Share-Based Incentive Compensation

9 Months Ended

Sep. 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 September 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)	7,667,840	$	79.37	4.8 years	$	270
Exercisable at end of period	5,131,304	$	69.72	3.0 years	$	230

(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 $42 million and $31 million for the three months ended September 30, 2016 and 2015, respectively, and $124 million and $109 million for the nine months ended September 30, 2016 and 2015, respectively.  The related tax benefits recognized in the consolidated statement of income were $14 million and $11 million for the three months ended September 30, 2016 and 2015, respectively, and $42 million and $37 million for the nine months ended September 30, 2016 and 2015, respectively.

The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at September 30, 2016 was $148 million, which is expected to be recognized over a weighted-average period of 1.8 years.