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Stock Plans (Tables)
6 Months Ended
Jun. 30, 2022
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, 202223,503,759 $42.655 years$556  million
Annual grant to eligible employees2,180,540 64.65
Additional options issued33,250 66.99
Total options granted2,213,790 64.69
Options exercised (1)
(3,097,734)35.75$94  million
Options canceled(279,021)55.03
Balance at June 30, 202222,340,794 45.635 years$373  million

(1)Cash received from options exercised was $31 million in the three months and $101 million in the six months ended June 30, 2022. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $4 million in the three months and $14 million in the six months ended June 30, 2022.
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, 20224,668,046 $57.04
Annual grant to eligible employees:Feb 24, 2022
Performance share units806,590 61.87
Deferred stock units505,090 64.65
Additional shares granted (1)
702,037 Various60.28
Total shares granted2,013,717 62.01$125  million
Vested (2)
(1,710,015)55.31$95  million
Forfeited(273,663)61.01
Balance at June 30, 20224,698,085 59.57

(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 $(1) million in the three months and $4 million in the six months ended June 30, 2022.
(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.