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Stock Plans (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
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, 202320,490,250 $46.315 years$417  million
Annual grant to eligible employees2,452,110 65.36
Additional options issued7,230 69.95
Total options granted2,459,340 65.37
Options exercised (1)
(3,457,739)39.47$110  million
Options canceled(270,017)57.52
Balance at September 30, 202319,221,834 49.825 years$376  million

(1)Cash received from options exercised was $29 million in the three months and $134 million in the nine months ended September 30, 2023. The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the option exercises totaled $2 million in the three months and $19 million in the nine months ended September 30, 2023.
Schedule of Performance Share Units and Other Stock-Based Awards Activity
Our performance share unit (PSU), deferred stock unit (DSU) and other stock-based activity is reflected below:
Number
of Shares
Grant Date
Weighted-Average
Fair Value
Per Share (4)
Weighted-Average
Aggregate
Fair Value (3)
Balance at January 1, 20234,451,674 $60.12
Annual grant to eligible employees:Mar 2, 2023
Performance share units895,410 68.59
Deferred stock units578,570 65.36
Additional shares granted (1)
728,381 Various65.73
Total shares granted2,202,361 66.79$147  million
Vested (2) (3)
(1,658,391)62.71$104  million
Forfeited (2)
(247,953)62.58
Balance at September 30, 20234,747,691 62.18

(1)Includes PSUs and DSUs.
(2)Includes PSUs, DSUs and other stock-based awards.
(3)The actual tax benefit realized and recorded in the provision for income taxes for the tax deductions from the shares vested totaled zero in the three months and $2 million in the nine months ended September 30, 2023.
(4)The grant date fair value of PSUs 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.