v3.25.4
Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Stock Option Awards Outstanding Stock option awards outstanding as of December 31, 2025 and 2024, and changes during the year ended December 31, 2025, were as follows:

 

 

Shares Under Option (thousands)

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term (years)

 

 

Aggregated Intrinsic Value (millions)

 

Outstanding at December 31, 2024

 

 

312

 

 

$

18.22

 

 

 

3.2

 

 

$

13.9

 

Exercised

 

 

(94

)

 

 

20.32

 

 

 

 

 

 

3.1

 

Outstanding at December 31, 2025

 

 

218

 

 

$

17.31

 

 

 

2.4

 

 

$

6.4

 

Vested and exercisable at December 31, 2025

 

 

218

 

 

$

17.31

 

 

 

2.4

 

 

$

6.4

 

 

Summary of Nonvested Restricted Stock Unit Awards RSUs outstanding as of December 31, 2025 and 2024, and changes during the year ended December 31, 2025, were as follows:

 

 

Shares (thousands)

 

 

Weighted-Average Grant Date Fair Value

 

Nonvested at December 31, 2024

 

 

621

 

 

$

47.62

 

Granted

 

 

339

 

 

 

48.31

 

Vested

 

 

(271

)

 

 

45.67

 

Forfeited

 

 

(35

)

 

 

51.44

 

Nonvested at December 31, 2025

 

 

654

 

 

$

48.58

 

Summary of Nonvested Performance Share Units PSUs outstanding as of December 31, 2025 and 2024, and changes during the year ended December 31, 2025, were as follows:

 

 

Shares (thousands)

 

 

Weighted-Average Grant Date Fair Value

 

Nonvested at December 31, 2024

 

 

753

 

 

$

47.20

 

Granted

 

 

387

 

 

 

46.48

 

Vested

 

 

(335

)

 

 

30.84

 

Forfeited

 

 

(20

)

 

 

30.84

 

Nonvested at December 31, 2025

 

 

785

 

 

$

54.24

 

Schedule of Performance Period of Shares Award

Year Granted

 

Performance / Service Period

 

Estimated or Actual Attainment

 

PSUs Outstanding as of December 31, 2025
(thousands)

 

 

Estimated PSU Attainment or Actual PSUs Earned
(thousands)

 

2025 (a)

 

2025

 

61% (c) (f)

 

 

30

 

 

 

18

 

2025 (a)

 

2026

 

(d)

 

 

30

 

 

 

 

2025 (a)

 

2027

 

(d)

 

 

30

 

 

 

 

2025 (a)

 

2025-2027

 

100% (e) (f)

 

 

60

 

 

 

60

 

2025 (a)

 

2025-2027

 

100% (e) (f)

 

 

150

 

 

 

150

 

 

 

 

 

 

 

 

300

 

 

 

228

 

 

 

 

 

 

 

 

 

 

 

 

2024 (a)

 

2024

 

66% (c) (f)

 

 

23

 

 

 

15

 

2024 (a)

 

2025

 

0% (c) (f)

 

 

23

 

 

 

 

2024 (a)

 

2026

 

(d)

 

 

23

 

 

 

 

2024 (a)

 

2024-2026

 

0% (f) (g)

 

 

45

 

 

 

 

2024 (a)

 

2024-2026

 

200% (f) (g)

 

 

112

 

 

 

224

 

 

 

 

 

 

 

 

226

 

 

 

239

 

 

 

 

 

 

 

 

 

 

 

 

2023 (b)

 

2023

 

140% (c)

 

 

66

 

 

 

92

 

2023 (b)

 

2024

 

94% (c)

 

 

64

 

 

 

60

 

2023 (b)

 

2025

 

141% (c)

 

 

64

 

 

 

90

 

2023 (b)

 

2023-2025

 

132% (c)

 

 

65

 

 

 

86

 

 

 

 

 

 

 

 

259

 

 

 

328

 

 

(a)
The 2024/2025 PSUs contain five performance periods, including three annual performance periods and two three-year cumulative performance periods.
(b)
The PSU awards granted in 2023 consist of four performance periods, including three annual performance periods and one three-year cumulative performance period.
(c)
Amounts represent actual attainment and actual PSUs earned as the performance period is complete.
(d)
As the performance period has not yet commenced, expense is not being recognized.
(e)
Expense for the cumulative performance/service period is recognized at 100% of the estimated attainment until the attainment expected by the end of the cumulative three-year performance period can be estimated, which generally occurs at the end of the second service year.
(f)
Attainment percentage does not include the TSR modifier that is determined at the end of the three-year cumulative performance period and applied to PSUs that are earned based on the achievement of the service and performance conditions.
(g)
Amounts represent estimated attainment and estimated PSUs.