v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions Used The weighted average assumptions used in the Monte Carlo simulation model to calculate the fair value of the Company’s stock unit awards are outlined in the table below.
Six Months Ended June 30, 2026
Expected volatility of stock price20.4 %
Risk-free interest rate3.68 %
Valuation period3 years
Dividend yield— %
Schedule of Stock Based Compensation Activity
The activity related to stock units consisted of (in thousands of shares):
Number of SharesWeighted
Average
Grant Date
Fair Value		Weighted Average Remaining Contractual Term (years)Aggregate Intrinsic Value
(in millions)
Time-based RSUs
Outstanding as of January 1, 2026
419 $88.53 
Granted (a)
157 101.88 
Vested (b)
(162)90.64 
Forfeited(27)84.81 
Outstanding and expected to vest as of June 30, 2026 (c)
387 $93.31 1.3$57 
Performance-based and market-based RSUs
Outstanding as of January 1, 2026556 $87.91 
Granted (a)
187 122.36 
Vested— — 
Forfeited(219)112.51 
Outstanding as of June 30, 2026
524 $89.94 1.8$77 
Outstanding and expected to vest as of June 30, 2026 (c)
124 $122.36 1.8$18 
__________
(a)Reflects the maximum number of stock units assuming achievement of all time-, performance- and market-vesting criteria and does not include those for non-employee directors. The weighted-average fair value of time- and performance-based RSUs granted during the six months ended June 30, 2025 was $62.67 and $62.64, respectively.
(b)The total fair value of time-based RSUs vested during the six months ended June 30, 2026 was $15 million and the total fair value of time- and performance-based RSUs vested during the six months ended June 30, 2025 was $23 million.
(c)Aggregate unrecognized compensation expense related to time-, performance- and market-based RSUs amounted to $40 million and will be recognized over a weighted average vesting period of 1.4 years.