| 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) |
|
Aggregate
Intrinsic Value
(in millions) |
| 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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| Granted |
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16,550
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232.44
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| Exercised |
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(400,154) |
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138.93
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| Forfeited |
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(48,828) |
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153.72
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| Balance at December 31, 2021 |
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2,743,098
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$ |
143.51
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5.8 |
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$ |
205
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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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| Exercisable, December 31, 2021 |
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1,629,588
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$ |
136.74
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4.4 |
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$ |
133
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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, 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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| Granted |
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217,684
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234.22
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26,224
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265.41
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| Vested |
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(131,744) |
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146.55
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—
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—
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| Forfeited |
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(22,745) |
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171.91
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—
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—
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| Balance at December 31, 2021 |
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440,149
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$ |
183.72
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29,928
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$ |
252.99
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