Share-Based Incentive Compensation

6 Months Ended

Jun. 30, 2016

Share-Based Incentive Compensation disclosure

Share-Based Incentive Compensation disclosure [Text Block]

10. SHARE-BASED INCENTIVE COMPENSATION

The following information relates to fully vested stock option awards at June 30, 2016:

Stock Options	Number	Weighted Average Exercise Price		Weighted Average Contractual Life Remaining	Aggregate Intrinsic Value ($ in millions)
Vested at end of period (1)	8,006,375	$	78.85	6.5 years	$	322
Exercisable at end of period	4,406,788	$	62.60	4.8 years	$	249

(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 $32 million and $31 million for the three months ended June 30, 2016 and 2015, respectively, and $82 million and $78 million for the six months ended June 30, 2016 and 2015, respectively.  The related tax benefits recognized in the consolidated statement of income were $11 million and $10 million for the three months ended June 30, 2016 and 2015, respectively, and $28 million and $26 million for the six months ended June 30, 2016 and 2015, respectively.

The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at June 30, 2016 was $184 million, which is expected to be recognized over a weighted-average period of 2.0 years.