v3.26.1
Stock Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Option Activity

The following table provides a summary of option activity:

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

Weighted

 

 

Remaining

 

 

 

 

 

 

 

 

Average

 

 

Contractual

 

 

Aggregate

 

 

 

 

 

Exercise Price

 

 

Term

 

 

Intrinsic

 

 

Options

 

 

(per share)

 

 

(in Years)

 

 

Value

 

Outstanding at December 31, 2025

 

8.8

 

 

$

81.83

 

 

 

 

 

 

 

Granted

 

0.9

 

 

 

103.52

 

 

 

 

 

 

 

Exercised

 

(0.4

)

 

 

62.08

 

 

 

 

 

 

 

Outstanding at June 30, 2026

 

9.3

 

 

$

84.63

 

 

 

5.7

 

 

$

135.7

 

Exercisable at June 30, 2026

 

6.4

 

 

$

75.83

 

 

 

4.4

 

 

$

135.2

 

Information Regarding Intrinsic Value of Stock Options Exercised and Stock Compensation Expense Related to Stock Option Awards

The following table provides information regarding the intrinsic value of stock options exercised and stock compensation expense related to stock option awards:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Intrinsic Value of Stock Options Exercised

$

6.8

 

 

$

4.4

 

 

$

16.4

 

 

$

20.7

 

Stock Compensation Expense Related to Stock Option Awards

$

4.2

 

 

$

4.9

 

 

$

13.4

 

 

$

18.0

 

Issued Stock Options

 

0.0

 

 

 

0.0

 

 

 

0.9

 

 

 

1.0

 

Weighted Average Fair Value of Stock Options issued (per share)

$

0.0

 

 

$

0.0

 

 

$

28.71

 

 

$

33.05

 

Fair Value of Stock Options Issued

$

0.0

 

 

$

0.0

 

 

$

24.9

 

 

$

34.2

 

Assumptions Used in Valuation of Issued Stock Options

The following table provides a summary of the assumptions used in the valuation of issued stock options:

 

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

 

June 30,

 

June 30,

 

2026

 

2025

 

2026

 

2025

Risk-free interest rate

N/A

 

N/A

 

3.8%

 

4.2%

Expected life in years

N/A

 

N/A

 

6.7

 

7.0

Expected volatility

N/A

 

N/A

 

22.5%

 

22.6%

Dividend yield

N/A

 

N/A

 

1.2%

 

1.1%

 

 

Schedule of RSU Activity

The following table provides a summary of RSU activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Average Grant

 

 

 

 

 

Date Fair Value

 

 

Shares

 

 

(per award)

 

Outstanding at December 31, 2025

 

0.3

 

 

$

100.40

 

Granted

 

0.2

 

 

 

94.47

 

Vested

 

(0.2

)

 

 

96.61

 

Outstanding at June 30, 2026

 

0.3

 

 

$

98.53

 

Schedule Of PSU Activity

The following table provides a summary of PSU activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Average Grant

 

 

 

 

 

Date Fair Value

 

 

Shares

 

 

(per award)

 

Outstanding at December 31, 2025

 

0.1

 

 

$

106.52

 

Granted

 

0.6

 

 

 

95.01

 

Outstanding at June 30, 2026

 

0.7

 

 

$

96.68