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Preferred and Common Stock (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Share Activity
Common Stock Outstanding and Share Activity (number of shares)
Balance at December 31, 2022
412,155,057 
Issued for stock-based compensation plans2,993,340 
Repurchase and retirement of common stock(5,233,936)
Balance at December 31, 2023
409,914,461 
Issued for stock-based compensation plans1,287,412 
Repurchase and retirement of common stock(5,770,512)
Balance at December 31, 2024
405,431,361 
Issued for stock-based compensation plans549,976 
Repurchase and retirement of common stock(4,360,772)
Balance at December 31, 2025
401,620,565 
Schedule of Accelerated Share Repurchases
The following table provides details for share repurchases during 2025, 2024, and 2023:
Number of shares
Average price per share(1)
Total
Q1 2025 open market repurchase1,006,102 $124.24$125
Q2 2025 open market repurchase1,229,313 $142.36$175
Q3 2025 open market repurchase1,097,686 $182.20$200
Q4 2025 open market repurchase1,027,671 $194.61$200
2025 Share repurchase total4,360,772 $160.52$700
Q1 2024 open market repurchase2,243,259 $66.87$150
Q2 2024 open market repurchase734,737 $81.66$60
Q3 2024 open market repurchase1,061,323 $94.22$100
Q4 2024 open market repurchase1,731,193 $109.75$190
2024 Share repurchase total5,770,512 $86.65$500
Q1 2023 open market repurchase576,629 $43.36$25
Q2 2023 open market repurchase2,246,294 $44.52$100
Q3 2023 open market repurchase506,800 $49.32$25
Q4 2023 open market repurchase1,904,213 $52.52$100
2023 Share repurchase total5,233,936 $47.76$250
(1)Excludes commissions cost.
Schedule of Fair Value Assumptions of PRSUs
The fair value of PRSUs was estimated at the date of grant using the closing stock price for the performance component and the Monte Carlo model for the market component with the assumptions below:
For the year ended December 31,202520242023
Weighted average grant date fair value$154.72 $72.65 $47.59 
Volatility29.7 %27.7 %39.0 %
Risk-free interest rate4.2 %4.4 %4.4 %
Schedule of RSUs Activity
The activity for RSUs, PRSUs, and options during 2025 was as follows (options and awards in millions in the tables below):
 RSUsPRSUs
  Number of
awards		Weighted
average FMV
per award		Number of
awards		Weighted
average FMV
per award
Outstanding, December 31, 2024
1.5 $44.57 0.6 $57.13 
Granted 0.4 160.52 0.2 154.72 
Converted(0.4)35.22 (0.4)36.68 
Forfeited— 69.61 — 78.43 
Performance share adjustment— — 0.2 36.68 
Outstanding, December 31, 2025
1.5 $81.44 0.6 $89.88 
Schedule of PRSUs Activity
The activity for RSUs, PRSUs, and options during 2025 was as follows (options and awards in millions in the tables below):
 RSUsPRSUs
  Number of
awards		Weighted
average FMV
per award		Number of
awards		Weighted
average FMV
per award
Outstanding, December 31, 2024
1.5 $44.57 0.6 $57.13 
Granted 0.4 160.52 0.2 154.72 
Converted(0.4)35.22 (0.4)36.68 
Forfeited— 69.61 — 78.43 
Performance share adjustment— — 0.2 36.68 
Outstanding, December 31, 2025
1.5 $81.44 0.6 $89.88 
Schedule of Options Activity
 Stock options
  Number of
options		Weighted
average
exercise price per option		Weighted average remaining contractual lifeTotal intrinsic value
Outstanding, December 31, 2024
0.1 $20.98 
Exercised— 18.08 
Outstanding, December 31, 2025
0.1 $23.27 1.7$15 
Stock options were last granted in 2018. All of the stock options outstanding were fully vested and exercisable.
For the year ended December 31,202520242023
Cash received from stock option exercises$1 $8 $11 
Total tax benefit realized from stock option exercises$2 $3 $2 
Intrinsic value of stock options exercised$9 $16 $9 
Intrinsic value of RSUs and PRSUs converted$126 $117 $187