Annual report pursuant to Section 13 and 15(d)

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

v3.20.4
STOCK INCENTIVE AND STOCK OPTION PLANS (Details 3) Grant Date Fair Value - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Black-Scholes option pricing model assumptions      
Expected life 6 years 6 years 6 years
Risk-free interest rate 0.62% 2.41% 2.72%
Expected volatility 27.05% 23.79% 25.40%
Dividend yield 2.88% 2.68% 2.48%
Performance Shares      
Share-based compensation plan, other than stock options, activity      
Nonvested at the beginning of the period (in shares) 395,931 410,350 411,239
Granted (in shares) 260,480 185,377 124,700
Vested (in shares) (268,773) (176,613) (80,996)
Forfeited (in shares) (10,684) (23,183) (44,593)
Nonvested at the end of the period (in shares) 376,954 395,931 410,350
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) $ 144.64 $ 126.36 $ 120.84
Granted (in dollars per share) 132.57 141.01 146.50
Vested (in dollars per share) 138.27 98.28 128.47
Forfeited (in dollars per share) 144.22 145.26 127.90
Weighted-average Nonvested, Outstanding at the end of the period (in dollars per share) $ 140.85 $ 144.64 $ 126.36
Total fair value of equity instruments other than options vested in period (in dollars) $ 41 $ 27 $ 13
Restricted Shares      
Share-based compensation plan, other than stock options, activity      
Nonvested at the beginning of the period (in shares) 2,697 5,393 8,089
Granted (in shares) 3,704 0 0
Vested (in shares) (2,697) (2,696) (2,696)
Forfeited (in shares) 0 0 0
Nonvested at the end of the period (in shares) 3,704 2,697 5,393
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) $ 117.68 $ 117.68 $ 117.68
Granted (in dollars per share) 165.04 0 0
Vested (in dollars per share) 117.68 117.68 117.68
Forfeited (in dollars per share) 0 0 0
Weighted-average Nonvested, Outstanding at the end of the period (in dollars per share) $ 165.04 $ 117.68 $ 117.68
Total fair value of equity instruments other than options vested in period (in dollars) $ 1 $ 1 $ 1