XML 47 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Plans (Tables)
 9 Months Ended
Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Options Activity 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, 2018
48,434,655

 
$29.92
 
5 years
 
$
626
 million
Annual grant to eligible employees
5,666,530

 
43.51
 
 
 
 
Additional options issued
162,466

 
30.99
 
 
 
 
Total options granted
5,828,996

 
43.16
 
 
 
 
Options exercised (1)
(7,234,369
)
 
25.62
 
 
 
$
127
 million
Options canceled
(994,002
)
 
42.79
 
 
 
 
Balance at September 30, 2018
46,035,280

 
31.99
 
5 years
 
$
509
 million

(1)
Cash received from options exercised was $67 million in the three months and $183 million in the nine months ended September 30, 2018. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $6 million in the three months and $15 million in the nine months ended September 30, 2018.
Deferred Stock Units, Performance Units and Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Performance Share Units and Stock-Based Awards Activity Our performance share unit, deferred stock unit and historically granted restricted stock activity is reflected below:
 
Number
of Shares
 
Grant Date
 
Weighted-Average
Fair Value
Per Share (3)
 
Weighted-Average
Aggregate
Fair Value (3)
Balance at January 1, 2018
7,669,705

 
 
 
$39.74
 
 
Annual grant to eligible employees:
 
 
Feb 22, 2018
 
 
 
 
Performance share units
1,048,770

 
 
 
51.23
 
 
Deferred stock units
788,310

 
 
 
43.51
 
 
Additional shares granted (1)
349,712

 
Various
 
41.42
 
 
Total shares granted
2,186,792

 
 
 
46.88
 
$
103
 million
Vested (2)
(2,230,871
)
 
 
 
38.43
 
$
86
 million
Forfeited (2)
(842,524
)
 
 
 
41.70
 
 
Balance at September 30, 2018
6,783,102

 
 
 
42.23
 
 

(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/(expense) 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 $3 million in the nine months ended September 30, 2018.




(3)
The grant date fair value of performance share units is determined based on the Monte Carlo simulation model for the market-based total shareholder return component and the closing market price of the Company’s stock on the grant date for performance-based components. The Monte Carlo simulation model incorporates the probability of achieving the total shareholder return market condition. Compensation expense is recognized using the grant date fair values regardless of whether the market condition is achieved, so long as the requisite service has been provided.