Share-Based Compensation

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Share-Based CompensationThe Company recognized $93 million and $61 million of share-based compensation expense during the three months ended March 31, 2023 and 2022, 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 March 31, 2023, the total remaining unrecognized compensation cost for restricted stock units and awards, performance share units, and unvested stock options, net of estimated forfeitures, of $669 million is expected to be recognized over a weighted-average period of 2.2 years.

A summary of restricted stock unit, restricted stock award and performance share unit activity during the three months ended March 31, 2023 is as follows:


	Restricted Stock Units and Awards			Performance Share Units
	Shares (In thousands)	Weighted-Average Grant Date Fair Value		Shares (In thousands)	Weighted-Average Grant Date Fair Value
Units and awards - December 31, 2022	5,530	$	96.88	3,243	$	100.93

Granted	2,357	112.97		311	131.38
Forfeited	(124)	98.77		(3)	101.56
Vested	(1,824)	98.71		—	—
Units and awards - March 31, 2023	5,939	$	102.66	3,551	$	103.40

A summary of stock option activity during the three months ended March 31, 2023 is as follows:


	Shares (In thousands)	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (In millions)
Stock options outstanding - December 31, 2022	6,336	$	62.91

Granted	—	—
Forfeited	(20)	112.87
Exercised	(735)	41.16
Stock options outstanding - March 31, 2023	5,581	$	65.59	3.90	$	253
Stock options exercisable - March 31, 2023	5,202	$	62.21	3.65	$	253