| 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, 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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| Granted |
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17,500
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225.39
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| Exercised |
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(345,250) |
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142.69
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| Forfeited |
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(3,793) |
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144.16
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| Balance at December 31, 2023 |
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1,814,420
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$ |
146.89
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4.2 |
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$ |
169
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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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| Exercisable, December 31, 2023 |
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1,814,420
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$ |
146.89
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4.2 |
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$ |
169
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| Schedule of Nonvested Share Activity |
The share-based activity and 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, 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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| Granted |
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170,205
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|
222.86
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176,128
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223.92
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| Vested |
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(99,425) |
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126.38
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(74,270) |
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215.38
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| Forfeited |
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(68,566) |
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|
199.69
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(27,931) |
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217.01
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| Balance at December 31, 2023 |
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487,513
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$ |
216.24
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310,340
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$ |
218.77
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