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Stock-Based Awards and Other Equity Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The following table presents a summary of RSU activity:
RSUsWeighted Average
Grant-Date Fair
Value
 (In thousands) 
Balance as of December 31, 20238,073 $123.24 
Granted3,927 137.27 
Vested(4,268)134.85 
Cancelled(1,020)121.65 
Balance as of December 31, 20246,712 124.31 
The following table presents a summary of PSU activity:
PSUsWeighted Average
Grant-Date Fair
Value
 (In thousands) 
Shares probable to be issued as of December 31, 2023277 $99.84 
Granted285 133.33 
Performance Shares Adjustment(1)
10 118.53 
Vested(37)192.05 
Cancelled(189)125.05 
Shares probable to be issued as of December 31, 2024(1)
346 99.88 
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(1)Outcome for vested market-based awards is updated based upon achievement of certain stock price growth rate targets of the Company’s common stock. Probable outcome for unvested market-based awards is based upon achievement of certain stock price growth rate targets of the Company’s common stock as of December 31, 2024. Probable outcome for unvested performance-based awards is updated based upon changes in actual and forecasted operating results or expected achievement of performance goals, as applicable, and the impact of modifications.
The following table summarizes the estimated vesting, as of December 31, 2024, of PSUs granted in 2024, 2023 and 2022,
net of forfeiture and vesting since the respective grant dates:
By Grant Year
Performance Stock Units202420232022Total Weighted Average
Grant-Date Fair
Value
(In thousands)
Shares probable to be issued— 346 — 346 $99.88 
Shares that could be issued if maximum performance thresholds are met494 346 153 993 135.45
Schedule of Stock Option Activity
The following table presents a summary of our stock option activity:
OptionsWeighted Average
Exercise Price
Remaining
Contractual Life
Aggregate
Intrinsic Value
 (In thousands) (In years)(In millions)
Balance as of December 31, 20233,211 $143.42 
Exercised(781)109.14 
Cancelled(38)126.34 
Balance as of December 31, 20242,392 154.61 1.6$76 
Exercisable as of December 31, 20242,392 154.61 1.676