v3.26.1
Share-Based Compensation Plans (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of the changes in outstanding stock options
The following is a summary of the changes in outstanding stock options for the six months ended June 30, 2026:
Share units
(in thousands)
Weighted
Average
Exercise
Price / Share		Weighted Average
Remaining
Contractual
Term (Years)
Aggregate Intrinsic Value
(in millions)
Outstanding at January 1, 20261,142 $95.75 6.4$46 
Granted287 128.24 
Exercised(31)77.93 
Forfeited and expired(23)128.77 
Other(1)129.67 
Outstanding at June 30, 20261,374 $102.37 6.6$28 
Options exercisable at June 30, 2026869 $86.95 5.0$28 
Vested and expected to vest as of June 30, 20261,307 $101.02 6.4$28 
Stock option valuation assumptions The following are weighted-average assumptions for 2026 grants:
Volatility27.10 %
Risk-free interest rate3.68 %
Dividend yield1.33 %
Expected term (in years)5.6
Weighted-average fair value / share$36.19 
Summary of restricted stock activity
The following is a summary of restricted stock unit activity for the six months ended June 30, 2026. The fair value of the restricted share unit awards is determined using the closing price of our common stock on date of grant:
Share units
(in thousands)
Weighted
Average
Grant Date
Fair Value / Share
Outstanding at January 1, 2026506 $123.27 
Granted289 127.60 
Vested(239)$118.75 
Forfeited(20)129.37 
Other(4)123.24
Outstanding at June 30, 2026532 $127.41 
Performance Share Unit Grants
Summary of performance based share grants
The following is a summary of our adjusted EBITDA grants for the six months ended June 30, 2026:
Share units
 (in thousands)
Weighted
Average
Grant Date
Fair Value / Share
Outstanding at January 1, 202647 $113.89 
Adjustment for Performance Condition Achieved (a)18 100.50 
Vested(42)100.50 
Forfeited(2)125.86 
Outstanding at June 30, 202621 $127.94 
(a) Represents an increase in the number of original EBITDA performance share units awarded based on the final market condition achievement at the end of the performance period of such awards.
The following is a summary of our Total Shareholder Return ("TSR") performance share unit grants for the six months ended June 30, 2026:
Share units
(in thousands)
Weighted
Average
Grant Date
Fair Value / Share
Outstanding at January 1, 2026146 $157.41 
Granted63 108.88 
Adjustment for Market Condition Achieved (a)3 109.04 
Vested(51)109.04 
Forfeited(7)169.22 
Outstanding at June 30, 2026154 $152.08 
(a) Represents a decrease in the number of original TSR performance share units awarded based on the final market condition achievement at the end of the performance period of such awards.
Performance-based shares valuation assumptions The following are weighted-average assumptions for 2026 grants:
Volatility22.90 %
Risk-free interest rate3.49 %
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option
The following is a summary of our Revenue performance share unit grants for the six months ended June 30, 2026:
Share units
 (in thousands)
Weighted
Average
Grant Date
Fair Value / Share
Outstanding at January 1, 202647 $113.89 
Adjustment for Performance Condition Achieved (a)5 100.50 
Vested(29)100.50 
Forfeited(1)125.86 
Outstanding at June 30, 202622 $127.94 
(a) Represents an increase in the number of original revenue performance share units awarded based on the final market condition achievement at the end of the performance period of such awards.
EPS Performance Share Unit Grants
The fair value of the earnings per share ("EPS") performance share unit awards is determined using the closing price of our common stock on date of grant.
The following is a summary of our EPS performance share unit grants for the six months ended June 30, 2026:
Share units
 (in thousands)
Weighted
Average
Grant Date
Fair Value / Share
Outstanding at January 1, 202652 $129.82 
Granted63 131.26 
Forfeited(4)130.22 
Outstanding at June 30, 2026111 $130.62