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STOCK-BASED COMPENSATION.
3 Months Ended
Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION.

STOCK OPTIONS.

The following table summarizes the status of, and changes in, our stock options during the first quarter of 2018.
 
 
Options
 
Weighted-
average
exercise
price
Outstanding at December 31, 2017
15,221,123

 
$
66.98

Exercised
(1,492,576
)
 
$
59.69

Forfeited
(24,538
)
 
$
75.74

Expired
(14,364
)
 
$
71.15

Outstanding at March 31, 2018
13,689,645

 
$
67.76

Exercisable at March 31, 2018
9,635,926

 
$
64.42



RESTRICTED SHARES AND STOCK UNITS.

The following table summarizes the status of, and changes in, our nonvested restricted shares and restricted stock units during the first quarter of 2018.
 
Restricted
shares
 
Restricted
stock
units
 
Weighted-average
fair value
Nonvested at December 31, 2017
473,115

 
5,556,911

 
$
82.37

Time-based grants

 
4,741

 
$
106.77

Vested
(1,420
)
 
(10,294
)
 
$
72.43

Forfeited
(3,626
)
 
(37,854
)
 
$
78.52

Nonvested at March 31, 2018
468,069

 
5,513,504

 
$
82.43



Nonvested at March 31, 2018, includes 7,200 performance-based restricted shares and 406,412 performance-based restricted stock units. These performance-based restricted shares and units include 7,200 restricted shares and 291,958 restricted stock units for which the performance period has lapsed and the performance threshold has been met.

FUTURE STOCK-BASED COMPENSATION EXPENSE.

The following table presents the compensation expense (in millions) to be recognized over the remaining vesting periods of the stock-based awards outstanding at March 31, 2018. Estimated future compensation expense will change to reflect future grants of restricted stock awards and units, future option grants, changes in the probability of performance thresholds being met, and adjustments for actual forfeitures.
 
Second quarter 2018
$
46.3

Third quarter 2018
45.7

Fourth quarter 2018
40.1

2019
95.9

2020 through 2023
79.5

Total
$
307.5