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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement, Recognized Amount [Abstract]  
Schedule of Awards Granded

The following awards were granted during the three and nine months ended September 30, 2023 and 2022:

 

 

Awards Granted

 

 

Average Grant Date Fair Value

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Employee Stock Awards

 

 

 

 

 

25,059

 

 

 

113,569

 

 

 

177,960

 

 

$

 

 

$

99.47

 

 

$

107.29

 

 

$

92.87

 

Cash-Settled Restricted Stock Units

 

 

2,281

 

 

 

15,694

 

 

 

68,745

 

 

 

78,534

 

 

$

130.47

 

 

$

99.47

 

 

$

110.04

 

 

$

93.81

 

Non-Employee Director Stock Awards

 

 

8,211

 

 

 

10,703

 

 

 

8,211

 

 

 

11,399

 

 

$

127.81

 

 

$

94.79

 

 

$

127.81

 

 

$

95.35

 

 Total

 

 

10,492

 

 

 

51,456

 

 

 

190,525

 

 

 

267,893

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Stock-Based Compensation Expense

The total stock-based compensation expense for the three and nine months ended September 30, 2023 and 2022, and the unrecognized compensation expense at September 30, 2023:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

 

 

September 30,

 

 

September 30,

 

 

As of September 30, 2023

 

(in millions)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

Unrecognized

 

 

Weighted Average Period to Recognize (in years)

 

Employee Stock Awards

 

$

3,166

 

 

$

3,241

 

 

$

9,394

 

 

$

9,215

 

 

$

19,213

 

 

 

1.65

 

Cash-Settled Restricted Stock Units

 

 

1,709

 

 

 

1,793

 

 

 

5,808

 

 

 

4,242

 

 

 

12,134

 

 

 

1.94

 

Non-Employee Director Stock Awards

 

 

280

 

 

 

276

 

 

 

740

 

 

 

808

 

 

 

770

 

 

 

0.67

 

 Total

 

$

5,155

 

 

$

5,310

 

 

$

15,942

 

 

$

14,265

 

 

$

32,117