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Equity Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2025
Equity Incentive Plans [Abstract]  
Schedule of Equity Awards
The following table provides the amounts of total compensation expense for the equity incentive plans and the total related tax benefits recognized.
For the year ended December 31,
($ in millions)202520242023
Compensation expense$123 $125 $73 
Income tax benefits17 18 12 
The following table provides the amounts of cash received from exercise of options and the related tax benefits realized on options exercised.
For the year ended December 31,
($ in millions)202520242023
Cash received from exercise of options$78 $189 $103 
Tax benefit realized on options exercised
24 32 16 
Schedule of Nonvested Awards
Nonvested awards as of December 31, 2025
($ in millions)Unrecognized compensationWeighted average vesting period
Nonqualified stock options$15 1.58
Restricted stock units51 1.79
Performance stock awards31 1.47
Total$97 
Schedule of Option Grant Assumptions
Option grant assumptions
202520242023
Weighted average expected term
5.9 years
5.7 years
5.8 years
Expected volatility
22.3% - 30.4%
21.2% - 31.6%
20.0% - 31.6%
Weighted average volatility25.4 %25.4 %24.9 %
Expected dividends
1.9% - 2.1%
1.8% - 2.4%
2.4% - 3.3%
Weighted average expected dividends2.1 %2.3 %2.6 %
Risk-free rate
3.5% - 4.6%
3.6% - 5.6%
3.3% - 5.6%
Schedule of Option Activity
Summary of option activity
For the year ended December 31, 2025
Number
(in thousands)
Weighted average exercise price
Aggregate intrinsic value
(in thousands)
Weighted average remaining contractual term (years)
Outstanding as of January 1, 20256,393 $110.46 
Granted482 189.19 
Exercised(1,074)90.54 
Forfeited(64)161.99 
Expired(2)133.44 
Outstanding as of December 31, 20255,735 120.21 $504,297 4.9
Outstanding, net of expected forfeitures5,715 120.01 503,741 4.9
Outstanding, exercisable (“vested”)4,659 109.44 459,884 4.2
Schedule of Changes in Restricted Stock Units
Changes in restricted stock units
For the year ended December 31, 2025
Number
(in thousands)
Weighted average grant date fair value
Nonvested as of January 1, 2025840 $131.93 
Granted331 192.37 
Vested(350)137.77 
Forfeited(55)162.40 
Nonvested as of December 31, 2025766 153.18 
Schedule of Changes in Performance Stock Awards
Changes in performance stock awards
For the year ended December 31, 2025
Number
(in thousands)
Weighted average grant date fair value
Nonvested as of January 1, 2025642 $140.46 
Granted182 189.25 
Adjustment for performance achievement(75)122.81 
Vested(123)122.81 
Forfeited(23)151.57 
Nonvested as of December 31, 2025603 160.61 
Schedule of Performance Stock Awards Assumptions
Performance stock awards grant assumptions
202520242023
Expected term
2.8 years
2.9 years
2.9 years
Expected volatility26.6 %27.2 %24.8 %
Average peer volatility
23.5 %23.3 %29.9 %
Risk-free rate4.1 %4.5 %1.7 %