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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following weighted-average assumptions were used to value the grants in 2023, 2022 and 2021: 
Year Ended December 31,202320222021
Dividend yield1.4 %1.7 %1.7 %
Volatility22.0 %20.6 %18.4 %
Risk-free interest rate4.23 %1.70 %1.10 %
Expected term years556
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes option activity under the plans as of December 31, 2023 and changes during the period then ended (averages are calculated on a weighted basis; life in years; intrinsic value expressed in millions): 
ActivityNumber  of
Options
(000’s)
Average
Exercise
Price
Average
Remaining
Life
Aggregate
Intrinsic
Value
Outstanding at January 1, 20236,720 $164.03 
Granted361 354.16 
Exercised(1,225)137.78 
Cancelled or expired(31)311.86 
Outstanding at December 31, 20235,825 $180.58 5.0$1,341 
Exercisable at December 31, 20234,926 $159.18 4.4$1,239 
Performance Based and Restricted Stock Activity
The following table summarizes non-vested performance-based and restricted stock unit award activity as of December 31, 2023 and changes during the period then ended (shares based on target amounts, averages are calculated on a weighted basis): 
  
Performance-BasedRestricted Stock
Number of
Shares
(000’s)
Average
Grant Date
Fair Value
Number of
Shares
(000’s)
Average
Grant Date
Fair Value
Non-vested at January 1, 2023583 $226.04 646 $190.33 
Granted 342 385.10 161 332.69 
Vested(340)174.99 (154)176.06 
Cancelled and Forfeited(13)156.14 (15)163.12 
Non-vested at December 31, 2023572 $281.11 638 $232.15