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Share-Based Compensation
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
The Company recognized $91 million and $99 million of share-based compensation expense during the three months ended June 30, 2025 and 2024, respectively, and $215 million and $185 million of share-based compensation during the six months ended June 30, 2025 and 2024, respectively. The Company’s share-based compensation awards are typically granted in the first quarter of the year; however, grants may also occur throughout the year. At June 30, 2025, the total remaining unrecognized compensation cost for restricted stock units and awards and performance share units, net of estimated forfeitures, of $486 million is expected to be recognized over a weighted-average period of 2.0 years.
A summary of restricted stock unit, restricted stock award and performance share unit activity during the six months ended June 30, 2025 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, 2024
4,716 $124.78 1,966 $116.62 
Granted1,540 229.11 545 249.54 
Forfeited(166)152.06 (184)123.04 
Vested(2,349)123.76 (626)111.14 
Units and awards - June 30, 2025
3,741 $167.07 1,701 $145.10 
A summary of stock option activity during the six months ended June 30, 2025 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, 20241,586 $89.65 
Exercised(686)92.46 
Stock options outstanding - June 30, 2025900 $87.52 3.55$76 
Stock options exercisable - June 30, 2025900 $87.52 3.55$76