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STOCK-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Weighted-average fair value of options granted and the weighted-average assumptions used in the Black Scholes Merton option pricing model for such grants
The weighted-average fair value of stock options granted during the years ended December 31, 2025, 2024 and 2023, and the weighted-average assumptions used in the Black-Scholes-Merton option-pricing model for such grants were as follows:
Year Ended December 31,202520242023
Fair value of stock options on grant date$11.97 $10.28 $9.84 
Dividend yield1
3.1%3.2%3.0%
Expected volatility2
17.0%17.0%17.5%
Risk-free interest rate3
4.2%4.3%4.1%
Expected term of stock options4
7 years6 years6 years
1The dividend yield is the calculated yield on the closing market price per share of the Company’s stock on the grant date.
2The expected volatility is based on implied volatilities from traded options on the Company’s stock, historical volatility of the Company’s stock and other factors.
3The risk-free interest rate for the period matching the expected term of the stock options is based on the U.S. Treasury yield curve in effect on the grant date.
4The expected term of the stock options represents the period of time that stock options are expected to be outstanding and is derived by analyzing historical exercise behavior.
Stock option activity
Stock option activity during the year ended December 31, 2025 was as follows:
Shares
(In millions)		Weighted-Average
Exercise Price		Weighted-Average
Remaining
Contractual Term		Aggregate
Intrinsic Value
(In millions)
Outstanding on January 1, 2025
31 $52.81   
Granted3 70.98   
Exercised(7)47.87   
Outstanding on December 31, 202527 $55.74 5.3 years$377 
Vested and expected to vest26 $55.62 5.3 years$375 
Exercisable on December 31, 2025
20 $52.69 4.4 years$336 
Summary of information about outstanding nonvested performance share units based on target award levels
The following table summarizes information about outstanding nonvested performance share units based on the target award levels:
Performance Share Units
(In thousands)		Weighted-Average
Grant Date
Fair Value
Nonvested on January 1, 20252,539 $56.91 
Granted1,413 72.35 
Vested1
(1,167)56.63 
Forfeited(165)60.46 
Nonvested on December 31, 20252
2,620 $65.13 
1Represents the target level of performance share units vested as of December 31, 2025 for the 2023-2025 performance period. Upon certification in February 2026 of the financial results for the performance period, the final number of shares earned will be determined and released.
2The outstanding nonvested performance share units as of December 31, 2025 at the threshold award and maximum award levels were approximately 996,000 and 6,551,000, respectively.
Summary of information about vested performance share units based on the certified award level
The following table summarizes information about vested performance share units based on the certified award level:
2022-2024 Annual Award
Performance Share Units
(In thousands)		Weighted-
Average
Grant Date
Fair Value
Certified 2,851 $60.08 
Released during 2025(2,840)60.08 
Forfeited during 2025(11)60.08 
Summary of information about outstanding nonvested time-based restricted stock and restricted stock units
The following table summarizes information about outstanding nonvested restricted stock, restricted stock units and matching share awards:
Restricted Stock, Restricted Stock Units and Matching Share Awards
(In thousands)		Weighted-Average
Grant Date
Fair Value
Nonvested on January 1, 20254,210 $55.75 
Granted1,988 65.34 
Vested and released(1,297)57.72 
Forfeited(365)57.62 
Nonvested on December 31, 20254,536 $59.24