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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

STOCK-BASED COMPENSATION

Weighted-average assumptions used to estimate fair value of stock options granted

Stock Awards Plans:
Three Months Ended March 31,		2016		2015
Dividend Yield		1.8	%	1.7	%
Expected Stock Price Volatility		20.4	%	21.9	%
Risk-free Interest Rate		1.6	%	1.6	%
Expected Life of Option (years)		6.7		6.9

Summary of option activity

		Stock Awards Plans						Director Stock Option Plans
					Weighted Average					Weighted Average
			Options		Exercise Price			Options		Exercise Price
Outstanding, January 1, 2016			8,032,030		$	51.44		303,501		$	56.00
Granted			1,472,180			71.12		—			—
Exercised			(510,012)			41.37		(15,833)			45.90
Forfeited or expired			(65,634)			58.33		—			—
Outstanding at March 31, 2016			8,928,564		$	55.21		287,668		$	56.56
Exercisable at March 31, 2016			6,092,834		$	49.04		214,827		$	54.20
Weighted-Average Remaining Contractual Term (Years):
Outstanding at March 31, 2016			6.6					6.7
Exercisable at March 31, 2016			5.4					6.2
Aggregate Intrinsic Value:
Outstanding at March 31, 2016		$	207,138				$	6,286
Exercisable at March 31, 2016		$	178,923				$	5,056
Intrinsic Value of Options Exercised During the Three Months Ended:
March 31, 2016		$	16,973				$	436
March 31, 2015		$	18,824				$	874

Summary of restricted stock unit activity

							Director Restricted
		Stock Awards Plans					Stock Unit Plan
				Weighted Average					Weighted Average
		RSUs		Grant-Date Fair Value			RSUs		Grant-Date Fair Value
Nonvested at January 1,  2016		66,376		$	66.61		18,857		$	63.10
Granted		21,754			73.45		—			—
Vested		(10,537)			62.21		—			—
Forfeited		(3,676)			68.00		—			—
Nonvested at March 31, 2016		73,917		$	69.18		18,857		$	63.10

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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