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Stock Compensation (Tables) | 12 Months Ended
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Dec. 31, 2019
Share-based Payment Arrangement [Abstract] |
Schedule of Stock Compensation Expense Allocation Within the Consolidated Statements of Income | Total stock compensation expense recognized is as follows:
| For Years Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
COR | $ | 21 |  |  | $ | 25 |  |  | $ | 36 |
R&D | 66 |  |  | 69 |  |  | 59 |
SG&A | 130 |  |  | 138 |  |  | 147 |
Total | $ | 217 |  |  | $ | 232 |  |  | $ | 242 |
Schedule of Weighted Average Assumptions Used to Estimate the Fair Values for Non-qualified Stock Options | We estimate the fair values for non-qualified stock options using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions:
| For Years Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Weighted average grant date fair value, per share | $ | 22.08 |  |  | $ | 23.20 |  |  | $ | 16.49 |
Weighted average assumptions used: |  |  |  |  |
Expected volatility | 26 | % |  | 23 | % |  | 24 | %
Expected lives (in years) | 7.1 |  | 7.2 |  | 7.2
Risk-free interest rates | 2.66 | % |  | 2.57 | % |  | 2.36 | %
Expected dividend yields | 2.95 | % |  | 2.25 | % |  | 2.52 | %
Schedule of Stock Option and RSU Transactions Under Long-term Incentive and Director Compensation Plans | Stock option and RSU transactions under our long-term incentive and director compensation plans are as follows:
| Stock Options |  |  |  | RSUs |  |
| Shares |  | Weighted Average Exercise Price per Share |  | Shares |  | Weighted Average Grant Date Fair Value per Share
Outstanding grants, December 31, 2018 | 39,905,454 |  |  | $ | 56.10 |  |  | 7,305,543 |  |  | $ | 66.72 |
Granted | 4,559,093 |  |  | 104.51 |  |  | 1,142,974 |  |  | 106.58 |
Stock options exercised/RSUs vested | (11,529,174) |  |  | 44.68 |  |  | (2,370,762) |  |  | 52.74 |
Forfeited and expired | (441,429) |  |  | 83.89 |  |  | (179,955) |  |  | 81.57 |
Outstanding grants, December 31, 2019 | 32,493,944 |  |  | 66.57 |  |  | 5,897,800 |  |  | 79.62 |
Schedule of Shares Outstanding Under Stock Option Plans, by Exercise Price Range | Summarized information about stock options outstanding as of December 31, 2019, is as follows:
|  |  | Stock Options Outstanding |  |  |  |  |  | Options Exercisable |  |
Exercise Price Range |  |  | Number Outstanding (Shares) |  | Weighted Average Remaining Contractual Life (Years) |  | Weighted Average Exercise Price per Share |  | Number Exercisable (Shares) |  | Weighted Average Exercise Price per Share
$ | 23.05 to 127.35 |  | 32,493,944 |  |  | 5.9 |  | $ | 66.57 |  |  | 19,646,782 |  |  | $ | 50.82 |
Schedule of Stock Options That are Vested and Expected to Vest, Outstanding and Exercisable | Summarized information as of December 31, 2019, about outstanding stock options that are vested and expected to vest, as well as stock options that are currently exercisable, is as follows:
| Outstanding Stock Options (Fully Vested and Expected to Vest) (a) |  | Options Exercisable
Number of outstanding (shares) | 32,001,396 |  |  | 19,646,782 |
Weighted average remaining contractual life (in years) | 5.8 |  | 4.6
Weighted average exercise price per share | $ | 66.03 |  |  | $ | 50.82 |
Intrinsic value (millions of dollars) | $ | 1,992 |  |  | $ | 1,522 |
(a)Includes effects of expected forfeitures. Excluding the effects of expected forfeitures, the aggregate intrinsic value of stock options outstanding was $2.01 billion.
Schedule of ESPP Transactions | ESPP transactions are as follows:
| Shares |  | Exercise Price
Outstanding grants, December 31, 2018 | 229,836 |  |  | $ | 80.29 |
Granted | 742,819 |  |  | 102.34 |
Exercised | (798,806) |  |  | 94.30 |
Outstanding grants, December 31, 2019 | 173,849 |  |  | 110.14 |
Schedule of Changes in Treasury Stock | The following table reflects the changes in our treasury shares:
| Stock Options |  | RSUs |  | Treasury Shares
Balance, December 31, 2016 |  |  |  |  | 744,831,978 |
Repurchases |  |  |  |  | 30,570,129 |
Shares used for: |  |  |  |  |
Stock options/RSUs | (13,313,019) |  |  | (4,419,464) |  |  |
Stock applied to taxes | — |  |  | 1,058,100 |  |  |
ESPP | (1,065,757) |  |  | — |  |  |
Director deferred stock units | — |  |  | — |  |  | (4,750) |
Total issued | (14,378,776) |  |  | (3,361,364) |  |  | (17,740,140) |
Balance, December 31, 2017 |  |  |  |  | 757,657,217 |
Repurchases |  |  |  |  | 49,482,220 |
Shares used for: |  |  |  |  |
Stock options/RSUs | (8,432,458) |  |  | (2,769,994) |  |  |
Stock applied to taxes | — |  |  | 553,720 |  |  |
ESPP | (819,878) |  |  | — |  |  |
Director deferred stock units | — |  |  | — |  |  | (5,181) |
Total issued | (9,252,336) |  |  | (2,216,274) |  |  | (11,468,610) |
Balance, December 31, 2018 |  |  |  |  | 795,665,646 |
Repurchases |  |  |  |  | 27,398,701 |
Shares used for: |  |  |  |  |
Stock options/RSUs | (11,529,174) |  |  | (2,370,762) |  |  |
Stock applied to taxes | — |  |  | 490,347 |  |  |
ESPP | (798,806) |  |  | — |  |  |
Director deferred stock units | — |  |  | — |  |  | (71,571) |
Total issued | (12,327,980) |  |  | (1,880,415) |  |  | (14,208,395) |
Balance, December 31, 2019 |  |  |  |  | 808,784,381 |
Schedule of Cash Proceeds Received from Share-based Payment Awards | The effects on cash flows are as follows:
| For Years Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Proceeds from common stock transactions (a) | $ | 539 |  |  | $ | 373 |  |  | $ | 483 |
Tax benefit realized from stock compensation | $ | 224 |  |  | $ | 179 |  |  | $ | 341 |
Reduction to deferred tax asset | (49) |  |  | (43) |  |  | (91) |
Excess tax benefit for stock compensation | $ | 175 |  |  | $ | 136 |  |  | $ | 250 |
(a)Net of taxes paid for employee shares withheld of $52 million, $60 million and $83 million in 2019, 2018 and 2017, respectively.

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