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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Pre-Tax Compensation Expense and the Related Income Tax Benefit for these Stock-Based Incentives
Pre-tax compensation expense included in income before income taxes for these stock-based incentives was as follows, in millions:
Year Ended December 31,
 202520242023
Restricted stock units$21 $26 $15 
Performance restricted stock units
Stock options
Phantom stock awards and stock appreciation rights
Long-term stock awards— — 
Total$30 $39 $31 
Schedule of the Company's Long-Term Stock Award Activity
Our restricted stock unit activity was as follows, units in thousands:
Year Ended December 31,
202520242023
 Number of SharesWeighted Average Grant Date Fair ValueNumber of SharesWeighted Average Grant Date Fair ValueNumber of SharesWeighted Average Grant Date Fair Value
Unvested restricted stock units at January 1738 $66 796 $57 1,154 $57 
Granted347 75 466 73 205 56 
Vested(372)63 (455)57 (532)55 
Forfeited(53)74 (68)68 (32)58 
Unvested restricted stock units at December 31661 $72 738 $66 796 $57 
Information related to phantom stock awards was as follows, dollars in millions and shares in thousands:
 At December 31,
 20252024
Accrued compensation cost liability$$
Unrecognized compensation cost$$
Equivalent common shares85 96 
Schedule of the Company's Stock Option Activity
Our stock option activity was as follows, shares in thousands:
Year Ended December 31,
202520242023
 Number of SharesWeighted Average Exercise PriceNumber of SharesWeighted Average Exercise PriceNumber of SharesWeighted Average Exercise Price
Outstanding stock options at January 11,048 $56 2,254 $45 2,988 $39 
Granted256 75 201 73 228 57 
Exercised(115)42 (1,397)41 (940)29 
Forfeited(90)77 (10)57 (22)36 
Outstanding stock options at December 311,099 $60 1,048 $56 2,254 $45 
The following table summarizes information for stock options vested and expected to vest and exercisable (vested) stock options, shares in thousands:

Year Ended December 31,
202520242023
 
Vested and Expected to Vest Stock Options
Exercisable (Vested) Stock Options
Vested and Expected to Vest Stock Options
Exercisable (Vested) Stock Options
Vested and Expected to Vest Stock Options
Exercisable (Vested) Stock Options
Number of shares1,0687261,0405922,2481,621
Weighted average exercise price$60$55$56$49$45$42
Aggregate intrinsic value$million$million$18 million$14 million$48 million$41 million
Weighted-average remaining term6 years5 years7 years5 years6 years5 years
Schedule of Weighted Average Grant Date Fair Value of Option Shares Granted and the Assumptions Used to Estimate Those Values Using a Black-Scholes Option Pricing Model
The weighted average grant date fair value of option shares granted and the assumptions used to estimate those values using a Black-Scholes option pricing model were as follows:
Year Ended December 31,
202520242023
Weighted average grant date fair value$23.98 $23.71 $16.91 
Risk-free interest rate4.51 %4.38 %3.95 %
Dividend yield1.66 %1.59 %2.02 %
Volatility factor30.42 %31.00 %31.00 %
Expected option life6 years6 years6 years