STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

STOCK-BASED COMPENSATION

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

Stock Awards Plans:
Three Months Ended March 31,	2017		2016
Dividend Yield	1.7	%	1.8	%
Expected Stock Price Volatility	15.8	%	16.9	%
Risk-free Interest Rate	2.2	%	1.6	%
Expected Life of Option (years)	6.7		6.7

Summary of option activity

	Stock Awards Plans					Director Stock Option Plans
			Weighted Average				Weighted Average
		Options	Exercise Price			Options	Exercise Price
Outstanding, January 1, 2017		8,070,444	$	56.36		281,334	$	56.45
Granted		1,607,773		74.79		—		—
Exercised		(452,677)		40.41		—		—
Forfeited or expired		(12,357)		69.22		—		—
Outstanding at March 31, 2017		9,213,183	$	60.35		281,334	$	56.45
Exercisable at March 31, 2017		6,198,605	$	54.63		255,998	$	55.44
Weighted-Average Remaining Contractual Term (Years):
Outstanding at March 31, 2017		6.7				5.7
Exercisable at March 31, 2017		5.5				5.5
Aggregate Intrinsic Value:
Outstanding at March 31, 2017	$	154,089			$	5,802
Exercisable at March 31, 2017	$	139,129			$	5,536
Intrinsic Value of Options Exercised During the Three Months Ended:
March 31, 2017	$	15,289			$	—
March 31, 2016	$	16,973			$	436

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,  2017	72,127	$	69.31	15,745	$	75.56
Granted	78,276		73.29	—		—
Vested	(40,963)		68.29	—		—
Forfeited	—		—	—		—
Nonvested at March 31, 2017	109,440	$	72.54	15,745	$	75.56