v3.25.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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)
286 65.23 
Vested (b)
(77)154.79 
Forfeited(40)108.88 
Outstanding and expected to vest as of September 30, 2025 (c)
475 $97.36 1.2$76 
Performance-based RSUs
Outstanding as of January 1, 2025315 $159.62 
Granted (a)
433 64.10 
Vested (b)
(63)192.76 
Forfeited(128)132.20 
Outstanding as of September 30, 2025
557 $87.91 1.6$89 
Outstanding and expected to vest as of September 30, 2025 (c)
192 $67.97 1.6$31 
__________
(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 nine months ended September 30, 2024 was $111.39 and $112.44, respectively.
(b)The total fair value of time- and performance-based RSUs vested during the nine months ended September 30, 2025 and 2024 was $24 million and $32 million, respectively.
(c)Aggregate unrecognized compensation expense related to time- and performance-based RSUs amounted to $35 million and will be recognized over a weighted average vesting period of 1.3 years.