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STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2019
Share-based Payment Arrangement [Abstract] |
Income Statement Impact from Stock Options |
| Years Ended December 31,
2019 |  | 2018 |  | 2017
Compensation expense | $ | 47 |  |  | $ | 64 |  |  | $ | 79 |
Future income tax benefit recognized | 10 |  |  | 13 |  |  | 17 |
Share based compensation fair value assumptions |
| Years Ended December 31,
2019 |  | 2018 |  | 2017
Weighted average fair value per share of options granted during the year(1) | $ | 21.57 |  |  | $ | 23.63 |  |  | $ | 16.68 |
Assumptions: |  |  |  |  |
Expected annual dividend yield | 2.65 | % |  | 2.49 | % |  | 2.81 | %
Expected volatility | 18.40 | % |  | 18.93 | % |  | 18.96 | %
Risk-free rate of return | 2.46 | % |  | 2.71 | % |  | 2.02 | %
Expected option term (years) | 4.87 |  |  | 4.95 |  |  | 5.04 |
(1) Estimated on date of grant using Black-Scholes option-pricing model.
Stock Options Activity |
| Number of Options |  | Weighted Average Exercise Price
Outstanding at December 31, 2016 | 28,667,300 |  |  | $ | 79.57 |
Granted | 5,098,569 |  |  | 125.16 |
Exercised | (8,840,019 | ) |  | 62.34 |
Lapsed or canceled | (1,516,557 | ) |  | 109.04 |
Outstanding at December 31, 2017 | 23,409,293 |  |  | 94.16 |
Spin related adjustment(1) | 989,158 |  |  |
Granted | 3,303,722 |  |  | 148.48 |
Exercised | (3,399,375 | ) |  | 78.29 |
Lapsed or canceled | (1,824,217 | ) |  | 123.01 |
Outstanding at December 31, 2018 | 22,478,581 |  |  | 97.83 |
Granted | 3,136,058 |  |  | 155.43 |
Exercised | (5,897,060 | ) |  | 84.31 |
Lapsed or canceled | (986,017 | ) |  | 136.15 |
Outstanding at December 31, 2019 | 18,731,562 |  |  | $ | 109.87 |
Vested and expected to vest at December 31, 2019(2) | 17,636,444 |  |  | $ | 107.39 |
Exercisable at December 31, 2019 | 11,620,992 |  |  | $ | 92.19 |
(1) | Additional options granted to offset the dilutive impact of the spin-offs on outstanding options.
(2) Represents the sum of vested options of 11.6 million and expected to vest options of 6.0 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 7.1 million.
Schedule of share based compensation by price ranges |
Range of Exercise Prices | Options Outstanding |  | Options Exercisable
Number Outstanding |  | Weighted Average Life(1) |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value |  | Number Exercisable |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value
$27.00–$64.99 | 1,621,042 |  |  | 1.87 |  | $ | 55.38 |  |  | $ | 197 |  |  | 1,621,042 |  |  | $ | 55.38 |  |  | $ | 197 |
$65.00–$89.99 | 3,388,800 |  |  | 3.74 |  | 79.79 |  |  | 329 |  |  | 3,388,800 |  |  | 79.79 |  |  | 329 |
$90.00–$99.99 | 5,266,409 |  |  | 5.70 |  | 98.80 |  |  | 412 |  |  | 4,461,659 |  |  | 98.81 |  |  | 349 |
$100.00–$134.99 | 3,344,472 |  |  | 7.11 |  | 119.07 |  |  | 194 |  |  | 1,636,518 |  |  | 118.65 |  |  | 95 |
$135.00–$180.99 | 5,110,839 |  |  | 8.76 |  | 152.49 |  |  | 125 |  |  | 512,973 |  |  | 148.52 |  |  | 15 |
| 18,731,562 |  |  | 6.10 |  | $ | 109.87 |  |  | $ | 1,257 |  |  | 11,620,992 |  |  | $ | 92.19 |  |  | $ | 985 |
(1) Average remaining contractual life in years.
Financial Statement Impact From Stock Options Exercised |
Options Exercised | Years Ended December 31,
2019 |  | 2018 |  | 2017
Intrinsic value(1) | $ | 483 |  |  | $ | 238 |  |  | $ | 620 |
Tax benefit realized | 117 |  |  | 47 |  |  | 221 |
(1) Represents the amount by which the stock price exceeded the exercise price of the options on the date of exercise.
Restricted stock units activity | ended December 31, 2019:
| Number of Restricted Stock Units |  | Weighted Average Grant Date Fair Value Per Share
Non-vested at December 31, 2016 | 4,467,343 |  |  | $ | 94.17 |
Granted | 1,274,791 |  |  | 129.71 |
Vested | (1,289,892 | ) |  | 81.37 |
Forfeited | (505,415 | ) |  | 103.06 |
Non-vested at December 31, 2017 | 3,946,827 |  |  | 108.60 |
Spin related adjustment(1) | 154,346 |  |  |
Granted | 1,360,338 |  |  | 153.46 |
Vested | (988,787 | ) |  | 91.68 |
Forfeited | (814,851 | ) |  | 117.40 |
Non-vested at December 31, 2018 | 3,657,873 |  |  | 125.35 |
Granted | 1,200,202 |  |  | 162.43 |
Vested | (1,160,333 | ) |  | 104.32 |
Forfeited | (457,677 | ) |  | 134.50 |
Non-vested at December 31, 2019 | 3,240,065 |  |  | $ | 143.07 |
(1) Additional RSU grants to offset the dilutive impact of the spin-offs on non-ve
Income Statement Impact from RSUs | The following table summarizes the impact to the Consolidated Statement of Operations from RSUs:
| Years Ended December 31,
2019 |  | 2018 |  | 2017
Compensation expense | $ | 106 |  |  | $ | 111 |  |  | $ | 97 |
Future income tax benefit recognized | 21 |  |  | 21 |  |  | 19 |

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