v3.26.3
EQUITY-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of RSU and RSA activity A summary of the RSU and RSA activity for 2025 is as follows:
(Restricted stock units and awards in millions)Number of restricted
stock units and awards		Weighted-average fair
value per unit and award
Non-vested at January 10.7 $202.76 
Granted0.3 305.76 
Vested(0.4)210.02 
Forfeited— 275.66 
Non-vested at December 310.6 $244.44 
Schedule of Information Related to RSUs and RSAs
Information related to RSUs and RSAs is as follows:
(In millions)202520242023
Pre-tax expense for RSUs and RSAs$84 $74 $65 
After-tax expense for RSUs and RSAs65 58 51 
Fair value of vested RSUs and RSAs 107 126 84 
Schedule of Assumptions Used in Determining Fair Value of PSUs A summary of the assumptions used in determining fair value of these PSUs is as follows:
202520242023
Expected volatility29 %26 %27 %
Risk-free interest rate3.96 %4.36 %4.35 %
Weighted-average fair value of PSUs granted$296.52 $362.38 $203.18 
Schedule of PSU Activity
A summary of these PSUs that vested is as follows:
(Performance share units in millions)202520242023
Percent payout138 %163 %187 %
Shares vested0.2 0.2 0.3 
A summary of the 2025 activity for these PSUs is as follows:
(Performance share units in millions)Number of performance
share units		Weighted-average fair
value per unit
Non-vested at January 10.2 $248.21 
Granted1
0.1 296.52 
Adjusted for performance results achieved2
— 203.18 
Vested(0.2)203.18 
Forfeited(0.1)303.41 
Non-vested at December 310.1 $332.05 
1 Performance shares granted assuming the Company will perform at target relative to peers.
2 Adjustments for the number of shares vested under the 2023 awards at the end of the three-year performance period ended December 31, 2025, being higher than the target number of shares.
Schedule of Information Related to PSUs
Information related to PSUs is as follows:
(In millions)202520242023
Pre-tax expense for PSUs$22 $23 $22 
After-tax expense for PSUs18 18 17 
Schedule of Assumptions Used in Determining Fair Value of Stock Options A summary of the assumptions used in determining the fair value of stock options is as follows:
202520242023
Expected volatility30 %29 %27 %
Expected option life in years6.26.36.3
Expected dividend yield1.5 %1.5 %2.0 %
Risk-free interest rate
4.3%
4.0 to 4.5%
4.1 to 4.3%
Weighted-average fair value of stock options granted$102.50 $93.42 $48.79 
Schedule of Stock Option Activity
A summary of stock option activity is as follows:
(Options and aggregate intrinsic value in millions)Weighted-average
exercise price per option		OptionsWeighted-average
remaining
contractual life
in years		Aggregate
intrinsic
value
Outstanding at January 1, 2025
$130.25 1.6 
Granted297.35 0.1 
Exercised104.73 (0.4)
Forfeited and canceled252.95 — 
Outstanding at December 31, 2025
$152.22 1.3 5.2$214 
Exercisable at December 31, 2025
$119.93 1.0 4.3$199 
Reserved for future grants at December 31, 2025
17.1 
Schedule of Information Related to Stock Options
Information related to stock options is as follows:
(In millions)202520242023
Pre-tax expense for stock options$20 $11 $10 
After-tax expense for stock options16 9 8 
Proceeds from stock options exercised39 69 78 
Income tax benefit related to stock options exercised
Tax benefit classified in operating activities in the Consolidated
   Statements of Cash Flows		17 30 22 
Intrinsic value of stock options exercised88 165 116 
Total fair value of stock options vested$11 $11 $10 
Stock options exercised0.4 0.8 1.0