XML 47 R35.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Stock-Based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of stock-based compensation expense | Stock-Based Compensation Expense
|  | Three months ended September 30, |  | Nine months ended September 30,
(Millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Cost of sales |  | $ | 8 |  |  | $ | 8 |  |  | $ | 41 |  |  | $ | 39 |
Selling, general and administrative expenses |  | 31 |  |  | 30 |  |  | 145 |  |  | 151 |
Research, development and related expenses |  | 5 |  |  | 5 |  |  | 40 |  |  | 37 |
Stock-based compensation expenses |  | 44 |  |  | 43 |  |  | 226 |  |  | 227 |
Income tax benefits |  | (10) |  |  | (13) |  |  | (56) |  |  | (89) |
Stock-based compensation expenses (benefits), net of tax |  | $ | 34 |  |  | $ | 30 |  |  | $ | 170 |  |  | $ | 138 |
Schedule of stock option activity | The following table summarizes stock option activity during the nine months ended September 30, 2022:
(Options in thousands) |  | Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (months) |  | Aggregate Intrinsic Value (millions)
Under option — |  |  |  |  |  |  |  |
January 1 |  | 34,560 |  |  | $ | 163.52 |  |  |  |  |
Granted |  | 3,776 |  |  | 162.39 |  |  |  |  |
Exercised |  | (1,722) |  |  | 98.27 |  |  |  |  |
Forfeited |  | (537) |  |  | 178.08 |  |  |  |  |
September 30 |  | 36,077 |  |  | 166.30 |  |  | 60 |  | $ | 17 |
Options exercisable |  |  |  |  |  |  |  |
September 30 |  | 28,670 |  |  | $ | 166.58 |  |  | 49 |  | $ | 17 |
Schedule of stock option assumptions | Stock Option Assumptions
|  | Annual 2022
Exercise price |  | $ | 162.41 |
Risk-free interest rate |  | 1.9 | %
Dividend yield |  | 2.9 | %
Expected volatility |  | 21.8 | %
Expected life (months) |  | 83
Black-Scholes fair value |  | $ | 25.34 |
Schedule of restricted stock and restricted stock units activity | The following table summarizes restricted stock and restricted stock unit activity during the nine months ended September 30, 2022:
(Shares in thousands) |  | Number of Shares |  | Weighted Average Grant Date Fair Value
Nonvested balance — |  |  |  |
As of January 1 |  | 1,987 |  |  | $ | 175.96 |
Granted |  | 1,082 |  |  | 160.98 |
Vested |  | (530) |  |  | 199.03 |
Forfeited |  | (101) |  |  | 167.18 |
As of September 30 |  | 2,438 |  |  | 164.67 |
Schedule of performance shares activity | The following table summarizes performance share activity during the nine months ended September 30, 2022:
(Shares in thousands) |  | Number of Shares |  | Weighted Average Grant Date Fair Value
Undistributed balance — |  |  |  |
As of January 1 |  | 481 |  |  | $ | 175.12 |
Granted |  | 269 |  |  | 144.77 |
Distributed |  | (116) |  |  | 207.49 |
Performance change |  | (166) |  |  | 153.04 |
Forfeited |  | (37) |  |  | 156.76 |
As of September 30 |  | 431 |  |  | 157.54 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration