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Note 3 - Stock Options and Other Stock Plans (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Share-Based Payment Arrangement, Cost by Plan [Table Text Block]

Millions, for the Three Months Ended March 31,

 

2023

   

2022

 

Stock-based compensation, before tax:

               

Stock options

  $ 4     $ 4  

Retention awards

    18       22  

ESPP

    6       4  

Total stock-based compensation, before tax

  $ 28     $ 30  

Excess income tax benefits from equity compensation plans

  $ 6     $ 17  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Weighted-Average Assumptions

 

2023

   

2022

 

Risk-free interest rate

    3.9 %     1.6 %

Dividend yield

    2.6 %     1.9 %

Expected life (years)

    4.5       4.4  

Volatility

    29.3 %     28.7 %

Weighted-average grant-date fair value of options granted

  $ 48.31     $ 51.92  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
 

Options (thous.)

Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (millions)  

Outstanding at January 1, 2023

    1,974     $ 169.64       6.0     $ 86  

Granted

    351       202.81       N/A       N/A  

Exercised

    (34 )     92.22       N/A       N/A  

Forfeited or expired

    (1 )     244.35       N/A       N/A  

Outstanding at March 31, 2023

    2,290     $ 175.84       6.5     $ 73  

Vested or expected to vest at March 31, 2023

    2,269     $ 175.49       6.5     $ 73  

Options exercisable at March 31, 2023

    1,617     $ 159.16       5.4     $ 73  
Cash Proceeds Received and Tax Benefit from Share-Based Payment Awards [Table Text Block]

Millions, for the Three Months Ended March 31,

 

2023

   

2022

 

Intrinsic value of stock options exercised

  $ 4     $ 42  

Cash received from option exercises

    4       15  

Treasury shares repurchased for employee payroll taxes

    (1 )     (5 )

Income tax benefit realized from option exercises

    1       5  

Aggregate grant-date fair value of stock options vested

    14       13  
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]
 

Shares (thous.)

Weighted-Average Grant-Date Fair Value  

Nonvested at January 1, 2023

    1,069     $ 196.47  

Granted

    289       202.81  

Vested

    (296 )     162.38  

Forfeited

    (13 )     202.85  

Nonvested at March 31, 2023

    1,049     $ 207.76  
Schedule of Nonvested Performance-Based Units Activity [Table Text Block]
 

Shares (thous.)

Weighted-Average Grant-Date Fair Value

 

Nonvested at January 1, 2023

    594     $ 199.82  

Granted

    251       202.81  

Vested

    (72 )     186.11  

Unearned

    (127 )     186.11  

Forfeited

    -       -  

Nonvested at March 31, 2023

    646     $ 205.21