Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Activity and Pricing Information for Nonvested Shares in Long-Term Incentive Compensation Program |
The following table summarizes activity and pricing information for the nonvested shares in the Program for the year ended December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Vesting Contingent on
Service Conditions | | Vesting Contingent on
Performance and Service
Conditions - Payable in Stock | | Vesting Contingent on
Performance and Service
Conditions - Payable in Cash | | | Number of
Nonvested
Shares | Weighted-
Average
Grant-Date
Fair Value | | Number of
Nonvested
Shares | Weighted-
Average
Grant-Date
Fair Value | | Number of
Nonvested
Shares | Weighted-
Average
Grant-Date
Fair Value | | Outstanding at December 31, 2024 | 14,995,501 | | $ | 17.66 | | | 1,440,087 | | $ | 15.42 | | | 5,420,941 | | $ | 19.70 | | | Granted | 7,306,761 | | 17.72 | | | 68,991 | | 15.42 | | | 1,575,553 | | 20.82 | | | Vested | (5,552,419) | | 18.82 | | | — | | — | | | (36,078) | | 19.02 | | Forfeited(a) | (461,624) | | 17.53 | | | — | | — | | | (3,682,521) | | 18.52 | | | Outstanding at December 31, 2025 | 16,288,219 | | $ | 17.27 | | | 1,509,078 | | $ | 15.42 | | | 3,277,895 | | $ | 20.99 | | | | | | | | | | |
(a)Includes awards that did not vest
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| Schedule of Assumptions Used in Options Pricing Model |
The assumptions pertaining to options issued during 2025, 2024, and 2023 are shown in the following table. | | | | | | | | | | | | | Year ended December 31, | 2025 | 2024 | 2023 | | Average option life | 7.0 years | 7.0 years | 6.7 years | | Future dividend yield | 4.55 | % | 5.75 | % | 4.28 | % | | Historical share price volatility | .410 | | .422 | | .347 | | | Weighted-average risk-free interest rate | 4.5 | % | 4.2 | % | 3.9 | % |
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| Schedule of Activity, Pricing and Other Information for Stock Options |
The following table summarizes activity, pricing and other information for our stock options for the year ended December 31, 2025: | | | | | | | | | | | | | | | | Number of
Options | Weighted-Average
Exercise Price Per
Option | Weighted-Average
Remaining Life (in years) | Aggregate Intrinsic Value(a) | | Outstanding at December 31, 2024 | 4,378,773 | | $ | 18.73 | | 4.6 | $ | 5 | | | Granted | 427,986 | | 19.49 | | | | | Exercised | (655,461) | | 12.99 | | | | | Lapsed or canceled | (281,661) | | 19.75 | | | | | Outstanding at December 31, 2025 | 3,869,637 | | $ | 19.71 | | 5.1 | $ | 7 | | | | | | | | Expected to vest | 1,157,330 | | 19.14 | | 7.9 | 3 | | | Exercisable at December 31, 2025 | 2,672,495 | | $ | 19.98 | | 3.8 | $ | 4 | |
(a)The intrinsic value of a stock option is the amount by which the fair value of the underlying stock exceeds the exercise price of the option.
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| Schedule of Activity and Pricing Information for Nonvested Shares Granted Under Deferred Compensation Plans and Other Restricted Stock Awards |
The following table summarizes activity and pricing information for the nonvested shares granted under our deferred compensation plans and these other restricted stock or unit award programs for the year ended December 31, 2025. | | | | | | | | | | Number of
Nonvested
Shares | Weighted-Average
Grant-Date
Fair Value | | Outstanding at December 31, 2024 | 2,296,263 | | $ | 16.28 | | | Granted | 575,556 | | 16.61 | | | | | | Vested | (854,963) | | 18.29 | | | Forfeited | (40,228) | | 14.05 | | | Outstanding at December 31, 2025 | 1,976,628 | | $ | 15.50 | | | | |
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