v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Activity
The activity related to stock units consisted of (in thousands of shares):
Number of SharesWeighted
Average
Grant Date
Fair Value
Weighted Average Remaining Contractual Term (years)Aggregate Intrinsic Value
(in millions)
Time-based RSUs
Outstanding as of January 1, 2025
306 $143.25 
Granted (a)
281 62.67 
Vested (b)
(71)155.36 
Forfeited(37)110.82 
Outstanding and expected to vest as of June 30, 2025 (c)
479 $96.70 1.4$81 
Performance-based RSUs
Outstanding as of January 1, 2025315 $159.62 
Granted (a)
428 62.64 
Vested (b)
(61)194.23 
Forfeited(124)133.44 
Outstanding as of June 30, 2025
558 $87.24 1.9$94 
Outstanding and expected to vest as of June 30, 2025 (c)
249 $70.14 1.9$42 
__________
(a)Reflects the maximum number of stock units assuming achievement of all time- and performance-vesting criteria and does not include those for non-employee directors. The weighted-average fair value of time- and performance-based RSUs granted during the six months ended June 30, 2024 was $113.10.
(b)The total fair value of time- and performance-based RSUs vested during the six months ended June 30, 2025 and 2024 was $23 million and $29 million, respectively.
(c)Aggregate unrecognized compensation expense related to time- and performance-based RSUs amounted to $44 million and will be recognized over a weighted average vesting period of 1.6 years.