STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2016

STOCK-BASED COMPENSATION

Weighted-average assumptions used to estimate fair value of stock options granted

Stock Awards Plans:
Nine Months Ended September 30,	2016		2015
Dividend Yield	1.8	%	1.7	%
Expected Stock Price Volatility	20.4	%	21.9	%
Risk-free Interest Rate	1.6	%	1.6	%
Expected Life of Option (years)	6.7		6.9

Summary of option activity

	Stock Awards Plans					Director Stock Option Plans
			Weighted Average				Weighted Average
		Options	Exercise Price			Options	Exercise Price
Outstanding, January 1, 2016		8,032,030	$	51.44		303,501	$	56.00
Granted		1,481,180		71.17		—		—
Exercised		(1,149,958)		42.83		(22,167)		50.37
Forfeited or expired		(130,374)		62.29		—		—
Outstanding at September 30, 2016		8,232,878	$	56.02		281,334	$	56.45
Exercisable at September 30, 2016		5,463,806	$	49.66		255,998	$	55.44
Weighted-Average Remaining Contractual Term (Years):
Outstanding at September 30, 2016		6.3				6.1
Exercisable at September 30, 2016		5.0				6.0
Aggregate Intrinsic Value:
Outstanding at September 30, 2016	$	176,104			$	5,897
Exercisable at September 30, 2016	$	151,634			$	5,623
Intrinsic Value of Options Exercised During the Nine Months Ended:
September 30, 2016	$	38,514			$	536
September 30, 2015	$	31,920			$	1,449

Summary of restricted stock unit activity

				Director Restricted
	Stock Awards Plans			Stock Unit Plan
		Weighted Average			Weighted Average
	RSUs	Grant-Date Fair Value		RSUs	Grant-Date Fair Value
Nonvested at January 1,  2016	66,376	$	66.61	18,857	$	63.10
Granted	21,754		73.45	15,745		75.56
Vested	(11,371)		61.96	(18,857)		63.10
Forfeited	(4,632)		68.00	—		—
Nonvested at September 30, 2016	72,127	$	69.31	15,745	$	75.56