XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Stock Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
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,
| 2021 |  | 2020 |  | 2019
COR | $ | 21 |  |  | $ | 21 |  |  | $ | 21 |
R&D | 67 |  |  | 68 |  |  | 66 |
SG&A | 134 |  |  | 135 |  |  | 130 |
Restructuring charges/other | 8 |  |  | — |  |  | — |
Total | 230 |  |  | 224 |  |  | 217 |
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,
| 2021 |  | 2020 |  | 2019
Weighted average grant date fair value, per share | $ | 40.78 |  |  | $ | 25.55 |  |  | $ | 22.08 |
Weighted average assumptions used: |  |  |  |  |
Expected volatility | 32 | % |  | 26 | % |  | 26 | %
Expected lives (in years) | 6.7 |  | 6.8 |  | 7.1
Risk-free interest rates | 0.72 | % |  | 1.53 | % |  | 2.66 | %
Expected dividend yields | 2.41 | % |  | 2.76 | % |  | 2.95 | %
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, 2020 | 28 |  |  | $ | 79.69 |  |  | 5 |  |  | $ | 100.80 |
Granted | 3 |  |  | 169.52 |  |  | 1 |  |  | 176.08 |
Stock options exercised/RSUs vested | (6) |  |  | 65.89 |  |  | (2) |  |  | 81.31 |
Outstanding grants, December 31, 2021 (a) | 25 |  |  | 91.58 |  |  | 4 |  |  | 124.80 |
(a) Forfeited and expired shares were not material.
| For Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Weighted average grant date fair value per share for RSUs | $ | 176.08 |  |  | $ | 130.59 |  |  | $ | 106.58 |
Total grant date fair value of shares vested for RSUs | $ | 115 |  |  | $ | 110 |  |  | $ | 125 |
Aggregate intrinsic value of options exercised | $ | 611 |  |  | $ | 681 |  |  | $ | 819 |
Schedule of Shares Outstanding Under Stock Option Plans, by Exercise Price Range | Summarized information about stock options outstanding as of December 31, 2021, is as follows:
|  |  | Stock Options Outstanding
Exercise Price Range |  | Number Outstanding (Shares) |  | Weighted Average Remaining Contractual Life (Years) |  | Weighted Average Exercise Price per Share
$ | 28.13 to 193.58 |  | 25 |  |  | 5.5 |  | $ | 91.58 |
Schedule of Stock Options That are Vested and Expected to Vest, Outstanding and Exercisable |
| Options Fully Vested and Expected to Vest (a) |  | Options Exercisable
Options outstanding (shares) | 25 |  |  | 16 |
Weighted average remaining contractual life (in years) | 5.5 |  | 4.2
Weighted average exercise price per share | $ | 90.97 |  |  | $ | 69.43 |
Intrinsic value | $ | 2,408 |  |  | $ | 1,952 |
(a)Includes effects of expected forfeitures. Excluding the effects of expected forfeitures, the aggregate intrinsic value of stock options outstanding was $2.42 billion.
Schedule of Changes in Treasury Stock | The following table reflects the changes in our treasury shares:
| For Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Balance, January 1 | 821 |  |  | 809 |  |  | 796 |
Repurchases | 3 |  |  | 23 |  |  | 27 |
Shares issued | (7) |  |  | (11) |  |  | (14) |
Balance, December 31 | 817 |  |  | 821 |  |  | 809 |
Schedule of Cash Proceeds Received from Share-based Payment Awards | The effects on cash flows are as follows:
| For Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Proceeds from common stock transactions (a) | $ | 377 |  |  | $ | 470 |  |  | $ | 539 |
Tax benefit realized from stock compensation | $ | 175 |  |  | $ | 195 |  |  | $ | 224 |
Reduction to deferred tax asset | (39) |  |  | (44) |  |  | (49) |
Excess tax benefit for stock compensation | $ | 136 |  |  | $ | 151 |  |  | $ | 175 |
(a)Net of taxes paid for employee shares withheld of $53 million, $53 million and $52 million in 2021, 2020 and 2019, respectively.

X
- Definition Tabular disclosure of cash received from exercise of stock options and similar instruments granted under share-based payment arrangements and tax benefit from exercise of stock options. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2A -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=SL79508275-113901 + Details
Name: | us-gaap_CashProceedsReceivedAndTaxBenefitFromShareBasedPaymentAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + 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 activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, 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 (e) -URI http://asc.fasb.org/extlink&oid=120381028&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 (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&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 (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + 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 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
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 http://asc.fasb.org/extlink&oid=120381028&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 Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration