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Stock-Based Compensation Plans (Tables) | 3 Months Ended
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Mar. 31, 2026
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Awards | A summary of the Company’s stock option activity for the three month period ended March 31, 2026 is presented in the following table (underlying shares in thousands).
| Shares |  | Weighted-Average Exercise Price (per share)
Stock options outstanding as of December 31, 2025 | 4,314 |  |  | $ | 49.83 |
Granted | 604 |  |  | 93.94 |
Exercised or settled | (729) |  |  | 21.88 |
Forfeited | (21) |  |  | 82.13 |
Expired | (2) |  |  | 81.78 |
Stock options outstanding as of March 31, 2026 | 4,166 |  |  | 60.94 |
Vested as of March 31, 2026 | 2,493 |  |  | 44.80 |
Schedule of Fair Value Assumptions | The following assumptions were used to estimate the fair value of options granted during the three month periods ended March 31, 2026 and 2025 using the Black-Scholes option-pricing model.
| For the Three Month Period Ended March 31,
Assumptions | 2026 |  | 2025
Expected life of options (in years) | 6.3 |  | 6.3 - 7.5
Risk-free interest rate | 3.7% |  | 4.1% - 4.2%
Assumed volatility | 34.0% |  | 34.2% - 34.3%
Expected dividend rate | 0.1 | % |  | 0.1 | %
The following assumptions were used to estimate the fair value of performance stock units granted during the three month periods ended March 31, 2026 and 2025 using the Monte Carlo simulation pricing model.
| For the Three Month Period Ended March 31,
Assumptions | 2026 |  | 2025
Expected term (in years) | 2.9 |  | 2.8
Risk-free interest rate | 3.4% |  | 4.0%
Assumed volatility | 28.9% |  | 28.6%
Expected dividend rate | 0.1 | % |  | 0.1 | %
Schedule of Restricted Stock Unit Activity | A summary of the Company’s restricted stock unit activity for the three month period ended March 31, 2026 is presented in the following table (underlying shares in thousands).
| Shares |  | Weighted-Average Grant-Date Fair Value
Non-vested as of December 31, 2025 | 892 |  |  | $ | 80.55 |
Granted | 299 |  |  | 93.94 |
Vested | (268) |  |  | 75.54 |
Forfeited | (23) |  |  | 84.48 |
Non-vested as of March 31, 2026 | 900 |  |  | 86.39 |
Schedule of Performance Stock Unit Activity | A summary of the Company’s performance stock unit activity for the three month period ended March 31, 2026 is presented in the following table (underlying shares in thousands).
| Shares |  | Weighted-Average Grant-Date Fair Value
Non-vested as of December 31, 2025 | 1,347 |  |  | $ | 54.67 |
Granted | 182 |  |  | 114.87 |
Change in units based on performance | 8 |  |  | 75.52 |
Vested | (129) |  |  | 75.52 |
Non-vested as of March 31, 2026 | 1,408 |  |  | 60.67 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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