v3.25.4
Capital Stock (Tables)
12 Months Ended
Dec. 31, 2025
Capital Stock [Abstract]  
Schedule of Fair Value Assumptions
Option Value and Assumptions
2025
2024
2023
Weighted-average fair value per share
$141.40
$118.22
$83.59
Assumptions:
Risk-free interest rate
4.4%
4.3%
4.0%
Expected dividend yield
0.9%
1.1%
1.2%
Expected stock price volatility
29.1%
29.9%
29.0%
Expected option life (years)
6.4
6.3
6.2
Summary of Stock Option Activity
2025 Stock Option Activity
Shares
(in millions)
Weighted-
Average
Exercise 
Price
Weighted-
Average
Remaining
Term (in years)
Aggregate
Intrinsic
Value
Outstanding
January 1
10.8
$214.87
Granted
1.0
392.36
Exercised
(1.2)
158.83
Canceled or
forfeited
(0.2)
313.05
Outstanding
December 31
10.4
$234.56
5.0
$1,246.1
Exercisable
December 31
6.9
$195.53
3.7
$1,073.4
Options expected
to vest
3.3
$309.91
7.5
$166.7
Summary of RSU and PSU Activity
Restricted Stock Units (RSUs) and Performance Stock Units
(PSUs) Activity
Shares
(in millions)
Weighted-Average
Grant Date Fair Value
RSUs
PSUs
RSUs
PSUs
Nonvested on January 1
0.7
0.2
$290.58
$287.51
Granted
0.3
0.1
385.68
334.24
Vested
(0.3)
(0.1)
277.40
254.47
Canceled or forfeited
(0.1)
337.17
Nonvested on December 31
0.6
0.2
$344.25
$333.06