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Incentive Stock Programs (Tables)
12 Months Ended
Dec. 31, 2020
Incentive Stock Programs  
Schedule of stock options outstanding and exercisable

Weighted

Weighted

Average

Average

Remaining

Aggregate

(intrinsic values in millions)

    

Options

    

Exercise Price

    

Life (Years)

    

Intrinsic Value

Outstanding at December 31, 2019

29,877,915

$

48.78

 

6.2

 

$

1,138

Granted

 

4,015,420

 

87.84

Exercised

 

(4,872,830)

 

39.62

Lapsed

 

(100,619)

 

75.22

Outstanding at December 31, 2020

 

28,919,886

$

55.65

 

6.0

 

$

1,557

Exercisable at December 31, 2020

20,390,745

$

46.16

5.0

$

1,291

Schedule of restricted stock awards and units activity

    

Weighted

Average

    

Grant-Date

Share Units

Fair Value

Outstanding at December 31, 2019

 

14,463,314

$

65.51

Granted

 

5,809,536

 

87.83

Vested

 

(7,167,631)

 

60.67

Forfeited

 

(612,351)

 

75.16

Outstanding at December 31, 2020

 

12,492,868

$

78.19

Schedule of fair value assumptions used to estimate fair value of option

    

2020

    

2019

    

2018

Fair value

$

14.39

$

14.50

$

10.93

Risk-free interest rate

 

1.3

%

2.5

%

2.7

%

Average life of options (years)

 

6.0

6.0

6.0

Volatility

 

19.4

%  

19.8

%  

19.0

%

Dividend yield

 

1.6

%  

1.7

%  

1.9

%