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Capital Stock (Tables)
12 Months Ended
Dec. 31, 2017
Capital [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity for the year ended December 31, 2017 is as follows:
 
Number of
Shares
 
Weighted-Average
Option Price per
Share
 
Weighted-Average
Remaining
Contractual Life
(Years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2017
5.6

 
$
102.80

 
 
 
 
Granted
1.1

 
167.57

 
 
 
 
Exercised
(2.2
)
 
89.88

 
 
 
 
Forfeited or expired
(0.2
)
 
142.51

 
 
 
 
Outstanding at December 31, 2017
4.3

 
124.31

 
6.15
 
$
433.0

Exercisable at December 31, 2017
2.6

 
107.07

 
4.72
 
$
312.3

Summary of Nonvested Restricted Stock Activity Including Restricted Stock Units
A summary of the status of nonvested restricted stock activity, including restricted stock units, for the year ended December 31, 2017 is as follows:
 
Restricted
Stock Shares
and Units
 
Weighted-Average
Grant Date
Fair Value
per Share
Nonvested at January 1, 2017
2.1

 
$
127.68

Granted
0.8

 
174.44

Vested
(0.8
)
 
110.39

Forfeited
(0.1
)
 
148.77

Nonvested at December 31, 2017
2.0

 
152.20

Summary of Weighted-Average Assumptions Used to Estimate the Fair Values of Options Granted During the Periods
The following weighted-average assumptions were used to estimate the fair values of options granted during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
Risk-free interest rate
2.31
%
 
1.76
%
 
1.96
%
Volatility factor
32.00
%
 
32.00
%
 
31.00
%
Dividend yield (annual)
1.60
%
 
2.00
%
 
1.70
%
Weighted-average expected life (years)
4.00

 
4.10

 
4.00

Schedule of Weighted-Average Fair Values Determined For the Periods
The following weighted-average fair values were determined for the years ending December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
Options granted during the year
$
40.88

 
$
30.56

 
$
33.97

Restricted stock awards granted during the year
174.44

 
131.81

 
147.00

Summary of Cash Dividend Activity
A summary of the cash dividend activity for the years ended December 31, 2017 and 2016 is as follows: 
Declaration Date
 
Record Date
 
Payment Date
 
Cash Dividend per
Share
 
Total
Year ended December 31, 2017
 
 
 
 
 
 
February 22, 2017
 
March 10, 2017
 
March 24, 2017
 
$
0.65

 
$
172.2

April 27, 2017
 
June 9, 2017
 
June 23, 2017
 
0.65

 
171.8

July 25, 2017

September 8, 2017

September 25, 2017
 
0.70

 
181.4

October 24, 2017
 
December 5, 2017
 
December 21, 2017
 
0.70

 
179.5

 
 
 
 
 
 
 
 
 
Year ended December 31, 2016
 
 
 
 
 
 
February 18, 2016
 
March 10, 2016
 
March 25, 2016
 
$
0.65

 
$
170.7

April 26, 2016
 
June 10, 2016
 
June 24, 2016
 
0.65

 
170.9

July 26, 2016
 
September 9, 2016
 
September 26, 2016
 
0.65

 
171.1

November 1, 2016
 
December 5, 2016
 
December 21, 2016
 
0.65

 
171.3

Summary of Share Repurchases
A summary of common stock repurchases for the period January 1, 2018 through February 9, 2018 (subsequent to December 31, 2017) and for the year ended December 31, 2017 is as follows:
 
January 1, 2018
through
February 9, 2018
 
Year Ended December 31, 2017
 
Shares repurchased
0.7


10.5

Average price per share
$
237.35


$
189.93

Aggregate cost
$
156.6


$
1,997.7

Authorization remaining at end of year
$
7,021.5


$
7,178.1