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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Costs Associated with Share-Based Compensation Plans

The following table summarizes the costs associated with the Company’s share-based compensation plans:

 

 

Three Months Ended
March 31,

 

(in millions)

 

2025

 

 

2024

 

Expense:

 

 

 

 

 

 

RSUs

 

$

25.4

 

 

$

18.9

 

PRSUs

 

 

3.0

 

 

 

2.4

 

Employee stock purchase plan

 

 

2.2

 

 

 

2.1

 

 

$

30.6

 

 

$

23.4

 

Summary of RSU and PSRU Activity

The following table summarizes RSU and PRSU activity for the three months ended March 31, 2025:

 

(in millions, except weighted-average grant-date fair value)

 

Shares

 

 

Weighted-average
grant-date
fair value

 

Unvested at December 31, 2024

 

 

1.2

 

 

$

62.37

 

Granted during 2025

 

 

1.0

 

 

$

65.32

 

Vested during 2025

 

 

(0.7

)

 

$

63.36

 

Unvested at March 31, 2025

 

 

1.5

 

 

$

63.92