XML 26 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Fair Value of Each Stock Option Award is Estimated on Grant Date, Using Option Valuation Models The expected dividend yield is estimated based on the assumption that the dividend yield at date of grant will be maintained over the expected life of the grant.
 
2019
 
  
2018
 
  
2017
 
Risk-free interest rate
 
 
2.50
%
   
2.62
 %    
2.13
 %
Expected volatility
 
 
27
%
   
29
 %    
31
 %
Expected life, in years
 
 
6.18
 
    
6.15
      
6.17
  
Expected dividend yield
 
 
1.16
%
   
1.37
 %    
—
  
Schedule of Stock Option Activity
Information regarding Time Stock Options and SARs and Performance Stock Options and SARs activity during 2019, 2018 and 2017 is summarized below (share amounts in thousands):
 
Time
Stock
Options
and
SARs
 
  
Performance
Stock
Options and
SARs
 
  
Total
Stock
Options
and
SARs
 
  
Weighted
Average
Exercise
Price
 
  
Weighted
Average
Remaining
Contractual Term
 
  
Aggregate
Intrinsic Value
(dollars in millions)
 
Options and SARs outstanding, December 31, 2016
   
10,936
     
6,130
     
17,066
    $
35.65
     
     
 
Granted
   
1,879
     
—
      
1,879
     
81.83
     
     
 
Exercised
   
(1,549
 )    
(1,366
 )    
(2,915
 )    
21.49
     
     
 
Cancelled
   
(110
 )    
(178
 )    
(288
 )    
52.92
     
     
 
                                                 
Options and SARs outstanding, December 31, 2017
   
11,156
     
4,586
     
15,742
     
43.47
     
     
 
Granted
   
2,342
     
—
      
2,342
     
101.96
     
     
 
Exercised
   
(3,917
 )    
(1,774
 )    
(5,691
 )    
27.86
     
     
 
Cancelled
   
(221
 )    
(145
 )    
(366
 )    
68.43
     
     
 
                                                 
Options and SARs outstanding, December 31, 2018
   
9,360
     
2,667
     
12,027
     
61.49
     
     
 
Granted
 
 
1,349
 
  
 
—
 
  
 
1,349
 
  
 
138.31
 
  
 
 
  
 
 
Exercised
 
 
(1,137
)
 
 
(523
)
 
 
(1,660
)
 
 
44.45
 
  
 
 
  
 
 
Cancelled
 
 
(522
)
 
 
—
 
  
 
(522
)
 
 
93.26
 
  
 
 
  
 
 
                                                 
Options and SARs outstanding, December 31, 2019
 
 
9,050
 
  
 
2,144
 
  
 
11,194
 
  
$
71.79
 
  
 
5.7
 
y
ears
 
  
$
851
 
                                                 
Options and SARs exercisable, December 31, 2019
 
 
5,273
 
  
 
2,144
 
  
 
7,417
 
  
$
53.09
 
  
 
4.4
 years
 
  
$
703
 
Schedule of Restricted Stock Units Activity
Information regarding Time RSUs, Performance RSUs and PSUs activity during 2019, 2018 and 2017 is summarized below (share amounts in thousands):
 
Time RSUs
 
  
Performance
RSUs
 
  
PSUs
 
  
Total RSUs
and PSUs
 
  
Weighted
Average
Grant
Date Fair
Value
 
RSUs and PSUs outstanding, December 31, 2016
   
4,111
     
790
     
2,386
     
7,287
    $
61.21
 
Granted
   
1,484
     
—
      
1,304
     
2,788
     
81.90
 
Vested
   
(1,824
 )    
(430
 )    
—
      
(2,254
 )    
51.20
 
Cancelled
   
(306
 )    
(133
 )    
(128
 )    
(567
 )    
64.06
 
                                         
RSUs and PSUs outstanding, December 31, 2017
   
3,465
     
227
     
3,562
     
7,254
     
72.05
 
Granted
   
1,464
     
—
      
1,261
     
2,725
     
101.85
 
Performance adjustment
   
—
      
—
      
1,250
     
1,250
     
69.27
 
Vested
   
(1,487
 )    
(136
 )    
(2,500
 )    
(4,123
 )    
67.33
 
Cancelled
   
(319
 )    
(91
 )    
(151
 )    
(561
 )    
78.82
 
                                         
RSUs and PSUs outstanding, December 31, 2018
   
3,123
     
—
      
3,422
     
6,545
     
86.32
 
Granted
 
 
973
 
  
 
—
 
  
 
796
 
  
 
1,769
 
  
 
138.45
 
Performance adjustment
 
 
—
 
  
 
—
 
  
 
227
 
  
 
227
 
  
 
69.94
 
Vested
 
 
(1,216
)
 
 
—
 
  
 
(1,251
)
 
 
(2,467
)
 
 
75.97
 
Cancelled
 
 
(260
)
 
 
—
 
  
 
(159
)
 
 
(419
)
 
 
103.27
 
                                         
RSUs and PSUs outstanding, December 31, 2019
 
 
2,620
 
  
 
—
 
  
 
3,035
 
  
 
5,655
 
  
$
105.23