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Stock Plans | 3 Months Ended
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Mar. 31, 2016
Stock Plans | Note 10. Stock Plans Stock Options: Stock option activity is reflected below:
|  | Shares Subject to Option |  |  | Weighted- Average Exercise or Grant Price Per Share |  |  | Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Balance at January 1, 2016 |  |  | 57,034,108 |  |  |  | 26.12 |  |  |  | 6 years |  |  | $ | 229 million |
Annual grant to eligible employees |  |  | 7,517,290 |  |  |  | 39.70 |  |  |  |  |  |  |  |  |
Additional options issued |  |  | 77,190 |  |  |  | 42.93 |  |  |  |  |  |  |  |  |
Total options granted |  |  | 7,594,480 |  |  |  | 39.73 |  |  |  |  |  |  |  |  |
Options exercised |  |  | (1,719,156 | ) |  |  | 24.45 |  |  |  |  |  |  | $ | 28 million |
Options cancelled |  |  | (487,243 | ) |  |  | 34.42 |  |  |  |  |  |  |  |  |
Balance at March 31, 2016 |  |  | 62,422,189 |  |  |  | 27.75 |  |  |  | 6 years |  |  | $ | 281 million |
Deferred Stock Units, Performance Share Units and Restricted Stock: Historically we have made grants of deferred stock units, performance share units and restricted stock. Beginning in 2016, we will only grant deferred stock units and performance share units and no longer grant restricted stock. Our deferred stock unit, performance share unit and restricted stock activity is reflected below:
|  | Number of Shares |  |  | Grant Date |  |  | Weighted-Average Fair Value Per Share |  |  | Weighted-Average Aggregate Fair Value |
Balance at January 1, 2016 |  |  | 9,418,216 |  |  |  |  |  |  | $ | 28.00 |  |  |  |  |
Annual grant to eligible employees: |  |  |  |  |  |  | Feb. 22, 2016 |  |  |  |  |  |  |  |  |
Performance share units |  |  | 1,406,500 |  |  |  |  |  |  |  | 39.70 |  |  |  |  |
Deferred stock units |  |  | 1,040,790 |  |  |  |  |  |  |  | 39.70 |  |  |  |  |
Additional shares granted (1) |  |  | 624,378 |  |  |  | Various |  |  |  | 26.56 |  |  |  |  |
Total shares granted |  |  | 3,071,668 |  |  |  |  |  |  |  | 37.03 |  |  | $ | 114 million |
Vested (2) |  |  | (3,675,455 | ) |  |  |  |  |  |  | 39.95 |  |  | $ | 147 million |
Forfeited (2) |  |  | (297,220 | ) |  |  |  |  |  |  | 35.41 |  |  |  |  |
Balance at March 31, 2016 |  |  | 8,517,209 |  |  |  |  |  |  |  | 25.84 |  |  |  |  |
| (1) | Includes performance share units and deferred stock units.
| (2) | Includes performance share units, deferred stock units and historically granted restricted stock.
Share Repurchase Program: During 2013, our Board of Directors authorized the repurchase of $7.7 billion of our Common Stock through December 31, 2016. On July 29, 2015, our Finance Committee, with authorization delegated from our Board of Directors, approved an increase of $6.0 billion in the share repurchase program, raising the authorization to $13.7 billion of Common Stock repurchases, and extended the program through December 31, 2018. Repurchases under the program are determined by management and are wholly discretionary. During the three months ended March 31, 2016, we repurchased 28.9 million shares of Common Stock at an average cost of $41.04 per share, or an aggregate cost of $1.2 billion, all of which was paid during the quarter. All share repurchases were funded through available cash and commercial paper issuances. As of March 31, 2016, we have $4.3 billion in remaining share repurchase capacity.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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