EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of RSU and RSA activity

A summary of the RSU and RSA activity for 2024 is as follows:

(Restricted stock units and awards in millions)	Number of restricted stock units and awards	Weighted-average fair value per unit and award
Non-vested at January 1	0.9	$	150.55
Granted	0.3	289.23
Vested	(0.4)	163.32
Forfeited	—	197.75
Non-vested at December 31	0.7	$	202.76

Schedule of Information Related to RSUs and RSAs

Information related to RSUs and RSAs is as follows:

(In millions)	2024		2023		2022
Pre-tax expense for RSUs and RSAs	$	74	$	65	$	65
After-tax expense for RSUs and RSAs	58		51		51
Fair value of vested RSUs and RSAs	126		84		98

Schedule of Assumptions Used in Determining Fair Value of PSUs

A summary of the assumptions used in determining fair value of these PSUs is as follows:

	2024			2023			2022
Expected volatility	26		%	27		%	35		%
Risk-free interest rate	4.36		%	4.35		%	1.71		%
Weighted-average fair value of PSUs granted	$	362.38		$	203.18		$	171.63

Schedule of PSU Activity

A summary of these PSUs that vested is as follows:

(Performance share units in millions)	2024		2023		2022
Percent payout	163	%	187	%	178	%
Shares vested	0.2		0.3		0.4

A summary of the 2024 activity for these PSUs is as follows:

(Performance share units in millions)	Number of performance share units	Weighted-average fair value per unit
Non-vested at January 1	0.3	$	162.67
Granted1	0.1	362.38
Adjusted for performance results achieved2	0.1	171.63
Vested	(0.2)	171.63
Forfeited	—	228.66
Non-vested at December 31	0.2	$	248.21

1 Performance shares granted assuming the Company will perform at target relative to peers.

2 Adjustments for the number of shares vested under the 2022 awards at the end of the three-year performance period ended December 31, 2024, being higher than the target number of shares.

Schedule of Information Related to PSUs

Information related to PSUs is as follows:

(In millions)	2024		2023		2022
Pre-tax expense for PSUs	$	23	$	22	$	21
After-tax expense for PSUs	18		17		17

Schedule of Assumptions Used in Determining Fair Value of Stock Options

A summary of the assumptions used in determining the fair value of stock options is as follows:

	2024			2023			2022
Expected volatility	29		%	27		%	27		%
Expected option life in years	6.3			6.3			6.6
Expected dividend yield	1.5		%	2.0		%	2.0		%
Risk-free interest rate	4.0 to 4.5%			4.1 to 4.3%			0.3 to 3.0%
Weighted-average fair value of stock options granted	$	93.42		$	48.79		$	36.56

Schedule of Stock Option Activity

A summary of stock option activity is as follows:

(Options and aggregate intrinsic value in millions)	Weighted-average exercise price per option		Options	Weighted-average remaining contractual life in years	Aggregate intrinsic value
Outstanding at January 1, 2024	$	103.76	2.2
Granted	288.50		0.2
Exercised	88.51		(0.8)
Forfeited and canceled	164.15		—
Outstanding at December 31, 2024	$	130.25	1.6	5.4	$	313
Exercisable at December 31, 2024	$	102.36	1.2	4.5	$	273
Reserved for future grants at December 31, 2024			18.2

Schedule of Information Related to Stock Options

Information related to stock options is as follows:

(In millions)	2024		2023		2022
Pre-tax expense for stock options	$	11	$	10	$	11
After-tax expense for stock options	9		8		9
Proceeds from stock options exercised	69		78		28
Income tax benefit related to stock options exercised
Tax benefit classified in operating activities in the Consolidated    Statements of Cash Flows	30		22		6
Intrinsic value of stock options exercised	165		116		29
Total fair value of stock options vested	$	11	$	10	$	11
Stock options exercised	0.8		1.0		0.4