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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense
The total recognized and unrecognized stock-based compensation expense is as follows:
Year Ended December 31,Unrecognized Stock-Based Compensation Expense
(In millions)202520242023December 31, 2025
Performance based share units$14 $11 $$19 
Restricted stock units33 31 27 25 
  Total stock-based compensation expense$47 $42 $36 $44 
Summary of employee activity for PSUs
A summary of PSU activity is provided below: PSUsWeighted Average Grant Date Fair Value
(In thousands)
Non-vested as of December 31, 2022
172 $128.28 
Granted131 230.65 
Vested(137)84.52 
Forfeited (7)185.07 
Non-vested as of December 31, 2023
159 184.67 
Granted98 140.39 
Vested(47)148.85 
Forfeited (2)175.48 
Non-vested as of December 31, 2024
208 171.36 
Granted153 121.02 
Vested(53)162.71 
Forfeited(9)142.58 
Non-vested as of December 31, 2025
299 $148.05 
Schedule of valuation assumptions to estimate fair value of PSUs eighted average assumptions used to estimate the fair value of PSUs granted during the years ended as of December 31, 2025 and 2024 are as follows:
Year Ended December 31,
20252024
Expected volatility37.33 %41.71 %
Risk-free rate3.95 %4.27 %
Summary of employee activity for RSUs
RSUsWeighted Average Grant Date Fair Value
(In thousands)
Unissued shares as of December 31, 2022
355 $113.41 
Granted
236 157.81 
Vested
(161)107.89 
Forfeited
(45)136.95 
Unissued shares as of December 31, 2023
385 139.35 
  Granted331 108.92 
Vested
(178)134.06 
Forfeited
(45)126.62 
Unissued shares as of December 31, 2024
493 121.26 
  Granted442 87.91 
  Vested(224)123.08 
  Forfeited(54)102.31 
Unissued shares as of December 31, 2025
657 $99.74 
Summary of employee activity for stock options and SARs
A summary of Stock Options activity is provided below:
Stock OptionsWeighted Average
Exercise Price
(In thousands)
December 31, 2022261 $87.62 
Exercised
(71)91.44 
December 31, 2023190 86.21 
Exercised
(2)66.98 
December 31, 2024188 86.42 
  Exercised(36)72.52 
  Cancelled(48)124.34 
December 31, 2025104 $73.63 
Exercisable at December 31, 2025
104 $73.63 

Stock Options
Exercise PriceNumber OutstandingWeighted
Average
Remaining Life
Weighted
Average
Exercise Price
(In thousands)(In years)
$60.01 - $80.00
55 1.3$66.98 
$80.01 - $100.00
49 0.3$80.97 
104