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Share-Based Payments (Tables)

12 Months Ended

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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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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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.

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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.

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