v3.26.1
Share-Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
The Company recognized $117 million and $91 million of share-based compensation expense during the three months ended June 30, 2026 and 2025, respectively, and $235 million and $215 million of share-based compensation expense during the six months ended June 30, 2026 and 2025, respectively. The Company’s share-based compensation awards are typically granted in the first quarter of the year; however, grants may also occur throughout the year. Time-based restricted stock units generally vest over a three-year period. In December 2025, the Company granted retention restricted stock units to certain employees, which fully vest after an 18-month period. At June 30, 2026, the total remaining unrecognized compensation cost for restricted stock units and performance share units, net of estimated forfeitures, of $515 million is expected to be recognized over a weighted-average period of 1.9 years.
A summary of restricted stock unit and performance share unit activity during the six months ended June 30, 2026 is as follows:
Restricted Stock Units
Performance Share Units
Shares
(In thousands)
Weighted-Average Grant Date Fair ValueShares
(In thousands)
Weighted-Average Grant Date Fair Value
Units - December 31, 2025
3,890 $156.58 2,251 $138.57 
Granted7,922 63.97 1,177 66.68 
Forfeited(628)91.11 (815)130.16 
Vested(1,866)146.93 (158)161.01 
Units - June 30, 2026
9,318 $83.98 2,455 $105.03 
A summary of stock option activity during the six months ended June 30, 2026 is as follows:
Shares
(In thousands)
Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (In millions)
Stock options outstanding - December 31, 2025759 $90.84 
Forfeited(8)88.13 
Exercised(79)46.29 
Stock options outstanding - June 30, 2026672 $96.11 3.11$— 
Stock options exercisable - June 30, 2026672 $96.11 3.11$—