Share-Based Incentive Compensation

3 Months Ended

Mar. 31, 2015

Share-Based Incentive Compensation disclosure

Share-Based Incentive Compensation disclosure [Text Block]

9. SHARE-BASED INCENTIVE COMPENSATION

The following information relates to fully vested stock option awards at March 31, 2015:

Stock Options	Number	Weighted Average Exercise Price		Weighted Average Contractual Life Remaining	AggregateIntrinsic Value($ in millions)
Vested at end of period (1)	8,185,698	$	66.29	6.5 Years	$	342
Exercisable at end of period	5,234,347	$	53.23	5.1 Years	$	287

(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 $47 million and $44 million for the three months ended March 31, 2015 and 2014, respectively.  The related tax benefits recognized in earnings were $16 million and $15 million for the three months ended March 31, 2015 and 2014, respectively.

The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at March 31, 2015 was $211 million, which is expected to be recognized over a weighted-average period of 2.1 years. The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at December 31, 2014 was $123 million, which was expected to be recognized over a weighted-average period of 1.7 years.