XML 104 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Stock Options
The following is a summary of our stock option activity:
Number of
Options
(in thousands)		Weighted
Average
Exercise Price per Option
Outstanding at January 1, 2022
2,964 $68.77 
Granted266 $129.76 
Exercised(417)$53.30 
Forfeited(26)$123.77 
Outstanding at December 31, 2022
2,787 $76.38 
Granted280 $107.66 
Exercised(508)$58.05 
Forfeited(20)$114.19 
Outstanding at December 31, 2023
2,539 $83.20 
Granted212 $135.46 
Exercised(561)$61.21 
Outstanding at December 31, 2024
2,190 $93.90 
Schedule of Stock Options Outstanding And Exercised Details of stock options outstanding as of December 31, 2024 are as follows:
Number of
Options
(in thousands)		Weighted
Average
Exercise Price		Weighted
Average
Remaining
Contractual Life
(Years)		Aggregate
Intrinsic
Value
(In millions)
Vested or expected to vest2,190$93.905.3$121
Exercisable1,715$85.594.4$109
Details of stock options exercised during 2024, 2023 and 2022 are as follows:
Year Ended December 31,
Options exercised:202420232022
Total intrinsic value of options exercised (in millions)
$42 $25$28
As of December 31,
Options outstanding:202420232022
Number of options exercisable (in thousands)1,715 2,000 2,205 
Weighted-average exercise price$85.59 $74.49 $65.97 
Schedule of Stock Options Valuation Assumptions During 2024, 2023 and 2022, we used the assumptions in the table below to compute the value:
Year Ended December 31,
Assumptions:202420232022
Risk-free interest rate
4.14%3.47%1.72%
Expected life in years
6.06.16.0
Expected volatility
24%24%23%
Expected dividend yield
1.33%1.56%1.17%
Estimated weighted-average fair value of options granted per share
$37.56$27.39$28.18
Schedule of Nonvested Restricted Stock Options
The following is a summary of nonvested restricted shares under all plans discussed above:
Number of
Restricted
Stock Shares
(in thousands)		Weighted
Average
Grant-Date Fair
Value per Share
Nonvested at January 1, 2022
3,317$101.72 
Granted1,477126.98 
Vested(1,541)93.94 
Forfeited(307)118.23 
Nonvested at December 31, 2022
2,946117.14 
Granted3,561110.96 
Vested(1,942)112.39 
Forfeited(269)114.88 
Nonvested at December 31, 2023
4,296114.31 
Granted1,761136.03 
Vested(1,700)115.50 
Forfeited(258)120.94 
Nonvested at December 31, 2024
4,099121.10 
Year Ended December 31,
202420232022
Time-based restricted stock units granted (in thousands)(1)
1,0311,1911,067
Total fair value of restricted stock vested under all restricted stock plans (in millions)
$227 $150 $191 
(1)    The remaining shares granted are performance-based.