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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based compensation cost included in income from continuing operations
The following table presents total stock-based compensation cost included in income from continuing operations.
($ in millions)
For the year ended December 31:202520242023
Cost$269 $223 $190 
SG&A expense904 690 616 
R&D expense542 398 328 
Pre-tax stock-based compensation cost1,715 1,311 1,133 
Income tax benefits(740)(469)(290)
Net stock-based compensation cost$975 $842 $843 
Summary of restricted stock units activity
The following table summarizes RSU and PSU activity under the Plans during the years ended December 31, 2025, 2024 and 2023.
RSUsPSUs
Weighted-Average
Grant Price
Number of UnitsWeighted-Average
Grant Price
Number of Units (1)
Balance at January 1, 2023$115 21,052,914$117 3,566,078
Awards granted118 10,915,958117 1,295,937
Awards released114 (7,383,980)113 (840,111)
Awards canceled/forfeited/performance adjusted (2)
115 (1,527,249)114 (548,865)
Balance at December 31, 2023$116 23,057,643$118 3,473,039
Awards granted176 8,220,339165 1,110,929
Awards released117 (8,532,751)126 (963,249)
Awards canceled/forfeited/performance adjusted (2)
123 (1,681,686)131 (319,169)
Balance at December 31, 2024$139 21,063,545$130 3,301,550
Awards granted257 6,073,739271 884,271
Awards released131 (8,814,716)112 (1,049,685)
Awards canceled/forfeited/performance adjusted (2)
154 (1,446,258)152 (225,788)
Balance at December 31, 2025$185 16,876,310$178 2,910,348
(1)The balances at December 31 for each period presented represent the number of shares expected to be issued based on achievement of grant date performance targets. The actual number of shares issued will depend on final performance and market results for 2025 awards and solely on final performance results for prior awards against specified targets over the vesting period.
(2)Includes adjustments of (81,195), (196,544) and (404,655) for PSUs in 2025, 2024 and 2023, respectively, because final performance metrics were above or below specified targets.
Summary of performance share units activity
The following table summarizes RSU and PSU activity under the Plans during the years ended December 31, 2025, 2024 and 2023.
RSUsPSUs
Weighted-Average
Grant Price
Number of UnitsWeighted-Average
Grant Price
Number of Units (1)
Balance at January 1, 2023$115 21,052,914$117 3,566,078
Awards granted118 10,915,958117 1,295,937
Awards released114 (7,383,980)113 (840,111)
Awards canceled/forfeited/performance adjusted (2)
115 (1,527,249)114 (548,865)
Balance at December 31, 2023$116 23,057,643$118 3,473,039
Awards granted176 8,220,339165 1,110,929
Awards released117 (8,532,751)126 (963,249)
Awards canceled/forfeited/performance adjusted (2)
123 (1,681,686)131 (319,169)
Balance at December 31, 2024$139 21,063,545$130 3,301,550
Awards granted257 6,073,739271 884,271
Awards released131 (8,814,716)112 (1,049,685)
Awards canceled/forfeited/performance adjusted (2)
154 (1,446,258)152 (225,788)
Balance at December 31, 2025$185 16,876,310$178 2,910,348
(1)The balances at December 31 for each period presented represent the number of shares expected to be issued based on achievement of grant date performance targets. The actual number of shares issued will depend on final performance and market results for 2025 awards and solely on final performance results for prior awards against specified targets over the vesting period.
(2)Includes adjustments of (81,195), (196,544) and (404,655) for PSUs in 2025, 2024 and 2023, respectively, because final performance metrics were above or below specified targets.
Summary of total fair value of RSUs and PSUs granted and vested
The total fair value of RSUs and PSUs granted and vested during the years ended December 31, 2025, 2024 and 2023 were as follows:
($ in millions)
For the year ended December 31:202520242023
RSUs
Granted$1,562 $1,449 $1,293 
Vested1,157 994 845 
PSUs
Granted$239 $183 $151 
Vested118 121 95 
Schedule of weighted-average assumptions used for estimation of fair value of stock options The fair value was estimated based on the following weighted-average assumptions:
For the year ended December 31:202520242023
Expected term (in years)6.36.36.3
Expected volatility27.5%26.2%26.0%
Risk-free rate4.6%4.4%4.2%
Dividend yield2.6%3.7%5.0%
Summary of option activity
The following table summarizes option activity under the Plans during the years ended December 31, 2025, 2024 and 2023.
Weighted-Average
Exercise Price
Number of Shares
Under Option
Balance at January 1, 2023$128 6,274,525
Options granted133 4,574,756
Options exercised125 (408,045)
Options forfeited/cancelled/expired129 (584,674)
Balance at December 31, 2023$130 9,856,562
Options granted181 3,156,770
Options exercised133 (2,384,273)
Options forfeited/cancelled/expired143 (623,663)
Balance at December 31, 2024$145 10,005,396
Options granted262 1,949,882
Options exercised137 (1,698,270)
Options forfeited/cancelled/expired166 (598,034)
Balance at December 31, 2025$168 9,658,974
Vested and exercisable at December 31, 2025$137 3,111,996