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Stock Plans | 12 Months Ended
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Dec. 31, 2015
Disclosure Text Block Abstract |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 11 Stock Plans Stock Option and Award Programs Under the 2007 Incentive Compensation Plan and previously under the 1 998 Incentive Compensation Plan, awards may be granted to employees and other key individuals who perform services for the Company and its participating subsidiaries. These awards may be in the form of stock options, restricted stock awards or units (RSAs), portfolio grants (PGs) or other incentives, and similar awards designed to meet the requirements of non-U.S. jurisdiction s. For the Company’s Incentive Compensation Plans, ther e were a total of 33 million common shares unissued and available for grant as of December 31, 2015, and 35 million common shares unissued and available for grant as of December 31, 2014 and 2013, as authorized by the Company’s Board of Directors and shareholders. A summary of stock option and RSA activity as of December 31, 2015, and changes during the year is presented below:
|  |  | Stock Options |  | RSAs
(Shares in thousands) |  | Shares |  | Weighted-Average Exercise Price |  | Shares |  | Weighted-Average Grant Price
Outstanding as of December 31, 2014(a) |  | 13,416 |  | $ | 44.88 |  | 7,874 |  | $ | 64.48
Granted |  | 301 |  |  | 83.30 |  | 3,069 |  |  | 81.99
Exercised/vested |  | (2,921) |  |  | 49.96 |  | (3,003) |  |  | 55.17
Forfeited |  | (10) |  |  | 49.22 |  | (507) |  |  | 75.99
Expired |  | 34 |  |  | 50.04 |  | ― |  |  | ―
Outstanding as of December 31, 2015 |  | 10,820 |  |  | 44.60 |  | 7,433 |  | $ | 74.67
Options vested and expected to vest as of December 31, 2015 |  | 10,820 |  |  | 44.60 |  | ― |  |  | ―
Options exercisable as of December 31, 2015 |  | 9,809 |  | $ | 41.78 |  | ― |  |  | ―
Outstanding as of December 31, 2014, includes CEO market-based stock options of 687,000 that were previously disclosed separately. The Company recognizes the cost of employee stock awards granted in exchange for employee services based on the grant-date fair value of the award, net of expected forfeitures. Those costs are recognized r atably over the vesting period. Stock O ptions Each stock option has an exercise price equal to the market price of the Company’s common stock on the date of gran t and a contractual term of 10 years from the date of grant. Stock options generally vest 100 percent on the third anniversary of the grant date. The weighted-average remainin g contractual life and the aggregate intrinsic value (the amount by which the fair value of the Company’s stock exceeds the exercise price of the option) of the stock option s outstanding, exercisable, vested, and expected to vest as of December 31, 2015, are as follows:
|  |  | Outstanding |  | Exercisable |  | Vested and Expected to Vest
Weighted-average remaining contractual life (in years) |  |  | 3.4 |  |  | 2.9 |  |  | 3.4
Aggregate intrinsic value (millions) |  | $ | 279 |  | $ | 273 |  | $ | 279
The intrinsic value of options exercised during 2015, 2014 and 2013 was $87 million, $245 million and $374 million, respectively, (based upon the fair value of the Company’s stock price at the date of exercise). Cash received from the exercise of stock options in 2015, 2014 and 2013 was $146 million, $283 million and $580 million, respectively. The tax benefit realized from income tax deductions from stock option exercises, which was recorded in additional paid-in capital, in 2015, 2014 and 2013 was $18 million, $54 million and $84 million, respectively. The fair value of each option is estimated on the date of grant using a Black-Scholes-Merton option-pricing model. The following weighted-average assumptions were used for options granted in 2015, 2014 and 2013, the majority of which were options granted in the beginning of each year:
|  | 2015 |  | 2014 |  | 2013 |
Dividend yield |  |  | 1.1 | % | 1.1 | % |  | 1.4 | %
Expected volatility(a) |  |  | 37 | % | 38 | % |  | 39 | %
Risk-free interest rate |  |  | 1.7 | % | 2.2 | % |  | 1.3 | %
Expected life of stock option (in years)(b) |  |  | 6.7 |  |  | 6.7 |  |  | 6.3 |
Weighted-average fair value per option |  | $ | 29.20 |  | $ | 32.36 |  | $ | 21.11 |
The expected volatility is based on both weighted historical and implied volatilities of the Company’s common stock price. In 2015, 2014 and 2013, the expected life of stock options was determined using both historical data and expectations of option exercise behavior. Restricted Stock Awards RSAs are valued based on the stock price on the date of grant, contain either a) service conditions or b) both service and performance conditions, and generally vest 25 percent per year beginning with t he firs t anniversary of the grant date. RSAs containing both service and performance conditions generally vest on the third anniversary of the grant date, and the number of shares earned depends on the achievement of predetermined Company metrics. All RSA holders receive non-forfeitable dividends or dividend equivalents. The total fair value of shares vested during 2015, 2014 and 2013 was $247 million, $298 million and $336 million, respectively (based upon the Company’s sto ck price at the vesting date). The weighted-average grant date fair value of RSAs granted in 2015, 2014 and 2013, is $81.99, $86.65 and $60.13, respectively. Liability-based Awards Certain employees are awarded PGs and other incentive awards that can be settled with cash or equity shares at the Company’s discretion and final Compensation and Benefits Committee payout approval. These awards earn value based on performance, market and service conditions, and vest over periods of one to three years. PGs and other incentive awards are generally settled with cash and thus are classified as liabilities; therefore, the fair value is determined at the date of grant and remeasured quarterl y as part of compensation expense over the vesting period. Cash paid upon vesting of these awards in 2015, 2014 and 2013 was $74 million, $62 million and $43 million, respectively. Summary of Stock Plan Expense The comp onents of the Company’s total stock-based compensation expense (net of forfeitures) for the years ended December 31, are as follows:
(Millions) |  | 2015 |  | 2014 |  | 2013
Restricted stock awards(a) |  | $ | 190 |  | $ | 193 |  | $ | 208
Stock options(a) |  |  | 12 |  |  | 13 |  |  | 23
Liability-based awards |  |  | 32 |  |  | 84 |  |  | 119
Total stock-based compensation expense (b) |  | $ | 234 |  | $ | 290 |  | $ | 350
As of December 31, 2015, the total unrecognized compensation cost related to unvested RSAs and options of $214 million and $3 million, respectively, will be recognized ratably over the weighted-average remaining vesting period of 2.1 years and 1.2 years, respectively. The total incom e tax benefit recognized in the Consolidated Statements of Income for stock-ba sed compensation arrangements for the years ended December 31, 2015, 2014 and 2013 was $83 million, $104 million and $127 million, respectively.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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