Stock-based Compensation Expense and Share Repurchase Programs (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense by Line Item

During the three months ended March 31, 2026 and 2025, we recognized the following stock-based compensation

expense:


	Three Months Ended March 31,
	2026		2025

(in millions)
Stock-based compensation expense by type of award:
Restricted stock units (including PSUs)	$166.5		$163.4
ESPP share issuances	3.4		5.6
Stock-based compensation expense related to inventories	(3.5)		(2.9)
Total stock-based compensation expense included in “Total costs and expenses”	$166.4		$166.1

Stock-based compensation expense by line item:
Cost of sales	$3.2		$2.6
Research and development expenses	101.7		100.1
Selling, general and administrative expenses	61.5		63.4
Total stock-based compensation expense included in “Total costs and expenses”	166.4		166.1
Income tax effect	(35.3)		(75.2)
Total stock-based compensation expense, net of tax	$131.1		$90.9