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SHARE-BASED AWARDS AND OPTIONS (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |  |
Schedule of Share-based Compensation Expense | The following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options:
| Three Months Ended |  |
| March 31, 2025 |  | March 31, 2024 |  |  |  |
| (in thousands)
Share-based compensation expense from continuing operations | $ | 30,288 |  |  | $ | 33,359 |  |  |  |  |
Share-based compensation expense from discontinued operations | 9,452 |  |  | 6,758 |  |  |  |  |
Total share-based compensation expense | $ | 39,740 |  |  | $ | 40,117 |  |  |  |  |
Total income tax benefit | $ | 6,265 |  |  | $ | 9,366 |  |  |  |  |
| The following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Share-based compensation expense from continuing operations | $ | 137,769 |  |  | $ | 178,138 |  |  | $ | 142,251 |
Share-based compensation expense from discontinued operations | 26,475 |  |  | 30,856 |  |  | 21,010 |
Total share-based compensation expense | $ | 164,244 |  |  | $ | 208,994 |  |  | $ | 163,261 |
Total income tax benefit | $ | 35,528 |  |  | $ | 48,446 |  |  | $ | 38,059 |
Schedule of Changes in Unvested Restricted Stock Awards and Performance Units | The following table summarizes the changes in unvested restricted stock and performance awards for the three months ended March 31, 2025:
| Shares |  | Weighted-Average Grant-Date Fair Value
| (in thousands) |  |
Unvested at December 31, 2024 | 2,252 |  |  | $126.07 |
Granted | 1,446 |  |  | 105.35 |
Vested | (1,027) |  |  | 128.59 |
Forfeited | (85) |  |  | 111.46 |
Unvested at March 31, 2025 | 2,586 |  |  | $113.27 |
| The following table summarizes the changes in unvested restricted stock awards and performance units for the years ended December 31, 2024, 2023 and 2022:
|  | Shares |  | Weighted-Average Grant-Date Fair Value
|  | (in thousands) |  |
Unvested at December 31, 2021 |  | 1,640 |  |  | $184.90
Granted |  | 1,496 |  |  | 137.51
Vested |  | (756) |  |  | 170.79
Forfeited |  | (235) |  |  | 164.06
Unvested at December 31, 2022 |  | 2,145 |  |  | 159.04
Replacement Awards |  | 202 |  |  | 98.44
Granted |  | 1,322 |  |  | 112.81
Vested |  | (1,041) |  |  | 157.33
Forfeited |  | (147) |  |  | 128.18
Unvested at December 31, 2023 |  | 2,481 |  |  | 131.41
Granted |  | 1,225 |  |  | 128.97
Vested |  | (1,224) |  |  | 140.79
Forfeited |  | (230) |  |  | 119.07
Unvested at December 31, 2024 |  | 2,252 |  |  | $126.07
Schedule of Changes in Stock Option Activity | The following table summarizes stock option activity for the three months ended March 31, 2025:
| Options |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value
| (in thousands) |  |  |  | (years) |  | (in millions)
Outstanding at December 31, 2024 | 778 |  |  | $112.91 |  |  | 5.5 |  | $9.0
Granted | 208 |  |  | 105.28 |  |  |  |  |
Forfeited | (17) |  |  | 111.74 |  |  |  |  |
Exercised | (19) |  |  | 54.37 |  |  |  |  |
Outstanding at March 31, 2025 | 950 |  |  | $112.35 |  |  | 6.3 |  | $4.5
Options vested and exercisable at March 31, 2025 | 605 |  |  | $112.97 |  |  | 4.5 |  | $4.5
| The following table summarizes changes in stock option activity for the years ended December 31, 2024, 2023 and 2022:
| Options |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value
| (in thousands) |  |  |  | (years) |  | (in millions)
Outstanding at December 31, 2021 | 1,172 |  |  | $107.44 |  | 5.8 |  | $47.4
Granted | 154 |  |  | 136.02 |  |  |  |
Forfeited | (89) |  |  | 147.65 |  |  |  |
Exercised | (98) |  |  | 65.69 |  |  |  | 5.5
Outstanding at December 31, 2022 | 1,139 |  |  | 111.75 |  | 5.4 |  | 17.3
Replacement Awards | 142 |  |  | 98.44 |  |  |  |
Granted | 233 |  |  | 110.83 |  |  |  |
Forfeited | (297) |  |  | 155.35 |  |  |  |
Exercised | (296) |  |  | 89.08 |  |  |  | 9.4
Outstanding at December 31, 2023 | 921 |  |  | 99.54 |  | 5.0 |  | 32.1
Granted | 168 |  |  | 127.99 |  |  |  |
Forfeited | (77) |  |  | 150.55 |  |  |  |
Exercised | (234) |  |  | 59.16 |  |  |  | 16.0
Outstanding at December 31, 2024 | 778 |  |  | $112.91 |  | 5.5 |  | $9.0
Options vested and exercisable at December 31, 2024 | 521 |  |  | $110.07 |  | 4.0 |  | $7.9
Schedule of Fair Valuation Assumptions | Fair value was estimated on the date of grant using the Black-Scholes valuation model with the following weighted-average assumptions:
| Three Months Ended
| March 31, 2025 |  | March 31, 2024
Risk-free interest rate | 4.01% |  | 4.16%
Expected volatility | 47% |  | 45%
Dividend yield | 0.88% |  | 0.90%
Expected term in years | 5 |  | 5
| Fair value was estimated on the date of grant using the Black-Scholes valuation model with the following weighted-average assumptions:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Risk-free interest rate | 4.13% |  | 3.84% |  | 1.87%
Expected volatility | 45% |  | 45% |  | 40%
Dividend yield | 0.90% |  | 0.81% |  | 0.56%
Expected term (years) | 5 |  | 5 |  | 5

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