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Share-Based Compensation
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
The Company recognized $87 million and $88 million of share-based compensation expense during the three months ended September 30, 2025 and 2024, respectively, and $302 million and $273 million of share-based compensation during the nine months ended September 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 September 30, 2025, the total remaining unrecognized compensation cost for restricted stock units and awards and performance share units, net of estimated forfeitures, of $452 million is expected to be recognized over a weighted-average period of 1.8 years.
A summary of restricted stock unit, restricted stock award and performance share unit activity during the nine months ended September 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 
Granted1,617 227.11 1,022 207.39 
Forfeited(319)165.52 (201)132.11 
Vested(2,443)123.64 (626)111.14 
Units and awards - September 30, 2025
3,571 $167.88 2,161 $142.47 
A summary of stock option activity during the nine months ended September 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(820)88.86 
Stock options outstanding - September 30, 2025766 $90.50 3.51$29 
Stock options exercisable - September 30, 2025766 $90.50 3.51$29