v3.25.4
Share-Based Payments (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement, Additional Disclosure [Abstract]  
Schedule of Weighted-Average Assumptions Used in the Valuation of Stock Option Awards The following table presents the weighted-average assumptions used in the valuation and the resulting weighted-average fair value per Option granted for the years ended December 31:
202520242023
Risk-free rate of return4.1 %4.2 %4.2 %
Expected term (in years)6.006.006.00
Expected volatility27.4 %28.7 %29.5 %
Expected dividend yield0.5 %0.6 %0.6 %
Weighted-average fair value per Option granted$192.87 $164.66 $123.22 
Summary of Stock Option Activity
The following table summarizes the Company’s Option activity for the year ended December 31, 2025:
OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual TermAggregate Intrinsic Value
(in millions)(in years)(in millions)
Outstanding at January 1, 20252.1 $273 
Granted0.2 $574 
Exercised(0.5)$196 
Forfeited— $453 
Outstanding at December 31, 20251.8 $325 5.2$432 
Exercisable at December 31, 20251.4 $274 4.2$403 
Options vested and expected to vest at December 31, 20251.8 $325 5.2$432 
Summary of Restricted Stock Unit Activity
The following table summarizes the Company’s RSU activity for the year ended December 31, 2025:
UnitsWeighted-Average Grant-Date Fair ValueAggregate Intrinsic Value
(in millions)(in millions)
Outstanding at January 1, 20252.1 $403 
Granted1.0 $566 
Converted(1.1)$385 
Forfeited(0.1)$470 
Outstanding at December 31, 20251.9 $498 $1,070 
RSUs expected to vest at December 31, 20251.8 $498 $1,032 
Summary of Performance Stock Unit Activity
The following table summarizes the Company’s PSU activity for the year ended December 31, 2025:
UnitsWeighted-Average
Grant-Date Fair Value		Aggregate Intrinsic Value
(in millions)(in millions)
Outstanding at January 1, 20250.6 $396 
Granted0.2 $608 
Converted(0.2)$335 
Other— $364 
Outstanding at December 31, 20250.6 $472 $335 
PSUs expected to vest at December 31, 20250.6 $472 $331 
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The following table includes additional share-based payment information for each of the years ended December 31:
202520242023
(in millions, except weighted-average fair value)
Share-based compensation expense
$597 $526 $460 
Income tax benefit recognized for equity awards128 111 99 
Income tax benefit realized related to Options exercised26 77 95 
Options
Total intrinsic value of Options exercised180 354 487 
RSUs
Weighted-average grant-date fair value of awards granted 566 472 350 
Total grant-date fair value of awards vested421 340 235 
Total intrinsic value of RSUs converted into shares of Class A common stock622 477 253 
PSUs
Weighted-average grant-date fair value of awards granted608 512 365 
Total grant-date fair value of awards vested79 99 12 
Total intrinsic value of PSUs converted into shares of Class A common stock135 122 14