v3.19.3.a.u2
Incentive Stock Program (Tables)
12 Months Ended
Dec. 31, 2019
Incentive Stock Program  
Schedule of stock option outstanding and exercisable

Weighted

Weighted

Average

Average

Aggregate

Exercise

Remaining

Intrinsic

(intrinsic values in millions)

    

Options

    

Price

    

Life (Years)

    

    

Value

Outstanding at December 31, 2018

33,074,613

$

42.21

 

6.3

 

$

996

Granted

 

4,579,283

 

76.35

Exercised

 

(7,281,472)

 

35.51

Lapsed

 

(494,509)

 

60.06

Outstanding at December 31, 2019

 

29,877,915

$

48.78

 

6.2

 

$

1,138

Exercisable at December 31, 2019

20,555,321

$

41.26

5.3

$

937

Schedule of restricted stock awards and units activity

    

Weighted

Average

    

Grant-Date

Share Units

Fair Value

Outstanding at December 31, 2018

 

15,952,602

$

52.11

Granted

 

7,364,109

 

76.17

Vested

 

(7,750,049)

 

48.52

Forfeited

 

(1,103,348)

 

62.28

Outstanding at December 31, 2019

 

14,463,314

$

65.51

Schedule of fair value assumptions used to estimate fair value of option

    

2019

    

2018

    

2017

Fair value

$

14.50

$

10.93

$

6.54

Risk-free interest rate

 

2.5

%

2.7

%

2.1

%

Average life of options (years)

 

6.0

6.0

6.0

Volatility

 

19.8

%  

19.0

%  

18.0

%

Dividend yield

 

1.7

%  

1.9

%  

2.4

%