STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2017

STOCK-BASED COMPENSATION

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

Stock Awards Plans:
Six Months Ended June 30,	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		1,622,082		74.90		—		—
Exercised		(1,229,978)		46.02		(64,667)		53.21
Forfeited or expired		(77,362)		70.98		—		—
Outstanding at June 30, 2017		8,385,186	$	61.33		216,667	$	57.41
Exercisable at June 30, 2017		5,421,004	$	55.39		216,667	$	57.41
Weighted-Average Remaining Contractual Term (Years):
Outstanding at June 30, 2017		6.6				5.5
Exercisable at June 30, 2017		5.4				5.5
Aggregate Intrinsic Value:
Outstanding at June 30, 2017	$	209,954			$	6,274
Exercisable at June 30, 2017	$	167,929			$	6,274
Intrinsic Value of Options Exercised During the Six Months Ended:
June 30, 2017	$	41,030			$	3,441
June 30, 2016	$	31,595			$	536

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	14,793		80.45
Vested	(40,963)		68.29	(15,745)		75.56
Nonvested at June 30, 2017	109,440	$	72.54	14,793	$	80.45