XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.2
Share-Based Compensation
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
The Company recognized $94 million and $61 million of share-based compensation expense during the three months ended June 30, 2022 and 2021, respectively, and $155 million and $127 million of share-based compensation expense during the six months ended June 30, 2022 and 2021, respectively. The Company's share-based compensation awards are typically granted in the first quarter of the year, and may also occur throughout the year in conjunction with acquisitions of businesses. At June 30, 2022, the total remaining unrecognized compensation cost for unvested stock options, restricted stock units and awards and performance share units, net of estimated forfeitures, of $636 million is expected to be recognized over a weighted-average period of 2.4 years. During the six months ended June 30, 2022 and 2021, stock options to purchase 1.5 million and 2.4 million shares, respectively, were exercised.
A summary of stock option activity during the six months ended June 30, 2022 is as follows:
Shares
(In thousands)		Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (In millions)
Stock options outstanding - December 31, 202110,229 $56.36 
Granted— — 
Forfeited(107)111.90 
Exercised(1,481)40.45 
Stock options outstanding - June 30, 20228,641 $58.39 3.93$295 
Stock options exercisable - June 30, 20227,890 $53.29 3.55$295 
A summary of restricted stock unit, restricted stock award and performance share unit activity during the six months ended June 30, 2022 is as follows:
Restricted Stock Units and AwardsPerformance Share Units
Shares
(In thousands)		Weighted-Average Grant Date Fair ValueShares
(In thousands)		Weighted-Average Grant Date Fair Value
Units and awards - December 31, 2021
5,074 $101.09 1,392 $96.32 
Granted3,276 93.35 2,751 100.91 
Forfeited(409)102.08 (62)103.45 
Vested(1,764)99.17 — — 
Units and awards - June 30, 2022
6,177 $97.43 4,081 $99.40 
On April 1, 2022, in conjunction with the acquisition of Finxact (see Note 4), the Company granted 2.4 million restricted stock units with performance vesting provisions to be measured over two and five years, which are presented as performance share units within the table above.