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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes stock option activity for the year ended December 31, 2020 (in millions except for per share amounts):
 OptionsWeighted
Average
Exercise Price
Weighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value
Balance, December 31, 201911 $76.01 4.4$745 
Granted120.47 
Exercised(5)68.14 $348 
Cancelled— 115.47 
Balance, December 31, 2020$88.01 3.8$464 
Options exercisable at December 31, 2020$75.35 2.8$381 
Schedule of Stock Option Valuation Assumptions
The weighted average fair value of options granted during the years ended December 31, 2020, 2019 and 2018, was $21.17, $19.25 and $16.07, respectively, using the Black-Scholes option pricing model with the assumptions below:
 202020192018
Risk free interest rate0.4 %2.2 %2.5 %
Volatility24.7 %20.1 %19.2 %
Dividend yield1.2 %1.2 %1.3 %
Weighted average expected life (years)4.14.14.2
Restricted Stock Unit, Activity
The following table summarizes the restricted stock units activity for the year ended December 31, 2020 (in millions except for per share amounts):
QuantityWeighted Average Fair Value
Balance, December 31, 2019$127.23 
Granted$127.14 
Vested(2)$124.21 
Forfeited— $129.72 
Balance, December 31, 2020$127.63