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Share-based Incentive Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Valuation Assumptions | The fair value of stock options was estimated using the Black-Scholes option pricing model. The following is a summary of the assumptions used in this model for the stock options granted in 2015 and 2019:
| 2015 Stock Options |  | 2019 Stock Options |  |
Expected volatility | 28.6 | % |  | 26.5 | % |  |
Expected term (in years) | 6.02 |  | 5.99 |  |
Strike price | $ | 37.60 |  |  | $ | 50.03 |  |  |
Risk-free interest rate | 2.1 | % |  | 2.7 | % |  |
Expected dividend yield | 0.11 | % |  | 1.00 | % |  |
Weighted average estimated fair value | $ | 11.89 |  |  | $ | 13.78 |  |  |
The following is a summary of the significant assumptions used to calculate the fair value of the TSR component of the PSU awards granted during the periods indicated:
| 2025 |  | 2024 |  | 2023
Expected volatility of the Company's common stock | 27.54 | % |  | 27.76 | % |  | 30.43 | %
Average expected volatility of peer companies | 32.44 | % |  | 34.00 | % |  | 41.53 | %
Expected term (in years) | 2.87 |  | 2.86 |  | 2.85
Risk-free interest rate | 4.28 | % |  | 4.41 | % |  | 4.42 | %
Expected dividend yield | — | % |  | — | % |  | — | %
Average correlation coefficient of peer companies | 56.50 | % |  | 61.10 | % |  | 65.80 | %
Schedule of Compensation Cost Recognized and Related Income Tax Benefit for Stock Based Compensation Plans | The following table summarizes share-based compensation expense, which includes expenses related to awards granted under the Omnibus Plans and the 2024 Omnibus Plan for the periods indicated:
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
RSU awards | $ | 55 |  |  | $ | 60 |  |  | $ | 81 |
PSU awards | 18 |  |  | 39 |  |  | 48 |
Total share-based compensation expense | $ | 73 |  |  | $ | 99 |  |  | $ | 129 |
Income tax benefit | 16 |  |  | 25 |  |  | 31 |
After-tax share-based compensation expense | $ | 57 |  |  | $ | 74 |  | 1 | $ | 98 |
The following table summarizes the unrecognized compensation cost and expected remaining weighted-average period of expense recognition as of December 31, 2025:
| RSU Awards |  |  |  | PSU Awards |  |
Unrecognized compensation cost | $ | 30 |  |  |  |  | $ | 36 |  |  |
Expected remaining weighted-average period of expense recognition (in years) | 0.83 |  |  |  | 1.19 |  |
RSU and PSU Award Activity | The following table summarizes RSU and PSU awards activity under the Omnibus Plans and the 2024 Omnibus Plan for the periods indicated:
| RSU Awards |  |  |  | PSU Awards
(awards in millions) | Number of Awards |  | Weighted Average Grant Date Fair Value |  |  |  |  |  | Number of Awards |  | Weighted Average Grant Date Fair Value
Outstanding at January 1, 2025 | 1.9 |  |  | $ | 67.95 |  |  |  |  |  |  | 2.2 |  |  | $ | 63.48 |
Adjusted for PSU performance factor | — |  |  | — |  |  |  |  |  |  | (0.1) |  |  | 65.46 |
Granted | 0.9 |  |  | 73.75 |  |  |  |  |  |  | 0.6 |  |  | 78.82 |
Vested | (0.9) |  |  | 68.57 |  |  |  |  |  |  | (0.5) |  |  | 64.07 |
Forfeited | (0.1) |  |  | 70.75 |  |  |  |  |  |  | (0.3) |  |  | 65.87 |
Outstanding at December 31, 2025 | 1.8 |  |  | $ | 70.48 |  |  |  |  |  |  | 1.9 |  |  | $ | 71.43 |
Awards expected to vest as of December 31, 2025 | 1.8 |  |  | $ | 70.48 |  |  |  |  |  |  | 1.9 |  |  | $ | 71.43 |
Option Activity | The following table summarizes the number of options under the Omnibus Plans for the periods indicated:
| Stock Options
(awards in millions) | Number of Awards |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value
Outstanding as of January 1, 2025 | 0.8 |  |  | $ | 45.71 |  |  | 2.7 |  | $ | 19 |
Granted | — |  |  | — |  |  |  |  |
Exercised | (0.3) |  |  | 39.53 |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Outstanding as of December 31, 2025 | 0.5 |  |  | $ | 50.03 |  |  | 3.1 |  | $ | 12 |
Vested, exercisable, as of December 31, 2025 | 0.5 |  |  | 50.03 |  |  | 3.1 |  | 12 |

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- 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
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