Annual report pursuant to Section 13 and 15(d)

STOCK INCENTIVE AND STOCK OPTION PLANS (Details 3) Grant Date Fair Value

v3.24.0.1
STOCK INCENTIVE AND STOCK OPTION PLANS (Details 3) Grant Date Fair Value - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Black-Scholes option pricing model assumptions      
Expected life 6 years 6 years 6 years
Risk-free interest rate 3.91% 2.32% 1.15%
Expected volatility 28.73% 28.40% 28.68%
Dividend yield 2.81% 2.85% 2.95%
Performance Shares      
Share-based compensation plan, other than stock options, activity      
Nonvested at the beginning of the period (in shares) 485,299 440,149 376,954
Granted (in shares) 170,205 230,535 217,684
Vested (in shares) (99,425) (122,188) (131,744)
Forfeited (in shares) (68,566) (63,197) (22,745)
Nonvested at the end of the period (in shares) 487,513 485,299 440,149
Share-based compensation plan, other than stock options, weighted average grant date fair value activity      
Weighted-average Fair Value, Nonvested at the beginning of the period (in dollars per share) $ 193.17 $ 183.72 $ 140.85
Granted (in dollars per share) 222.86 184.92 234.22
Vested (in dollars per share) 126.38 148.99 146.55
Forfeited (in dollars per share) 199.69 182.68 171.91
Weighted-average Nonvested, Outstanding at the end of the period (in dollars per share) $ 216.24 $ 193.17 $ 183.72
Total fair value of equity instruments other than options vested in period (in dollars) $ 25 $ 24 $ 35
Restricted Shares      
Share-based compensation plan, other than stock options, activity      
Nonvested at the beginning of the period (in shares) 236,413 29,928 3,704
Granted (in shares) 176,128 215,260 26,224
Vested (in shares) (74,270) (5,513) 0
Forfeited (in shares) (27,931) (3,262) 0
Nonvested at the end of the period (in shares) 310,340 236,413 29,928
Share-based compensation plan, other than stock options, weighted average grant date fair value activity      
Weighted-average Fair Value, Nonvested at the beginning of the period (in dollars per share) $ 213.66 $ 252.99 $ 165.04
Granted (in dollars per share) 223.92 209.08 265.41
Vested (in dollars per share) 215.38 249.79 0
Forfeited (in dollars per share) 217.01 211.37 0
Weighted-average Nonvested, Outstanding at the end of the period (in dollars per share) $ 218.77 $ 213.66 $ 252.99
Total fair value of equity instruments other than options vested in period (in dollars) $ 17 $ 1 $ 0