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STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Cost and Associated Tax Benefit

Presented below is a summary of the stock-based compensation expense and associated tax benefit in the accompanying consolidated statements of operations:

			Year Ended December 31,
			2024						2023						2022
Stock-based compensation expense			$	221					$	193					$	169
Tax benefit			$	48					$	45					$	41

Weighted Average Assumptions used in Determining Fair Value for Options Granted

The following weighted average assumptions were used for options granted:

			Year Ended December 31,
			2024						2023						2022
Expected dividend yield			0.91		%				1.04		%				0.86		%
Expected stock volatility			28		%				29		%				27		%
Risk-free interest rate			4.34		%				4.19		%				1.91		%
Expected holding period (in years)			5.9						5.8						5.6
Grant date fair value			$	120.42					$	94.71					$	84.00

Share-based Payment Arrangement, Option and Stock Appreciation Rights, Activity

A summary of option activity as of December 31, 2024 and changes during the year then ended is presented below:

Options						Shares						Weighted Average Exercise Price Per Share						Weighted Average Remaining Contractual Term						Aggregate Intrinsic Value
Outstanding, December 31, 2023						0.8						$	212.29
Granted						0.2						$	372.52
Exercised						(0.3)						$	173.64
Outstanding, December 31, 2024						0.7						$	267.64					5.9 years						$	140
Vested and expected to vest, December 31, 2024						0.7						$	267.26					5.9 years						$	139
Exercisable, December 31, 2024						0.4						$	207.94					4.0 years						$	99

Stock Option Exercises and Restricted Stock Vesting

The following table summarizes information relating to stock option exercises:

			Year Ended December 31,
			2024						2023						2022
Proceeds from stock option exercises			$	53					$	32					$	8
Aggregate intrinsic value			$	76					$	58					$	9
Tax benefit realized upon exercise			$	13					$	14					$	2

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

A summary of nonvested restricted stock activity for the year ended December 31, 2024 is presented below:

Nonvested Restricted Stock						Shares						Weighted Average Grant Date Fair Value Per Share
Balance, December 31, 2023						1.3						$	300.39
Granted						0.6						$	373.54
Vested						(0.5)						$	300.20
Forfeited						(0.1)						$	327.53
Balance, December 31, 2024						1.3						$	330.84

A summary of performance-based restricted stock activity for the year ended December 31, 2024 is presented below:

Performance-based restricted stock						Shares						Weighted Average Grant Date Fair Value Per Share
Balance, December 31, 2023						0.3						$	308.12
Granted						0.1						$	354.67
Vested						(0.1)						$	331.60
Balance, December 31, 2024						0.3						$	330.78

Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest

The following table summarizes information relating to the vesting of restricted stock awards:

			Year Ended December 31,
			2024						2023						2022
Fair value of shares vested			$	199					$	164					$	180
Tax benefit realized upon vesting			$	48					$	40					$	42

The following table summarizes information relating to the vesting of the Company’s performance-based restricted stock awards:

			Year Ended December 31,
			2024						2023						2022
Fair value of shares vested			$	40					$	24					$	50
Tax benefit realized upon vesting			$	9					$	3					$	7

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