    (667,650 )(1)   86.85     (818,360 )(2)   84.43  

Forfeited

    (68,552 )   97.82     (63,495 )   100.02  

Performance-based adjustment

            100,073 (3)   88.22  

Nonvested, end of year

    1,376,492   $ 97.75     796,618   $ 106.03  

(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 2014 through 2016.