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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of Compensation Expense

The compensation expense that has been charged against income for these plans was as follows for the years ended December 31, 2024, 2023, and 2022:

			2024						2023						2022
			(in millions)
Stock-based compensation expense by type:
Restricted stock			$	198					$	168					$	207
Stock options			9						7						9
Total stock-based compensation expense			207						175						216
Tax benefit recognized			(29)						(28)						(28)
Stock-based compensation expense, net of tax			$	178					$	147					$	188

Schedule of Activity for Restricted Stock

Activity for our restricted stock was as follows for the year ended December 31, 2024:

			Shares						Weighted- Average Grant-Date Fair Value
			(shares in thousands)
Nonvested restricted stock at December 31, 2023			754						$	488.06
Granted			686						364.59
Vested			(497)						389.41
Forfeited			(75)						433.72
Nonvested restricted stock at December 31, 2024			868						$	426.40

Schedule of Fair Value Estimated Using the Black-Scholes Pricing Model with Weighted-Average Assumptions

The fair value was estimated on the date of grant using the Black-Scholes pricing model with the weighted-average assumptions indicated below:

			2024						2023						2022
Weighted-average fair value at grant date			$	96.42					$	130.74					$	113.35
Expected option life (years)			3.5 years						3.0 years						3.6 years
Expected volatility			28.8		%				31.6		%				36.1		%
Risk-free interest rate at grant date			4.3		%				4.5		%				1.8		%
Dividend yield			0.9		%				0.7		%				0.7		%

Schedule of Activity for Option Plans

Activity for our option plans was as follows for the year ended December 31, 2024:

			Shares  Under Option						Weighted-Average Exercise Price
			(shares in thousands)
Options outstanding at December 31, 2023			242						$	415.18
Granted			149						385.05
Exercised			(1)						259.26
Forfeited			(15)						391.61
Options outstanding at December 31, 2024			375						$	404.61
Options exercisable at December 31, 2024			166						$	393.73

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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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.

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