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Stock Plans (Tables)
6 Months Ended
Jun. 30, 2024
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, 202418,678,120 $49.965 years$420  million
Annual grant to eligible employees2,261,810 73.13
Additional options issued6,150 69.76
Total options granted2,267,960 73.12
Options exercised (1)
(2,213,764)43.09$67  million
Options canceled(239,408)59.98
Balance at June 30, 202418,492,908 53.505 years$238  million

(1)Cash received from options exercised was $17 million in the three months and $96 million in the six months ended June 30, 2024. 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 $11 million in the six months ended June 30, 2024.
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, 20244,553,166 $62.53
Annual grant to eligible employees:Feb 27, 2024
Performance share units787,110 75.05
Deferred stock units571,490 73.13
Additional shares granted (1)
992,951 Various63.19
Total shares granted2,351,551 69.58$164  million
Vested (2) (3)
(1,972,046)58.64$116  million
Forfeited (2)
(214,676)65.45
Balance at June 30, 20244,717,995 67.54

(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 was zero in the three months and $7 million in the six months ended June 30, 2024.
(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.