v3.26.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense related to awards issued under the Company's incentive compensation plans for the three and nine months ended September 30, 2026 and 2025 was as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Cost of sales$8.1 $7.4 $24.7 $22.2 
Selling, general, and administrative expenses26.9 23.4 75.8 65.8 
Research and development expenses11.0 10.3 33.1 30.7 
Total stock-based compensation expense46.0 41.1 133.6 118.7 
Income tax benefit(8.6)(7.8)(23.1)(20.4)
Total stock-based compensation expense, net of tax$37.4 $33.3 $110.5 $98.3 
Schedule of Weighted-Average Assumptions for Options Granted
The following table includes the weighted-average grant-date fair values of stock options granted during the periods indicated and the related weighted-average assumptions used in the Black-Scholes option pricing model:
 Option Awards
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Risk-free interest rate4.4%3.8%4.1%4.0%
Expected dividend yieldNoneNoneNoneNone
Expected volatility33.4%33.9%33.5%34.1%
Expected term (years)5.85.65.35.2
Fair value, per option$36.30$30.24$31.82$28.26
Schedule of Weighted-Average Assumptions for ESPP Subscriptions Granted
The following table includes the weighted-average grant-date fair values for ESPP subscriptions granted during the periods indicated and the related weighted-average assumptions used in the Black-Scholes option pricing model:
 ESPP
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Risk-free interest rate4.0%4.2%3.6%4.3%
Expected dividend yieldNoneNoneNoneNone
Expected volatility28.8%34.5%32.6%30.8%
Expected term (years)0.60.60.60.6
Fair value, per share$22.21 $20.73 $21.74$18.81