XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.23.3

Note 3 - Stock-based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Notes Tables |
Share-Based Payment Arrangement, Cost by Plan [Table Text Block] |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
Millions |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Stock-based compensation, before tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  | $ | 4 |  |  | $ | 4 |  |  | $ | 12 |  |  | $ | 11 |
Retention awards |  |  | 24 |  |  |  | 13 |  |  |  | 57 |  |  |  | 54 |
ESPP |  |  | 4 |  |  |  | 4 |  |  |  | 15 |  |  |  | 12 |
Total stock-based compensation, before tax |  | $ | 32 |  |  | $ | 21 |  |  | $ | 84 |  |  | $ | 77 |
Excess income tax benefits from equity compensation plans |  | $ | 2 |  |  | $ | 2 |  |  | $ | 9 |  |  | $ | 20 |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
Weighted-Average Assumptions |  | 2023 |  |  | 2022 |
Risk-free interest rate |  |  | 3.9 | % |  |  | 1.6 | %
Dividend yield |  |  | 2.6 | % |  |  | 1.9 | %
Expected life (years) |  |  | 4.5 |  |  |  | 4.4 |
Volatility |  |  | 29.3 | % |  |  | 28.7 | %
Weighted-average grant-date fair value of options granted |  | $ | 48.31 |  |  | $ | 51.92 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] |
| Options (thous.) | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value (millions) |
Outstanding at January 1, 2023 |  |  | 1,974 |  |  | $ | 169.64 |  |  |  | 6.0 |  |  | $ | 86 |
Granted |  |  | 351 |  |  |  | 202.81 |  |  |  | N/A |  |  |  | N/A |
Exercised |  |  | (165 | ) |  |  | 113.97 |  |  |  | N/A |  |  |  | N/A |
Forfeited or expired |  |  | (12 | ) |  |  | 219.18 |  |  |  | N/A |  |  |  | N/A |
Outstanding at September 30, 2023 |  |  | 2,148 |  |  | $ | 179.06 |  |  |  | 6.1 |  |  | $ | 66 |
Vested or expected to vest at September 30, 2023 |  |  | 2,128 |  |  | $ | 178.73 |  |  |  | 6.1 |  |  | $ | 66 |
Options exercisable at September 30, 2023 |  |  | 1,492 |  |  | $ | 162.93 |  |  |  | 5.0 |  |  | $ | 65 |
Cash Proceeds Received and Tax Benefit from Share-Based Payment Awards [Table Text Block] |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
Millions |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Intrinsic value of stock options exercised |  | $ | 10 |  |  | $ | 7 |  |  | $ | 17 |  |  | $ | 51 |
Cash received from option exercises |  |  | 9 |  |  |  | 7 |  |  |  | 17 |  |  |  | 24 |
Treasury shares repurchased for employee payroll taxes |  |  | (1 | ) |  |  | (2 | ) |  |  | (3 | ) |  |  | (7 | )
Income tax benefit realized from option exercises |  |  | 2 |  |  |  | 1 |  |  |  | 4 |  |  |  | 7 |
Aggregate grant-date fair value of stock options vested |  |  | - |  |  |  | - |  |  |  | 14 |  |  |  | 13 |
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] |
| Shares (thous.) | Weighted-Average Grant-Date Fair Value |
Nonvested at January 1, 2023 |  |  | 1,069 |  |  | $ | 196.47 |
Granted |  |  | 296 |  |  |  | 202.83 |
Vested |  |  | (305 | ) |  |  | 163.27 |
Forfeited |  |  | (39 | ) |  |  | 205.35 |
Nonvested at September 30, 2023 |  |  | 1,021 |  |  | $ | 207.89 |
Schedule of Nonvested Performance-Based Units Activity [Table Text Block] |
| Shares (thous.) | Weighted-Average Grant-Date Fair Value |
Nonvested at January 1, 2023 |  |  | 594 |  |  | $ | 199.82 |
Granted |  |  | 251 |  |  |  | 202.81 |
Vested |  |  | (78 | ) |  |  | 189.24 |
Unearned |  |  | (127 | ) |  |  | 186.11 |
Forfeited |  |  | (13 | ) |  |  | 220.23 |
Nonvested at September 30, 2023 |  |  | 627 |  |  | $ | 204.69 |

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 -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Subparagraph (a) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2A + Details
Name: | us-gaap_CashProceedsReceivedAndTaxBenefitFromShareBasedPaymentAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration