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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share
The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share:
 
2015
 
2014
 
2013
(in millions, except per share amounts)
 
 
 
 
 
Computation of Basic Earnings Per Share
 
 
 
 
 
Net income
$
859

 
$
753

 
$
626

Weighted average shares outstanding
267.3

 
289.9

 
305.0

Basic earnings per share
$
3.22

 
$
2.60

 
$
2.05

Computation of Diluted Earnings Per Share
 
 
 
 
 
Net income
$
859

 
$
753

 
$
626

Weighted average shares outstanding
267.3

 
289.9

 
305.0

Effect of dilutive securities
 
 
 
 
 
Employee stock option and appreciation right plans
2.3

 
3.1

 
4.0

Deferred stock incentive plans
0.6

 
0.7

 
0.8

Restricted stock units
2.6

 
3.1

 
3.2

Shares for diluted earnings per share
272.8

 
296.8

 
313.0

Diluted earnings per share
$
3.15

 
$
2.54

 
$
2.00