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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Fair Value of TSR Performance RSUs
We estimated the fair value of the TSR Performance RSUs referred to above on the date of the grant using a Monte Carlo simulation with the following assumptions:
Year Ended December 31,
20242022
Volatility of common stock29.9 %35.6 %
Expected dividend yield0.0 %0.0 %
Risk-free interest rate4.2 %1.8 %
Schedule of Non-Vested Stock Awards
A summary of the status of our non-vested stock awards is presented in the table below:
Shares/UnitsWeighted Average
Market Value
Per Share
Balance at December 31, 20216,848,791 $64.10 
Granted1,796,196 95.01 
Performance award achievement adjustments409,851 77.99 
Vested(1,372,123)57.74 
Forfeited(269,636)79.33 
Balance at December 31, 20227,413,079 73.67 
Granted1,664,755 78.46 
Performance award achievement adjustments365,965 81.14 
Vested(4,001,675)59.62 
Forfeited(221,545)81.14 
Balance at December 31, 20235,220,579 86.17 
Granted1,609,510 95.89 
Performance award achievement adjustments(302,282)111.72 
Vested(1,729,161)75.67 
Forfeited(341,324)89.27 
Balance at December 31, 20244,457,322 91.78 
Schedule of Amounts Recognized in Balance Sheet
The following table provides amounts recognized related to all of our defined benefit pension plans within the following captions on our consolidated balance sheets (dollars in millions):
December 31,
20242023
Other assets, net$64 $41 
Other liabilities70 85 
Schedule of Expected Benefit Payments
The following table presents estimated future benefit payments as of December 31, 2024. We will fund these obligations from the assets held by these plans. If the assets these plans hold are not sufficient to fund these payments, the company will fund the remaining obligations (dollars in millions):
20252026202720282029
Thereafter
Estimated future benefit payments for defined benefit plans
$48 $47 $47 $48 $48 $270