XML 77 R48.htm IDEA: XBRL DOCUMENT v3.20.4
EMPLOYEE STOCK BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Year Ended December 31, 2019
Weighted average risk-free interest rate1.59%
Expected volatility25.7%
Weighted average expected term (years)2.65
Expected dividend yield2.89%
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
 Year Ended December 31,
Dollars in Millions202020192018
Cost of products sold$37 $19 $15 
Marketing, selling and administrative332 162 122 
Research and development339 115 84 
Other (income)/expense, net71 145 — 
Total stock-based compensation expense$779 $441 $221 
Income tax benefit(a)
$158 $87 $41 
Share-based Payment Arrangement, Activity [Table Text Block]
 
Stock Options(a)
Restricted Stock UnitsMarket Share UnitsPerformance Share Units
Shares in MillionsNumber of OptionsWeighted-Average Exercise Price of SharesNumber of Nonvested AwardsWeighted-Average Grant-Date Fair ValueNumber of Nonvested AwardsWeighted-Average Grant-Date Fair ValueNumber of Nonvested AwardsWeighted-Average Grant-Date Fair Value
Balance at January 1, 2020101.2 $48.08 34.7 $55.58 1.6 $59.25 3.0 $57.46 
Granted— — 13.1 53.65 0.9 53.92 1.4 55.61 
Released/Exercised(23.8)39.21 (16.1)56.00 (0.6)60.20 (1.0)57.87 
Adjustments for actual payout— — — — — — — — 
Forfeited/Canceled(4.0)61.57 (4.0)54.37 (0.2)56.88 (0.3)55.28 
Balance at December 31, 202073.4 50.25 27.7 54.58 1.7 56.01 3.1 56.72 
Expected to vest23.7 54.58 1.5 56.19 3.2 57.92 
Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block]
Dollars in MillionsStock OptionsRestricted Stock UnitsMarket Share UnitsPerformance Share Units
Unrecognized compensation cost$41 $828 $42 $75 
Expected weighted-average period in years of compensation cost to be recognized1.32.42.81.7
Schedule Of Share Based Compensation Additional Information [Table Text Block]
Amounts in Millions, except per share data202020192018
Weighted-average grant date fair value (per share):
Stock options - replacement awards$— $15.00 $— 
Restricted stock units - replacement awards— 56.37 — 
Restricted stock units53.65 47.16 61.40 
Market share units53.92 51.52 72.33 
Performance share units55.61 49.99 67.60 
Fair value of awards that vested:
Restricted stock units - replacement awards$777 $233 $— 
Restricted stock units122 105 98 
Market share units37 30 40 
Performance share units59 53 103 
Total intrinsic value of stock options exercised556 148 89 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
The following table summarizes significant outstanding and exercisable options at December 31, 2020:
Range of Exercise PricesNumber of Options (in millions)Weighted-Average Remaining Contractual Life (in years)Weighted-Average Exercise Price Per ShareAggregate Intrinsic Value (in millions)
$10 - $4016.5 1.8$26.62 $583 
$40 - $5522.9 4.648.72 305 
$55 - $6523.6 3.959.53 64 
$65+10.4 4.369.90 — 
Outstanding73.4 3.750.25 $952 
Exercisable65.3 3.449.87 $872