| 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, 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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| Granted |
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18,900
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207.79
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| Exercised |
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(586,990) |
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137.83
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| Forfeited |
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(29,045) |
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148.08
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| Balance at December 31, 2022 |
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2,145,963
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$ |
145.57
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5.2 |
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$ |
208
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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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| Exercisable, December 31, 2022 |
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1,655,298
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$ |
146.37
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4.6 |
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$ |
159
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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 |
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Weighted-average
Fair Value |
| 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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| Granted |
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230,535
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184.92
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215,260
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209.08
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| Vested |
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(122,188) |
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148.99
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(5,513) |
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249.79
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| Forfeited |
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(63,197) |
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182.68
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(3,262) |
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211.37
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| Balance at December 31, 2022 |
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485,299
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$ |
193.17
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236,413
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$ |
213.66
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