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STOCK-BASED COMPENSATION. (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Rollforward of stock options
The following table summarizes the status of, and changes in, our stock options during 2020.
OptionsWeighted-
average
exercise
price
Weighted-average
remaining
contractual
term in
years
Outstanding at December 31, 20197,388,068 $71.06 
Exercised(3,046,414)$69.01 
Forfeited(6,874)$74.48 
Expired(5,724)$53.22 
Outstanding at December 31, 20204,329,056 $72.52 3.1
Exercisable at December 31, 20204,329,056 $72.52 3.1
Rollforward of nonvested restricted shares and restricted stock units
The following table summarizes the status of, and changes in, our nonvested restricted shares and restricted stock units during 2020. 
Restricted
shares
Restricted
stock
units
Weighted-
average
fair value
Nonvested at December 31, 20197,404 6,718,261 $98.75 
Time-based grants7,412 1,780,119 $151.90 
Performance-based grants— 79,164 $153.17 
Vested (value at vest date was $310.5 million)
(7,404)(2,096,963)$92.14 
Nonvested dividend equivalents granted to non-employee directors— 2,356 $123.48 
Forfeited— (115,878)$99.76 
Nonvested at December 31, 20207,412 6,367,059 $116.51 
Future stock-based compensation expense
The following table presents the compensation expense to be recognized over the remaining vesting periods of the stock-based awards outstanding at December 31, 2020. Estimated future compensation expense will change to reflect future grants, changes in the probability of performance thresholds being met, and adjustments for actual forfeitures.
(in millions)
First quarter 2021$58.3 
Second quarter 202157.0 
Third quarter 202156.8 
Fourth quarter 202150.3 
Total 2021222.4 
2022 through 2026215.1 
Total$437.5