Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation Activity

The activity related to RSUs consisted of (in thousands of shares):

	Number of Shares	Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Time-based RSUs
Outstanding at January 1, 2024	290	$	161.87
Granted (a)	120	113.10
Vested (b)	(100)	133.88
Forfeited	(4)	167.61
Outstanding and expected to vest at June 30, 2024 (c)	306	$	151.83	1.4	$	32
Performance-based RSUs
Outstanding at January 1, 2024	411	$	128.77
Granted (a)	144	113.10
Vested (b)	(222)	68.54
Forfeited	(3)	175.87
Outstanding at June 30, 2024	330	$	161.95	1.9	$	34
Outstanding and expected to vest at June 30, 2024 (c)	172	$	159.15	1.9	$	18

________

(a)Reflects the maximum number of stock units assuming achievement of all performance- and time-vesting criteria and does not include those for non-employee directors. The weighted-average fair value of time-based RSUs and performance-based RSUs granted during the six months ended June 30, 2023 was $208.55 and $208.49, respectively.

(b)The total fair value of RSUs vested during the six months ended June 30, 2024 and 2023 was $29 million and $19 million, respectively.

(c)Aggregate unrecognized compensation expense related to time-based RSUs and performance-based RSUs amounted to $46 million and will be recognized over a weighted average vesting period of 1.6 years.