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Share-Based Compensation and Other Compensation Arrangements (Tables)

12 Months Ended

Dec. 31, 2025

The share-based plans expense and related income tax benefit were as follows:


Years ended December 31,	2025	2024	2023
Restricted stock units and other awards	$427	$409	$697
Income tax benefit (before consideration of valuation allowance)	$92	$107	$157

These stock options have an exercise price equal to 120% of the fair market value of our stock on the date of grant.


Grant Date	Options Granted	Expected Life	Expected Volatility		Risk Free Interest Rate		Grant Date Fair Value Per Option
2/19/2025	366,869	7.0 years	39.0	%	4.5	%	$79.53
2/24/2025	17,785	7.0 years	39.0	%	4.4	%	$77.31
8/15/2025	44,321	7.0 years	39.3	%	4.3	%	$101.53

Stock option activity for the year ended December 31, 2025 was as follows:


	Shares	Weighted Average Exercise Price Per Option	Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Number of shares under option:
Outstanding at beginning of year	903,999	$245.76
Granted	428,975	227.33

Expired	(18,729)	246.56
Forfeited	(15,150)	260.98
Outstanding at end of year	1,299,095	$239.49	7.0	$2
Exercisable at end of year	721,844	$254.33	5.4	$0

RSU activity for the year ended December 31, 2025 was as follows:


	Long-Term Incentive Program	Other
	Shares	Weighted Average Fair Value per Unit	Shares	Weighted Average Fair Value per Unit
Number of units:
Outstanding at beginning of year	6,340,571	$190.23	565,430	$177.20
Granted(1)	2,319,823	184.79	380,049	196.76


Forfeited	(368,748)	191.71	(58,327)	191.53
Distributed	(3,843,304)	181.19	(338,633)	170.78
Outstanding at end of year	4,448,342	$195.14	548,519	$192.97
Undistributed vested units	523,670		69,191
Unrecognized compensation cost	$361		$45
Weighted average remaining amortization period (years)	1.8		1.8

(1) Includes 164,806 awards issued in exchange for Spirit share-based compensation awards as a result of the Spirit Acquisition.