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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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
June 30,

 

 

Six Months Ended
June 30,

 

(in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Expense:

 

 

 

 

 

 

 

 

 

 

 

 

RSUs

 

$

13.8

 

 

$

6.9

 

 

$

39.2

 

 

$

25.8

 

PRSUs

 

 

2.0

 

 

 

1.1

 

 

 

5.0

 

 

 

3.5

 

Employee stock purchase plan

 

 

1.4

 

 

 

1.4

 

 

 

3.6

 

 

 

3.5

 

 

$

17.2

 

 

$

9.4

 

 

$

47.8

 

 

$

32.8

 

Summary of RSU and PSRU Activity

The following table summarizes RSU and PRSU activity for the six months ended June 30, 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

 

 

1.1

 

 

$

65.25

 

Vested during 2025

 

 

(0.9

)

 

$

63.23

 

Forfeited during 2025

 

 

(0.1

)

 

$

75.11

 

Unvested at June 30, 2025

 

 

1.3

 

 

$

63.51