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Share-Based Payments (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement, Additional Disclosure [Abstract] |
Schedule of Weighted-Average Assumptions Used in the Valuation of Stock Option Awards | The following table presents the weighted-average assumptions used in the valuation and the resulting weighted-average fair value per Option granted for the years ended December 31:
|  | 2024 |  | 2023 |  | 2022
Risk-free rate of return |  | 4.2 | % |  | 4.2 | % |  | 1.6 | %
Expected term (in years) |  | 6.00 |  | 6.00 |  | 6.00
Expected volatility |  | 28.7 | % |  | 29.5 | % |  | 24.6 | %
Expected dividend yield |  | 0.6 | % |  | 0.6 | % |  | 0.6 | %
Weighted-average fair value per Option granted |  | $ | 164.66 |  |  | $ | 123.22 |  |  | $ | 86.92 |
Summary of Stock Option Activity | The following table summarizes the Company’s Option activity for the year ended December 31, 2024:
|  | Options |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value
|  | (in millions) |  |  |  | (in years) |  | (in millions)
Outstanding at January 1, 2024 |  | 3.0 |  |  | $ | 217 |  |  |  |  |
Granted |  | 0.2 |  |  | $ | 476 |  |  |  |  |
Exercised |  | (1.1) |  |  | $ | 163 |  |  |  |  |
Forfeited |  | — |  |  | $ | 418 |  |  |  |  |
Outstanding at December 31, 2024 |  | 2.1 |  |  | $ | 273 |  |  | 5.2 |  | $ | 524 |
Exercisable at December 31, 2024 |  | 1.6 |  |  | $ | 230 |  |  | 4.2 |  | $ | 461 |
Options vested and expected to vest at December 31, 2024 |  | 2.1 |  |  | $ | 273 |  |  | 5.2 |  | $ | 524 |
Summary of Restricted Stock Unit Activity | The following table summarizes the Company’s RSU activity for the year ended December 31, 2024:
|  | Units |  | Weighted-Average Grant-Date Fair Value |  | Aggregate Intrinsic Value
|  | (in millions) |  |  |  | (in millions)
Outstanding at January 1, 2024 |  | 2.2 |  |  | $ | 344 |  |  |
Granted |  | 1.0 |  |  | $ | 472 |  |  |
Converted |  | (1.0) |  |  | $ | 338 |  |  |
Forfeited |  | (0.1) |  |  | $ | 391 |  |  |
Outstanding at December 31, 2024 |  | 2.1 |  |  | $ | 403 |  |  | $ | 1,081 |
RSUs expected to vest at December 31, 2024 |  | 2.0 |  |  | $ | 403 |  |  | $ | 1,034 |
Summary of Performance Stock Unit Activity | The following table summarizes the Company’s PSU activity for the year ended December 31, 2024:
|  | Units |  | Weighted-Average Grant-Date Fair Value |  | Aggregate Intrinsic Value
|  | (in millions) |  |  |  | (in millions)
Outstanding at January 1, 2024 |  | 0.6 |  |  | $ | 365 |  |  |
Granted |  | 0.2 |  |  | $ | 512 |  |  |
Converted |  | (0.3) |  |  | $ | 385 |  |  |
Other |  | 0.1 |  |  | $ | 335 |  |  |
Outstanding at December 31, 2024 |  | 0.6 |  |  | $ | 396 |  |  | $ | 325 |
PSUs expected to vest at December 31, 2024 |  | 0.6 |  |  | $ | 396 |  |  | $ | 321 |
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan | The following table includes additional share-based payment information for each of the years ended December 31:
|  | 2024 |  | 2023 |  | 2022
|  | (in millions, except weighted-average fair value)
Share-based compensation expense |  | $ | 526 |  |  | $ | 460 |  |  | $ | 295 |
Income tax benefit recognized for equity awards |  | 111 |  |  | 99 |  |  | 61 |
Income tax benefit realized related to Options exercised |  | 77 |  |  | 95 |  |  | 49 |
Options |  |  |  |  |  |
Total intrinsic value of Options exercised |  | 354 |  |  | 487 |  |  | 231 |
RSUs |  |  |  |  |  |
Weighted-average grant-date fair value of awards granted |  | 472 |  |  | 350 |  |  | 340 |
Total grant-date fair value of awards vested |  | 340 |  |  | 235 |  |  | 305 |
Total intrinsic value of RSUs converted into shares of Class A common stock |  | 477 |  |  | 253 |  |  | 420 |
PSUs |  |  |  |  |  |
Weighted-average grant-date fair value of awards granted |  | 512 |  |  | 365 |  |  | 335 |
Total grant-date fair value of awards vested |  | 99 |  |  | 12 |  |  | — |
Total intrinsic value of PSUs converted into shares of Class A common stock |  | 122 |  |  | 14 |  |  | — |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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