XML 96 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1

STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of RSU and RSA Activity Under Equity-Based Plans

The following tables summarize RSU activity for the year ended December 31, 2024:

Time-based RSUs

			Total Number of RSUs									Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2023			1,229,202									$	80.88
Granted			591,514									121.65
Vested			(625,117)									86.72
Forfeited			(95,598)									94.66
Nonvested at December 31, 2024			1,100,001									$	97.21

			Year Ended December 31,
Additional Disclosures for equity-based plans			2024			2023			2022
Total grant date fair value of shares granted (in millions)			$	72		$	60		$	85
Total grant date fair value of shares vested (in millions)			$	54		$	47		$	42
Shares withheld to settle payroll tax liabilities related to vesting of shares held by employees			216,523			213,569			204,191

Performance-based RSUs

						Total Number Shares			Weighted-Average Grant Date Fair Value
Nonvested at December 31, 2023						223,011			$	81.08
Granted						138,882			124.48
Vested						(133,620)			81.98
Forfeited						(48,366)			97.18
Nonvested at December 31, 2024						179,907			$	106.50

Schedule of Additional Disclosures for Equity-Based Plans

			Year Ended December 31,
Additional Disclosures for equity-based plans			2024			2023			2022
Total grant date fair value of shares granted (in millions) (1)			$	17		$	14		$	20
Total grant date fair value of shares vested (in millions)			$	11		$	14		$	17
Shares withheld to settle payroll tax liabilities related to vesting of shares held by employees			64,290			74,923			119,901

(1)    Amount includes fair value of finalized additional grant related to the most recently ended performance period.

Schedule of Weighted-Average Assumptions Used to Estimate Fair Value of Stock Options

In applying the Black Scholes option valuation model for the ESPP options, we use the following assumptions:

			Year Ended December 31,
(in millions)			2024			2023			2022
Expected Term (in Years)			0.5			0.5			0.5
Expected Volatility			28-37%			29-35%			21-39%
Risk-Free Interest Rate			4.4-5.4%			5.3-5.4%			0.7-4.5%
Expected Dividend Yield			1		%	0		%	0		%
Shares Issued under ESPP			148,157			175,446			158,134

Schedule of Stock-based Compensation Expense

Stock based compensation expense and other disclosures for stock based awards made to our employees pursuant to the equity plans were as follows: 

			Year Ended December 31,
(in millions)			2024			2023			2022
Cost of providing services			$	16		$	14		$	13
Sales and marketing			12			8			7
General and administrative			31			33			38
Systems development and programming costs			6			4			4
Total stock based compensation expense			$	65		$	59		$	62
Total stock based compensation capitalized			$	3		$	3		$	1
Income tax benefit related to stock based compensation expense			$	14		$	13		$	13
Tax benefit realized			$	15		$	19		$	14

The table below summarizes unrecognized compensation expense for the year ended December 31, 2024 associated with the following:

			Amount (in millions)			Weighted-Average Period (in Years)
Nonvested time based RSUs			$	96		2.31
Nonvested performance based RSUs			3			1.67

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ShareBasedCompensationPerformanceSharesAwardOutstandingActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration