v3.26.1
Stock-based Compensation Expense and Share Repurchase Programs (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense by Line Item During the three and six months ended June 30, 2026 and 2025, we recognized the following stock-based compensation
expense:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
(in millions)
Stock-based compensation expense by type of award:
Restricted stock units (including PSUs)
$165.9
$162.9
$332.4
$326.3
ESPP share issuances
5.8
7.1
9.2
12.7
Stock options
2.2
1.2
2.2
1.2
Stock-based compensation expense related to inventories
(3.7)
(3.9)
(7.2)
(6.8)
Total stock-based compensation expense included in “Total costs and
expenses”
$170.2
$167.3
$336.6
$333.4
Stock-based compensation expense by line item:
Cost of sales
$3.8
$2.5
$7.0
$5.1
Research and development expenses
104.4
99.6
206.1
199.7
Selling, general and administrative expenses
62.0
65.2
123.5
128.6
Total stock-based compensation expense included in “Total costs and
expenses”
170.2
167.3
336.6
333.4
Income tax effect
(35.3)
(36.5)
(70.6)
(111.7)
Total stock-based compensation expense, net of tax
$134.9
$130.8
$266.0
$221.7