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Stock Plans (Tables) | 6 Months Ended
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Jun. 30, 2020
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, 2020 | 33,855,948 |  |  | $36.19 |  | 5 years |  | $ | 640 | million
Annual grant to eligible employees | 2,280,440 |  |  | 59.04 |  |  |  |
Additional options issued | 130,280 |  |  | 49.14 |  |  |  |
Total options granted | 2,410,720 |  |  | 58.51 |  |  |  |
Options exercised (1) | (4,929,885 | ) |  | 29.38 |  |  |  | $ | 133 | million
Options canceled | (387,998 | ) |  | 42.55 |  |  |  |
Balance at June 30, 2020 | 30,948,785 |  |  | 38.93 |  | 6 years |  | $ | 396 | million
(1) Cash received from options exercised was $23 million in the three months and $142 million in the six months ended June 30, 2020. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $1 million in the three months and $18 million in the six months ended June 30, 2020.
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, 2020 | 5,661,945 |  |  |  |  | $46.90 |  |
Annual grant to eligible employees: |  |  | Feb. 20, 2020 |  |  |  |
Performance share units | 825,230 |  |  |  |  | 65.83 |  |
Deferred stock units | 545,550 |  |  |  |  | 59.04 |  |
Additional shares granted (1) | 354,041 |  |  | Various |  | 57.13 |  |
Total shares granted | 1,724,821 |  |  |  |  | 61.90 |  | $ | 107 | million
Vested (2) | (1,689,895 | ) |  |  |  | 43.02 |  | $ | 73 | million
Forfeited | (319,574 | ) |  |  |  | 45.85 |  |
Balance at June 30, 2020 | 5,377,297 |  |  |  |  | 52.99 |  |
(1) | Includes performance share units and deferred stock units.
(2) | 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 $3 million in the six months ended June 30, 2020.
(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.

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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