v3.25.4

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Total Share-Based Compensation | Total share-based compensation expense for the years ended 2025, 2024 and 2023, was as follows:
In millions | 2025 | 2024 | 2023
Restricted stock units | $ | 18.8 |  | $ | 14.0 |  | $ | 10.5 |
Performance share units | 11.5 |  | 7.9 |  | 7.1 |
Stock options | 7.2 |  | 5.4 |  | 4.2 |
Total | $ | 37.5 |  | $ | 27.3 |  | $ | 21.8 |
Restricted Stock Unit Activity | The following table summarizes restricted stock unit activity for the year ended December 31, 2025:
Shares in millions | Number of shares | Weighted-average grant date fair value
Outstanding as of January 1, 2025 | 0.5 |  | $ | 55.69 |
Granted | 0.4 |  | 56.46 |
Vested | (0.3) |  | 50.41 |
Outstanding as of December 31, 2025 | 0.6 |  | 58.17 |
Performance Share Units Activity | The following table summarizes PSU activity for the year ended December 31, 2025:
Shares in millions | Number of shares | Weighted-average grant date fair value
Outstanding as of January 1, 2025 | 0.3 |  | $ | 66.95 |
Granted | 0.4 |  | 59.17 |
Vested | (0.3) |  | 43.31 |
Outstanding as of December 31, 2025 | 0.4 |  | 73.00 |
Stock Option Assumptions | A summary of the assumptions used in determining the fair value of these PSUs is as follows:
| 2025 | 2024 | 2023
Risk-free interest rate | 3.94 | % | 4.36 | % | 4.66 | %
Expected share price volatility | 39.9 | % | 43.0 | % | 51.5 | %
Grant-date fair value | $ | 59.17 |  | $ | 103.93 |  | $ | 68.72 |
We estimated the fair value of each stock option award issued in the annual share-based compensation grant using a Black-Scholes option pricing model, modified for dividends, and using the following assumptions for the years ended December 31:
| 2025 | 2024 | 2023
Risk-free interest rate | 4.33 | % | 4.06 | % | 3.77 | %
Expected dividend yield | 1.16 | % | 1.27 | % | 1.73 | %
Expected share price volatility | 37.6 | % | 37.1 | % | 36.6 | %
Expected term (years) | 6.1 | 6.8 | 6.5
Weighted-average grant-date fair value for options granted during the year | $ | 22.05 | $ | 27.16 | $ | 16.56
Stock Options Activity | The following table summarizes stock option activity for the year ended December 31, 2025:
Shares and intrinsic value in millions | Number of shares | Weighted-average exercise price | Weighted-average remaining contractual life (years) | Aggregate intrinsic Value
Outstanding as of January 1, 2025 | 3.2 |  | $ | 30.64 |  |  |
Granted | 0.3 |  | 56.35 |  |  |
Exercised | (1.1) |  | 25.40 |  |  |
Outstanding as of December 31, 2025 | 2.4 |  | 36.30 |  |  |
Options exercisable as of December 31, 2025 | 1.9 |  | 29.93 |  | 4.4 | $ | 134.1 |
Options expected to vest as of December 31, 2025 | 0.5 |  | 58.16 |  | 8.5 | 23.5 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
Name: | us-gaap_ScheduleOfStockOptionsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration