Share-Based Compensation |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Compensation | Share-Based Compensation Total share-based compensation expense was $63 million and $117 million for the three and six months ended June 30, 2025, respectively and $66 million and $126 million for the three and six months ended 2024, respectively. The income tax benefit realized from share-based compensation for the three and six months ended June 30, 2025 was $9 million and $17 million, respectively. The prior period amounts were not material. Incentive Stock Plans Time-Based Restricted Stock and Restricted Stock Units The following table summarizes the changes in non-vested time-based restricted stock and restricted stock units for the six months ended June 30, 2025:
Performance-Based Restricted Stock Units The following table summarizes the changes in non-vested performance-based restricted stock units for the six months ended June 30, 2025:
Stock Options During the six months ended June 30, 2025, 543 thousand options were exercised and 7 thousand options were forfeited and expired with a weighted-average exercise price of $22.98 and $22.01, respectively. As of June 30, 2025, 3.7 million options were outstanding, vested and exercisable, with a weighted-average exercise price of $24.36, weighted average remaining contractual term of 3.8 years and aggregate intrinsic value of $104 million. As of December 31, 2024, 4.2 million options were outstanding, vested and exercisable, with a weighted-average exercise price of $24.18.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||