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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2025
Schedule of Information Related to Stock Option Exercises The following table presents information related to stock option exercises for 2024 and 2023

 

 

2024

 

 

2023

 

Total intrinsic value of stock options exercised

 

$

0.3

 

 

$

1.3

 

Cash proceeds received from stock options exercised

 

 

1.4

 

 

 

0.2

 

Tax deduction realized from stock options exercised

 

 

0.1

 

 

 

0.3

 

Schedule of Restricted Stock and Restricted Stock Units Activity e also granted non-vested stock awards in the form of Restricted Stock Units (“RSUs”) and Performance Stock Units (“PSUs”). A summary of the 2025 activity related to the RSUs and PSUs is as follows:

 

 

 

Non-Vested Stock Awards

 

 

 

RSUs

 

 

PSUs

 

 

 

Number of shares (thousands)

 

 

Weighted-
average fair value
at grant date

 

 

Number of shares (thousands)

 

 

Weighted-
average fair value
at grant date

 

December 31, 2024

 

231.8

 

 

$

88.46

 

 

 

261.0

 

 

$

108.09

 

Granted

 

 

47.8

 

 

 

157.15

 

 

 

56.2

 

 

 

161.61

 

Performance adjustments

 

 

-

 

 

 

-

 

 

 

29.7

 

 

 

83.75

 

Vested

 

 

(34.5

)

 

 

(91.12

)

 

 

(136.4

)

 

 

(101.42

)

Forfeited

 

 

(3.4

)

 

 

(106.32

)

 

 

(3.4

)

 

 

(125.62

)

December 31, 2025

 

241.7

 

 

$

101.37

 

 

 

207.1

 

 

$

128.22

 

ScheduleOfShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsValuationAssumptionsTableTextBlock

 

 

2025

 

 

2024

 

Weighted-average grant date fair value of market-based PSUs granted (dollars per award)

 

$

170.96

 

 

$

164.22

 

Assumptions

 

 

 

 

 

 

Risk-free rate of return

 

 

4.0

%

 

 

4.4

%

Expected volatility

 

 

26.3

%

 

 

27.7

%

Expected term (in years)

 

 

3.1

 

 

 

3.1

 

Expected dividend yield

 

 

0.0

%

 

 

0.0

%