XML 47 R31.htm IDEA: XBRL DOCUMENT v3.22.4

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of RSU Activity

RSU activity for the year ended December 31, 2022, was as follows (in millions, except per share amounts):

			Shares						Weighted-Average Grant Date Fair Value Per Share
Unvested balance as of December 31, 2021			4.8						$	207.37
Granted			2.0						$	272.97
Vested			(1.9)						$	191.19
Forfeited			(0.3)						$	235.38
Unvested balance as of December 31, 2022			4.6						$	241.47

Summary Of Stock Option Activity Under All Stock Plans

NSO activity during 2022 under all of the stock plans was as follows (in millions, except per share amounts):

			Stock Options Outstanding
			Number Outstanding						Weighted-Average Exercise Price Per Share
Balance as of December 31, 2021			11.7						$	125.07
Options granted			1.2						$	249.62
Options exercised			(1.9)						$	77.59
Options forfeited/expired			(0.2)						$	240.02
Balance as of December 31, 2022			10.8						$	144.86

Summary Of Significant Ranges Of Outstanding And Exercisable Options

The following table summarizes significant ranges of outstanding and exercisable options as of December 31, 2022 (number of shares and aggregate intrinsic value in millions):

						Options Outstanding																								Options Exercisable
Range of Exercise Prices						Number of Shares						Weighted-Average Remaining Contractual Life						Weighted-Average Exercise Price Per Share						Aggregate Intrinsic Value (1)						Number of Shares						Weighted-Average Remaining Contractual Life						Weighted-Average Exercise Price Per Share						Aggregate Intrinsic Value (1)
$29.91-$49.34						1.1						0.9						$	45.33											1.1												$	45.33
$51.02-$59.23						1.5						2.1						$	55.61											1.5												$	55.61
$59.46-$77.00						1.4						2.6						$	67.23											1.4												$	67.23
$77.04-$139.52						1.4						4.6						$	108.37											1.4												$	108.37
$143.49-$174.26						1.3						6.1						$	168.86											1.2												$	168.99
$175.53-$182.83						1.2						6.6						$	179.92											1.0												$	180.26
$182.90-$242.34						1.3						7.1						$	219.80											0.6												$	224.29
$243.26-$290.33						1.1						7.2						$	268.20											0.4												$	261.46
$292.49-$341.16						—						6.8						$	311.17											—												$	330.70
$347.42-$347.42						0.5						8.6						$	347.42											0.2												$	347.42
Total						10.8						4.7						$	144.87					$	1,354					8.8						4.2						$	121.60					$	1,292

(1)The aggregate intrinsic value represents the total pre-tax intrinsic value, based on the Company’s closing stock price of $265.35 as of December 31, 2022, which would have been received by the option holders had all in-the-money option holders exercised their options as of that date.

Summary of PSU Activity

PSU activity during 2022 was as follows (in millions, except per share amounts):

			Shares						Weighted-Average Grant Date Fair Value Per Share
Unvested balance as of December 31, 2021			—						$	—
Granted			0.1						$	299.32
Vested			—						$	—
Performance change			—						$	—
Forfeited			—						$	—
Unvested balance as of December 31, 2022			0.1						$	299.32

Summary Of Share-Based Compensation Expense

The following table summarizes share-based compensation expense (in millions):

			Years Ended December 31,
			2022						2021						2020
Cost of revenue—product			$	67.6					$	68.9					$	58.9
Cost of revenue—service			23.6						22.2						24.0
Total cost of revenue			91.2						91.1						82.9
Selling, general and administrative			261.1						231.6						202.2
Research and development			164.2						134.1						113.6
Share-based compensation expense before income taxes			516.5						456.8						398.7
Income tax benefit			101.7						93.7						81.4
Share-based compensation expense after income taxes			$	414.8					$	363.1					$	317.3

Schedule Of Estimated Fair Values Of The Option Using Black-Scholes Option Pricing Model, Weighted Average Assumptions and Fair Value of RSUs

The weighted-average estimated fair values of stock options, the rights to acquire stock under the ESPP, and RSUs, as well as the weighted-average assumptions used in calculating the fair values of stock options and rights to acquire stock under the ESPP that were granted during the years ended December 31, 2022, 2021, and 2020, were as follows:

			Years Ended December 31,
			2022						2021						2020
RSUs
Fair value at grant date			$272.97						$256.52						$181.89
STOCK OPTIONS
Risk-free interest rate			2.6%						0.8%						0.6%
Expected term (in years)			3.2						4.1						4.1
Expected volatility			38%						32%						32%
Fair value at grant date			$73.65						$78.23						$54.34
PSUs
Fair value at grant date			$299.32						$—						$—
ESPP
Risk-free interest rate			2.1%						0.1%						0.9%
Expected term (in years)			1.2						1.2						1.2
Expected volatility			39%						29%						30%
Fair value at grant date			$80.61						$89.98						$57.29

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration