Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2020 |
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| Stock-Based Compensation |
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| Stock-based compensation cost included in income from continuing operations |
| | | | | | | | | | ($ in millions) | | | | | | | | | | For the year ended December 31: | | 2020 | | 2019 | | 2018 | Cost | | $ | 153 | | $ | 100 | | $ | 82 | SG&A expense | | | 586 | | | 453 | | | 361 | RD&E expense | | | 198 | | | 126 | | | 67 | Pre-tax stock-based compensation cost | | | 937 | | | 679 | | | 510 | Income tax benefits | | | (213) | | | (155) | | | (116) | Net stock-based compensation cost | | $ | 724 | | $ | 524 | | $ | 393 | | | | | | | | | | |
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| Summary of Restricted Stock Units activity |
| | | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | PSUs | | | | Weighted-Average | | | | Weighted-Average | | | | | | Grant Price | | Number of Units | | Grant Price | | Number of Units | | Balance at January 1, 2018 | | $ | 141 | | 8,555,263 | | $ | 144 | | 2,649,313 | | Awards granted | | | 121 | | 4,806,790 | | | 130 | | 909,140 | | Awards released | | | 148 | | (2,579,962) | | | 152 | | (666,244) | | Awards canceled/forfeited/performance adjusted | | | 139 | | (979,387) | | | 147 | | (472,514) | * | Balance at December 31, 2018 | | $ | 130 | | 9,802,704 | | $ | 136 | | 2,419,695 | ** | Awards granted | | | 119 | | 5,650,861 | | | 117 | | 1,395,534 | | Awards released | | | 136 | | (3,145,016) | | | 140 | | (846,672) | | Awards canceled/forfeited/performance adjusted | | | 128 | | (981,921) | | | 131 | | (112,107) | * | Balance at December 31, 2019 | | $ | 123 | | 11,326,628 | | $ | 126 | | 2,856,450 | ** | Awards granted | | | 115 | | 10,651,955 | | | 117 | | 1,582,666 | | Awards released | | | 126 | | (3,781,240) | | | 137 | | (630,974) | | Awards canceled/forfeited/performance adjusted | | | 121 | | (1,300,639) | | | 125 | | (256,642) | * | Balance at December 31, 2020 | | $ | 117 | | 16,896,704 | | $ | 120 | | 3,551,500 | ** | | | | | | | | | | | | |
* | Includes adjustments of (70,089), (8,544) and (328,120) PSUs for 2020, 2019 and 2018, respectively, because final performance metrics were above or below specified targets. |
** | Represents the number of shares expected to be issued based on achievement of grant date performance targets. The actual number of shares issued will depend on final performance against specified targets over the vesting period. |
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| Summary of Performance Share Units activity |
| | | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | PSUs | | | | Weighted-Average | | | | Weighted-Average | | | | | | Grant Price | | Number of Units | | Grant Price | | Number of Units | | Balance at January 1, 2018 | | $ | 141 | | 8,555,263 | | $ | 144 | | 2,649,313 | | Awards granted | | | 121 | | 4,806,790 | | | 130 | | 909,140 | | Awards released | | | 148 | | (2,579,962) | | | 152 | | (666,244) | | Awards canceled/forfeited/performance adjusted | | | 139 | | (979,387) | | | 147 | | (472,514) | * | Balance at December 31, 2018 | | $ | 130 | | 9,802,704 | | $ | 136 | | 2,419,695 | ** | Awards granted | | | 119 | | 5,650,861 | | | 117 | | 1,395,534 | | Awards released | | | 136 | | (3,145,016) | | | 140 | | (846,672) | | Awards canceled/forfeited/performance adjusted | | | 128 | | (981,921) | | | 131 | | (112,107) | * | Balance at December 31, 2019 | | $ | 123 | | 11,326,628 | | $ | 126 | | 2,856,450 | ** | Awards granted | | | 115 | | 10,651,955 | | | 117 | | 1,582,666 | | Awards released | | | 126 | | (3,781,240) | | | 137 | | (630,974) | | Awards canceled/forfeited/performance adjusted | | | 121 | | (1,300,639) | | | 125 | | (256,642) | * | Balance at December 31, 2020 | | $ | 117 | | 16,896,704 | | $ | 120 | | 3,551,500 | ** | | | | | | | | | | | | |
* | Includes adjustments of (70,089), (8,544) and (328,120) PSUs for 2020, 2019 and 2018, respectively, because final performance metrics were above or below specified targets. |
** | Represents the number of shares expected to be issued based on achievement of grant date performance targets. The actual number of shares issued will depend on final performance against specified targets over the vesting period. |
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| Summary of total fair value of RSUs and PSUs granted and vested |
| | | | | | | | | | ($ in millions) | | | | | | | | | | For the year ended December 31: | | 2020 | | 2019 | | 2018 | RSUs | | | | | | | | | | Granted | | $ | 1,220 | | $ | 674 | | $ | 583 | Vested | | | 478 | | | 428 | | | 381 | PSUs | | | | | | | | | | Granted | | $ | 186 | | $ | 164 | | $ | 118 | Vested | | | 86 | | | 118 | | | 101 | | | | | | | | | | |
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