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Share-Based Compensation | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation The Company recognized $86 million and $93 million of share-based compensation expense during the three months ended March 31, 2024 and 2023, 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, 2024, the total remaining unrecognized compensation cost for restricted stock units and awards, performance share units, and unvested stock options, net of estimated forfeitures, of $558 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, 2024 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, 2023 | 5,419 |  |  | $ | 103.11 |  |  | 3,219 |  |  | $ | 104.09 |
Granted | 1,963 |  |  | 147.57 |  |  | 273 |  |  | 157.52 |
Forfeited | (102) |  |  | 108.34 |  |  | (44) |  |  | 113.73 |
Vested | (2,207) |  |  | 103.59 |  |  | (217) |  |  | 103.59 |
Units and awards - March 31, 2024 | 5,073 |  |  | $ | 119.99 |  |  | 3,231 |  |  | $ | 107.97 |
A summary of stock option activity during the three months ended March 31, 2024 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, 2023 | 3,865 |  |  | $ | 72.36 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Forfeited | (10) |  |  | 108.15 |  |  |  |  |
Exercised | (1,784) |  |  | 55.95 |  |  |  |  |
Stock options outstanding - March 31, 2024 | 2,071 |  |  | $ | 86.31 |  |  | 4.55 |  | $ | 152 |
Stock options exercisable - March 31, 2024 | 2,022 |  |  | $ | 85.70 |  |  | 4.49 |  | $ | 150 |

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