| Share-based Payment Arrangement, Option, Activity |
The table below summarizes the employee share-based activity in the Plan:
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Options |
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Weighted-average
Exercise Price |
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Weighted-average
Remaining
Contractual Life
(in years) |
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Aggregate
Intrinsic Value
(in millions) |
| Balance at December 31, 2017 |
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2,901,369 |
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$ |
123.49 |
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| Granted |
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515,320 |
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159.06 |
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| Exercised |
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(140,133) |
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88.74 |
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| Forfeited |
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(32,894) |
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133.00 |
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| Balance at December 31, 2018 |
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3,243,662 |
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130.55 |
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| Granted |
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710,120 |
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163.42 |
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| Exercised |
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(652,980) |
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116.76 |
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| Forfeited |
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(63,232) |
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139.86 |
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| Balance at December 31, 2019 |
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3,237,570 |
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140.36 |
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| Granted |
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632,080
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142.81
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| Exercised |
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(660,786) |
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131.25
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| Forfeited |
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(33,334) |
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150.83
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| Balance at December 31, 2020 |
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3,175,530
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$ |
142.63
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6.6 |
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$ |
263
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| Exercisable, December 31, 2018 |
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1,366,722 |
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$ |
124.97 |
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4.7 |
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$ |
18 |
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| Exercisable, December 31, 2019 |
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1,665,710 |
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$ |
123.55 |
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4.8 |
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$ |
92 |
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| Exercisable, December 31, 2020 |
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1,589,015
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$ |
130.28
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4.6 |
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$ |
151
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| Schedule of Nonvested Share Activity |
The weighted-average grant date fair value of performance and restricted shares was as follows:
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Performance Shares |
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Restricted Shares |
| Nonvested |
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Shares |
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Weighted-average
Fair Value |
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Shares |
|
Weighted-average
Fair Value |
| Balance at December 31, 2017 |
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411,239 |
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$ |
120.84 |
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8,089 |
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$ |
117.68 |
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| Granted |
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124,700 |
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146.50 |
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— |
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— |
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| Vested |
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(80,996) |
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128.47 |
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(2,696) |
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117.68 |
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| Forfeited |
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(44,593) |
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127.90 |
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— |
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— |
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| Balance at December 31, 2018 |
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410,350 |
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|
126.36 |
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5,393 |
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|
117.68 |
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| Granted |
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185,377 |
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|
141.01 |
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— |
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— |
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| Vested |
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(176,613) |
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|
98.28 |
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(2,696) |
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|
117.68 |
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| Forfeited |
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(23,183) |
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|
145.26 |
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— |
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— |
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| Balance at December 31, 2019 |
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395,931 |
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|
144.64 |
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|
2,697 |
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|
117.68 |
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| Granted |
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260,480
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132.57
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3,704
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165.04
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| Vested |
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(268,773) |
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138.27
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(2,697) |
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117.68
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| Forfeited |
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(10,684) |
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144.22
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—
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—
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| Balance at December 31, 2020 |
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376,954
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$ |
140.85
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3,704
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$ |
165.04
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