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Stock-Based Compensation Plans | 6 Months Ended
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Jun. 30, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Stock-Based Compensation Plans | STOCK-BASED COMPENSATION PLANS
Restricted Stock Units |  | Number of Restricted Stock Units |  | Weighted Average Grant-Date Fair Value Per Share
Outstanding as of December 31, 2025 |  | 697,623 |  |  | $ | 443.27 |
Granted |  | 60,801 |  |  | 506.98
Settled |  | (43,267) |  |  | 487.41
Forfeited |  | (144,543) |  |  | 476.00
Outstanding as of June 30, 2026 |  | 570,614 |  |  | $ | 438.42 |
The forfeitures of unvested restricted stock units were primarily due to the retirements of executive officers during the first six months of 2026. Stock-based compensation expense consists of the following:
(In millions) |  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Restricted stock units |  | $ | 8.7 |  |  | $ | 11.3 |  |  | $ | 19.5 |  |  | $ | 21.9 |
Stock options |  | — |  |  | 1.4 |  |  | 0.5 |  |  | 3.7 |
Total |  | $ | 8.7 |  |  | $ | 12.7 |  |  | $ | 20.0 |  |  | $ | 25.6 |
Under our Amended and Restated Incentive Compensation Plan, we may grant stock-based awards — including restricted stock, restricted stock units, and stock options — to team members, officers, directors, and contractors. Rather than providing annual rolling equity awards to our executive officers and senior leaders, we use a multi-year compensation program that grants a one-time equity award at the beginning of the compensation program period that is intended to incentivize recipients over the multi-year compensation period. Our current compensation program for executive officers and senior leaders consists primarily of one-time equity awards with a 10-year vesting period. Based on the stock-based awards that are currently outstanding, we expect to recognize future stock-based compensation expense as follows:
(In millions) |  |  |  |  |  |
Year |  | Total Projected Stock-Based Compensation Expense |  |  |  |
Remainder of 2026 |  | $ | 18.9 |  |  |  |  |
2027 |  | 32.3 |  |  |  |  |
2028 |  | 26.9 |  |  |  |  |
2029 |  | 21.9 |  |  |  |  |
2030 |  | 20.1 |  |  |  |  |
Thereafter |  | 79.9 |  |  |  |  |
Total |  | $ | 200.0 |  |  |  |  |

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