STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2015

STOCK-BASED COMPENSATION

Weighted-average assumptions used to estimate fair value of stock options granted

Stock Awards Plans:
Nine months ended September 30,	2015		2014
Dividend Yield	1.7	%	1.7	%
Expected Stock Price Volatility	21.9	%	22.1	%
Risk-free Interest Rate	1.6	%	2.3	%
Expected Life of Option (years)	6.9		6.9

There were no grants under the Director Stock Option Plan during the third quarter of 2015 as this plan was cancelled and replaced by the Director Restricted Stock Unit Plan.  The fair value of stock options granted under the Director Stock Option Plan during the second quarter of 2014 was $14.07.  These values were estimated on the respective date of the grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:

Director Stock Option Plans:
Nine months ended September 30,	2014
Dividend Yield	1.8	%
Expected Stock Price Volatility	22.2	%
Risk-free Interest Rate	2.2	%
Expected Life of Option (years)	6.9

Summary of option activity

	Stock Awards Plans					Director Stock Option Plans
				Weighted Average					Weighted Average
	Shares			Exercise Price		Shares			Exercise Price
Outstanding, January 1, 2015	8,107,806			$	46.74	368,668			$	53.52
Granted	1,391,355			64.60		--			--
Exercised	(1,077,180		)	36.12		(62,001		)	40.67
Forfeited or expired	(43,648		)	61.85		--			--
Outstanding at September 30, 2015	8,378,333			$	51.00	306,667			$	56.11
Exercisable at September 30, 2015	5,666,597			$	44.94	224,325			$	53.41
Weighted-Average Remaining Contractual Term (Years):
Outstanding at September 30, 2015	6.2					7.1
Exercisable at September 30, 2015	5.0					6.7
Aggregate Intrinsic Value ($000):
Outstanding at September 30, 2015	$	128,066				$	3,080
Exercisable at September 30, 2015	$	120,010				$	2,840
Intrinsic Value of Options Exercised ($000) During the Nine Months Ended:
September 30, 2015	$	31,920				$	1,449
September 30, 2014	$	22,386				$	741

Summary of restricted stock unit activity

					Director Restricted
	Stock Awards Plans				Stock Unit Plan
			Weighted Average			Weighted Average
	Shares		Grant-Date Fair Value		Shares	Grant-Date Fair Value
Nonvested at January 1, 2015	61,750		$	64.09	--	$	--
Granted	11,448		65.87		18,857	63.10
Vested	(13,331	)	56.75		--	--
Nonvested at September 30, 2015	59,867		$	66.06	18,857	$	63.10