XML 54 R31.htm IDEA: XBRL DOCUMENT v3.25.0.1
Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity A summary of stock option activity is as follows:

 

 

 

Shares (000)

 

 

Wtd. Avg.
Exercise Price
Per Share

 

 

Wtd. Avg.
 Remaining
 Contractual
Term (years)

 

 

Aggregate
Intrinsic Value
(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, January 1, 2022

 

 

852

 

 

$

90

 

 

 

 

 

 

 

Granted

 

 

 

 

N/A

 

 

 

 

 

 

 

Exercised

 

 

 

 

N/A

 

 

 

 

 

 

 

Expired or cancelled

 

 

 

 

N/A

 

 

 

 

 

 

 

Outstanding, December 31, 2022

 

 

852

 

 

$

90

 

 

 

5.1

 

 

$

2

 

Exercisable, December 31, 2022

 

 

639

 

 

$

90

 

 

 

4.4

 

 

$

2

 

Outstanding, January 1, 2023

 

 

852

 

 

$

90

 

 

 

 

 

 

 

Granted

 

 

 

 

N/A

 

 

 

 

 

 

 

Exercised

 

 

(23

)

 

 

76

 

 

 

 

 

 

 

Expired or cancelled

 

 

(19

)

 

 

109

 

 

 

 

 

 

 

Outstanding, December 31, 2023

 

 

810

 

 

$

90

 

 

 

4.4

 

 

$

1

 

Exercisable, December 31, 2023

 

 

706

 

 

$

90

 

 

 

4.1

 

 

$

1

 

Outstanding, January 1, 2024

 

 

810

 

 

$

90

 

 

 

 

 

 

 

Granted

 

 

 

 

N/A

 

 

 

 

 

 

 

Exercised

 

 

 

 

N/A

 

 

 

 

 

 

 

Expired or cancelled

 

 

(48

)

 

 

80

 

 

 

 

 

 

 

Outstanding, December 31, 2024

 

 

762

 

 

$

91

 

 

 

3.7

 

 

$

 

Exercisable, December 31, 2024

 

 

730

 

 

$

91

 

 

 

3.5

 

 

$

 

 

Schedule of Options Outstanding and Exercisable

Options outstanding and exercisable as of December 31, 2024 were as follows:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise Price

 

Shares (000)

 

 

Weighted-
Average
 Remaining
 Contractual
Life (years)

 

 

Weighted-
Average
Exercise
Price

 

 

Shares (000)

 

 

Weighted-
Average
Exercise
Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$75-$80

 

 

155

 

 

 

0.8

 

 

$

76

 

 

 

155

 

 

$

76

 

$81-$89

 

 

153

 

 

 

4.2

 

 

 

84

 

 

 

153

 

 

 

84

 

$90-$95

 

 

286

 

 

 

5.6

 

 

 

93

 

 

 

254

 

 

 

93

 

$96-$123

 

 

168

 

 

 

5.6

 

 

 

109

 

 

 

168

 

 

 

109

 

 

 

762

 

 

 

3.7

 

 

$

91

 

 

 

730

 

 

$

91

 

Summary of Restricted Stock Activity

A summary of restricted stock and restricted stock unit activity is as follows:

 

 

 

Shares (000)

 

 

Wtd. Avg.
Price Per
Share

 

 

Wtd. Avg.
Remaining
Contractual
Term (years)

 

 

Aggregate
Intrinsic
Value
(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested, January 1, 2022

 

 

545

 

 

$

85

 

 

 

1.3

 

 

 

 

Granted

 

 

245

 

 

 

104

 

 

 

 

 

 

 

Vested

 

 

(177

)

 

 

80

 

 

 

 

 

 

 

Forfeited

 

 

(25

)

 

 

88

 

 

 

 

 

 

 

Unvested, December 31, 2022

 

 

588

 

 

$

94

 

 

 

1.4

 

 

 

 

Granted

 

 

261

 

 

 

82

 

 

 

 

 

 

 

Vested

 

 

(177

)

 

 

87

 

 

 

 

 

 

 

Forfeited

 

 

(44

)

 

 

90

 

 

 

 

 

 

 

Unvested, December 31, 2023

 

 

628

 

 

$

91

 

 

 

1.4

 

 

 

 

Granted

 

 

343

 

 

 

64

 

 

 

 

 

 

 

Vested

 

 

(180

)

 

 

86

 

 

 

 

 

 

 

Forfeited

 

 

(38

)

 

 

83

 

 

 

 

 

 

 

Unvested, December 31, 2024

 

 

753

 

 

$

80

 

 

 

1.4

 

 

$

43

 

Performance Share Units

A summary of the performance share units detail by grant year is as follows:

 

 

 

2021
(Regular)

 

 

2021
(Additional)

 

 

2022
(Regular)

 

 

2022
(Experis)

 

 

2023

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant Date(s)

 

February 12,
2021

 

 

February 12,
2021

 

 

February 11,
2022

 

 

February 11,
2022

 

 

February 17,
2023

 

 

February 16,
2024

 

Performance Period (years)

 

2021

 

 

2021-2022

 

 

2022-2024

 

 

2022-2024

 

 

2023-2025

 

 

2024-2026

 

Vesting Date(1)

 

February 2024

 

 

February 2023

 

 

February 2025

 

 

February 2025

 

 

February 2026

 

 

February 2027

 

Payout Levels (in units):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Threshold Award

 

 

61,076

 

 

 

39,882

 

 

 

 

 

 

 

 

 

 

 

 

 

Target Award

 

 

122,152

 

 

 

79,763

 

 

 

106,116

 

 

 

28,275

 

 

 

132,537

 

 

 

179,099

 

Outstanding Award

 

 

244,304

 

 

 

159,526

 

 

 

212,232

 

 

 

84,826

 

 

 

265,074

 

 

 

358,198

 

Shares Issued in 2024

 

 

238,726

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

 

Shares Issued in 2023

 

N/A

 

 

 

159,526

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

 

Payout Achieved Over Performance
   Period

 

 

238,726

 

 

 

159,526

 

 

 

67,422

 

 

 

 

 

N/A

 

 

N/A

 

 

(1)
Awards are scheduled to vest after the Committee determines the achievement of the performance criteria.