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10Q SHARE-BASED AWARDS AND STOCK 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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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 changes in outstanding nonvested shares.

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