XML 63 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Weighted Average Grant Date Fair Value and Share-Based Compensation Activity
The following tables provide the weighted average fair value of options, RSUs, and PSUs granted to employees during the years ended December 31, 2024 and 2023, and the related weighted average stock option valuation assumptions used in the Black-Scholes model.

Weighted Average Grant Date Fair Value
(In dollars)December 31, 2024December 31, 2023
Stock options$32 $25 
RSUs89 73 
PSUs96 85 
Stock Option Activity
Shares
(in thousands)
Weighted average exercise price
(in dollars)
Weighted average contractual term
(in years)
Intrinsic value
(in millions)
Outstanding as of January 1, 2024
4,963 $84 
Granted563 92 
Exercised/Vested(503)67 
Forfeited(308)74 
Expired(469)141 
Outstanding as of December 31, 2024
4,246 $82 6.0$31 
Exercisable as of December 31, 2024
2,178 $87 3.7$20 
Expected to vest4,027 $82 5.9$30 
Schedule of Stock Options Valuation Assumptions
Key Assumptions in the Black-Scholes Valuation for Stock Options
December 31, 2024December 31, 2023
Risk-free rate
4.1 %3.6 %
Dividend yield0.13 %0.01 %
Expected volatility26.2 %26.2 %
Expected term (in years)6.26.2
Schedule of RSU and PSU Activity
RSU and PSU Activity
RSUs
PSUs
Shares (in thousands)Weighted average grant date fair value (in dollars)
Weighted average vesting period (in years)
Intrinsic value (in millions)Shares (in thousands)Weighted average grant date fair value (in dollars)Weighted average vesting period (in years)Intrinsic value (in millions)
Outstanding as of January 1, 2024
3,729 $67 1,246 $85 
Granted1,292 89 610 96 
Exercised/Vested(1,745)63 (992)86 
Forfeited(414)73 (86)89 
Expired— — — — 
Outstanding as of December 31, 2024
2,860 $78 1.9$223 778 $91 1.8$61 
Expected to vest2,523 $77 1.9$197 N/AN/AN/AN/A
Summary of Share-Based Compensation Expense and Other Share-Based Compensation Data
Share-based Compensation Expense
For the years ended
December 31, 2024December 31, 2023
Share-based compensation expense (pre-tax)$125 $114 
Income tax benefits(23)(23)
Share-based compensation expense (after-tax)$102 $91 

Other Share-based Compensation Data
For the years ended
December 31, 2024December 31, 2023
Cash received from stock options exercised
$33 $34 
Intrinsic value of stock options exercised and RSUs/PSUs vested
251 106