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Stock Plans | 6 Months Ended
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Jun. 30, 2017
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, 2017 |  |  | 53,601,612 |  |  | $ | 28.02 |  |  |  | 6 years |  |  | $ | 874 million |
Annual grant to eligible employees |  |  | 6,012,140 |  |  |  | 43.20 |  |  |  |  |  |  |  |  |
Additional options issued |  |  | 26,600 |  |  |  | 44.30 |  |  |  |  |  |  |  |  |
Total options granted |  |  | 6,038,740 |  |  |  | 43.20 |  |  |  |  |  |  |  |  |
Options exercised (1) |  |  | (6,099,149 | ) |  |  | 27.38 |  |  |  |  |  |  | $ | 109 million |
Options cancelled |  |  | (1,270,978 | ) |  |  | 38.80 |  |  |  |  |  |  |  |  |
Balance at June 30, 2017 |  |  | 52,270,225 |  |  |  | 29.59 |  |  |  | 6 years |  |  | $ | 711 million |
| (1) | Cash received from options exercised was $113 million in the three months and $170 million in the six months ended June 30, 2017. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $10 million in the three months and $18 million in the six months ended June 30, 2017.
Performance Share Units and Other Stock-Based Awards: Our performance share unit, deferred stock unit and historically granted restricted stock activity is reflected below:
|  |  |  |  |  |  |  | Weighted-Average |  |  | Weighted-Average |
|  | Number |  |  |  |  |  | Fair Value |  |  | Aggregate |
|  | of Shares |  |  | Grant Date |  |  | Per Share |  |  | Fair Value |
Balance at January 1, 2017 |  |  | 7,593,627 |  |  |  |  |  |  | $ | 24.29 |  |  |  |  |
Annual grant to eligible employees: |  |  |  |  |  |  | Feb. 16, 2017 |  |  |  |  |  |  |  |  |
Performance share units |  |  | 1,087,010 |  |  |  |  |  |  |  | 43.20 |  |  |  |  |
Deferred stock units |  |  | 845,550 |  |  |  |  |  |  |  | 43.20 |  |  |  |  |
Additional shares granted (1) |  |  | 304,961 |  |  |  | Various |  |  |  | 40.39 |  |  |  |  |
Total shares granted |  |  | 2,237,521 |  |  |  |  |  |  |  | 42.82 |  |  | $ | 96 million |
Vested (2) |  |  | (2,443,709 | ) |  |  |  |  |  |  | 43.01 |  |  | $ | 105 million |
Forfeited (2) |  |  | (569,922 | ) |  |  |  |  |  |  | 39.59 |  |  |  |  |
Balance at June 30, 2017 |  |  | 6,817,517 |  |  |  |  |  |  |  | 22.38 |  |  |  |  |
| (1) | Includes performance share units and deferred stock units.
| (2) | Includes performance share units, deferred stock units and historically granted restricted stock. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled $1 million in the three months and $7 million for six months ended June 30, 2017.
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. Prior to January 1, 2017, we had repurchased $10.8 billion of Common Stock pursuant to this authorization. During the six months ended June 30, 2017, we repurchased approximately 25 million shares of Common Stock at an average cost of $44.61 per share, or an aggregate cost of approximately $1,109 million, all of which was paid during the period except for approximately $40 million settled in July 2017. All share repurchases were funded through available cash and commercial paper issuances. As of June 30, 2017, we have $1.7 billion in remaining share repurchase capacity.

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