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Stock Plans (Tables)
6 Months Ended
Jun. 30, 2019
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, 2019
43,818,830

 
$32.36
 
5 years
 
$
371
 million
Annual grant to eligible employees
4,793,570

 
47.72
 
 
 
 
Additional options issued
60,030

 
51.25
 
 
 
 
Total options granted
4,853,600

 
47.76
 
 
 
 
Options exercised (1)
(10,842,077
)
 
27.03
 
 
 
$
235
 million
Options canceled
(697,437
)
 
40.51
 
 
 
 
Balance at June 30, 2019
37,132,916

 
35.78
 
6 years
 
$
673
 million

(1)
Cash received from options exercised was $118 million in the three months and $293 million in the six months ended June 30, 2019. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $13 million in the three months and $29 million in the six months ended June 30, 2019.
Performance Share Units and Other Stock-Based Awards  
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, 2019
6,559,010

 
 
 
$42.19
 
 
Annual grant to eligible employees:
 
 
Feb 22, 2019
 
 
 
 
Performance share units
891,210

 
 
 
57.91
 
 
Deferred stock units
666,880

 
 
 
47.72
 
 
Additional shares granted (1)
115,353

 
Various
 
55.04
 
 
Total shares granted
1,673,443

 
 
 
53.65
 
$
90
 million
Vested (2)
(1,614,690
)
 
 
 
36.61
 
$
59
 million
Forfeited (2)
(356,333
)
 
 
 
44.36
 
 
Balance at June 30, 2019
6,261,430

 
 
 
46.56
 
 

(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 less than $1 million in the three months and $2 million in the six months ended June 30, 2019.
(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.