v3.24.2
Share-Based Incentive Compensation
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Share-Based Incentive Compensation SHARE-BASED INCENTIVE COMPENSATION
The following information relates to fully vested stock option awards at June 30, 2024:
                                           Stock OptionsNumberWeighted
Average
Exercise
Price
Weighted
Average
Contractual
Life
Remaining
Aggregate
Intrinsic
Value
($ in millions)
Vested at end of period (1)
6,751,500 $147.09 5.7 years$385 
Exercisable at end of period5,098,310 $133.44 4.8 years$357 
_________________________________________________________
(1)Represents awards for which the requisite service has been rendered, including those that are retirement eligible.
The total compensation cost for all share-based incentive compensation awards recognized in earnings was $60 million and $47 million for the three months ended June 30, 2024 and 2023, respectively, and $139 million and $116 million for the six months ended June 30, 2024 and 2023, respectively. The related tax benefits recognized in the consolidated statement of income (loss) were $10 million and $8 million for the three months ended June 30, 2024 and 2023, respectively, and $22 million and $19 million for the six months ended June 30, 2024 and 2023, respectively.
The total unrecognized compensation cost related to all nonvested share-based incentive compensation awards at June 30, 2024 was $343 million, which is expected to be recognized over a weighted-average period of 2.0 years.