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Capital Stock and Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Common and Treasury Stock Activity

A summary of common stock and treasury stock activity for the three years ended December 31 is as follows:

						Common Stock Outstanding						Treasury Stock
Balance, January 1, 2020						854,701,779						611,004,581
Common stock acquired						(18,701,843)						18,701,843
Shares issued for stock options						13,018,354						(13,018,354)
Shares issued for restricted stock units and other						875,311						(875,311)
Balance, December 31, 2020						849,893,601						615,812,759
Common stock acquired						(16,518,163)						16,518,163
Shares issued for stock options						6,357,793						(6,357,793)
Shares issued for restricted stock units and other						747,053						(747,053)
Balance, December 31, 2021						840,480,284						625,226,076
Common stock acquired						(17,060,788)						17,060,788
Shares issued for stock options						5,654,692						(5,654,692)
Shares issued for restricted stock units and other						1,138,418						(1,138,418)
Balance, December 31, 2022						830,212,606						635,493,754

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

Fair value is estimated using the Black-Scholes option pricing model with the assumptions summarized in the following table:

						2022						2021						2020
Expected term of options						6 years						6 years						6 years
Expected volatility rate						21.1		%				20.3		%				21.8		%
Risk-free interest rate						3.0		%				1.0		%				0.5		%
Expected dividend yield						2.4		%				2.3		%				2.3		%

Schedule of Share-based Compensation, Performance Restricted Stock and Time-based Restricted Stock Units Activity

A summary of performance-based restricted stock unit activity for the year ended December 31, 2022 is presented below:

						Shares (in thousands)						Weighted Average Grant Date Fair Value Per Award
Performance-based restricted stock units as of January 1, 2022						1,026						$	70
Activity:
Granted						375						68
Vested						(451)						67
Forfeited						(63)						69
Change due to performance and/or market condition achievement						139						67
Performance-based restricted stock units as of December 31, 2022						1,026						$	70

A summary of restricted stock unit activity during 2022 is presented below:

						Shares (in thousands)						Weighted Average Grant Date Fair Value Per Award
Restricted stock units as of January 1, 2022						1,916						$	76
Activity:
Granted						582						78
Vested						(554)						72
Forfeited						(84)						76
Restricted stock units as of December 31, 2022						1,860						$	77

Schedule of Share-based Compensation, Stock Options, Activity

A summary of stock option activity during 2022 is presented below:

						Shares (in thousands)						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (in years)						Intrinsic Value of Unexercised In-the-Money Options
Options outstanding, January 1, 2022						26,095						$	72
Granted						4,325						78
Exercised						(5,693)						72
Forfeited						(270)						77
Expired						(26)						74
Options outstanding, December 31, 2022						24,431						75						5						$	105
Options exercisable, December 31, 2022						15,868						$	73					4						$	93

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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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