XML 50 R36.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Stock-Based Compensation  
Stock-Based Compensation Expense

​

Stock-Based Compensation Expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended 

​

Six months ended 

 

​

​

June 30,

​

June 30,

​

(Millions)

    

2020

    

2019

    

2020

    

2019

 

Cost of sales

​

$

10

​

$

9

​

$

32

​

$

31

​

Selling, general and administrative expenses

​

 

35

​

 

36

​

 

108

​

 

118

​

Research, development and related expenses

​

 

7

​

 

7

​

 

32

​

 

33

​

Stock-based compensation expenses

​

$

52

​

$

52

​

$

172

​

$

182

​

Income tax benefits

​

​

(15)

​

​

(28)

​

​

(54)

​

​

(108)

​

Stock-based compensation expenses (benefits), net of tax

​

$

37

​

$

24

​

$

118

​

$

74

​

Stock Option Activity

Stock Option Program

​

The following table summarizes stock option activity during the six months ended June 30, 2020:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted

​

​

​

​

​

​

​

​

​

​

​

Average

​

​

​

​

​

    

​

    

Weighted

    

Remaining

    

Aggregate

​

​

​

Number of

​

Average

​

Contractual

​

Intrinsic Value

​

(Options in thousands)

​

Options

​

Exercise Price

​

Life (months)

​

(millions)

​

Under option —

​

​

​

​

​

​

​

​

​

​

​

January 1

 

33,675

​

$

151.15

 

​

​

​

​

 

Granted:

​

​

​

​

​

​

​

​

​

​

​

Annual

 

4,741

​

 

157.26

 

​

​

 

​

 

Exercised

 

(1,639)

​

 

89.34

 

​

​

 

​

 

Forfeited

 

(106)

​

 

185.82

 

​

​

 

​

 

June 30

 

36,671

​

$

154.60

 

68

​

$

593

 

Options exercisable

​

​

​

​

​

​

​

​

​

​

​

June 30

 

28,682

​

$

147.72

 

56

​

$

593

 

Stock Option Assumptions

Stock Option Assumptions

​

​

​

​

​

​

​

​

Annual

​

​

    

2020

​

Exercise price

​

$

157.24

​

Risk-free interest rate

​

 

1.5

%

Dividend yield

​

 

2.7

%

Expected volatility

​

 

19.7

%

Expected life (months)

​

 

78

​

Black-Scholes fair value

​

$

21.58

​

Restricted Stock and Restricted Stock Units Activity

​

Restricted Stock and Restricted Stock Units

​

The following table summarizes restricted stock and restricted stock unit activity during the six months ended June 30, 2020:

​

​

​

​

​

​

​

​

​

​

​

 

​

    

    

    

Weighted

 

​

​

​

​

Average

 

​

​

Number of

​

Grant Date

 

(Shares in thousands)

​

Shares

​

Fair Value

 

Nonvested balance —

​

​

​

​

​

​

As of January 1

 

1,573

​

$

201.11

​

Granted

​

​

​

​

​

​

Annual

 

733

​

 

157.29

​

Other

 

11

​

 

174.03

​

Vested

 

(559)

​

 

176.17

​

Forfeited

 

(34)

​

 

189.07

​

As of June 30

 

1,724

​

$

190.63

​

Performance Shares Activity

The following table summarizes performance share activity during the six months ended June 30, 2020:

​

​

​

​

​

​

​

​

​

​

​

 

​

    

    

    

Weighted

 

​

​

​

​

Average

 

​

​

Number of

​

Grant Date

 

(Shares in thousands)

​

Shares

​

Fair Value

 

Undistributed balance —

​

​

​

​

​

​

As of January 1

 

444

​

$

205.58

​

Granted

 

191

​

 

153.02

​

Distributed

 

(206)

​

 

190.84

​

Performance change

 

23

​

 

161.93

​

Forfeited

 

(11)

​

 

164.61

​

As of June 30

 

441

​

$

188.39

​

​