v3.26.3
Share-Based Compensation
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
The Company recognized $110 million and $87 million of share-based compensation expense during the three months ended September 30, 2026 and 2025, respectively, and $345 million and $302 million of share-based compensation expense during the nine months ended September 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 September 30, 2026, the total remaining unrecognized compensation cost for restricted stock units and performance share units, net of estimated forfeitures, of $407 million is expected to be recognized over a weighted-average period of 1.8 years.
A summary of restricted stock unit and performance share unit activity during the nine months ended September 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 
Granted8,446 63.46 1,177 66.68 
Forfeited(984)86.28 (964)122.78 
Vested(2,000)144.23 (158)161.01 
Units - September 30, 2026
9,352 $82.21 2,306 $106.50 
A summary of stock option activity during the nine months ended September 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(11)94.14 
Exercised(79)46.29 
Stock options outstanding - September 30, 2026669 $96.05 2.86$— 
Stock options exercisable - September 30, 2026669 $96.05 2.86$—