Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation Activity

Annual activity related to stock units 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)	165	109.80
Vested (b)	(123)	138.07
Forfeited	(26)	162.88
Outstanding and expected to vest at December 31, 2024 (c)	306	$	143.25	1.3	$	25
Performance-based RSUs
Outstanding at January 1, 2024	411	$	128.77
Granted (a)	152	112.34
Vested (b)	(222)	68.54
Forfeited	(26)	172.89
Outstanding at December 31, 2024	315	$	159.62	1.4	$	25
Outstanding and expected to vest at December 31, 2024 (c)	64	$	192.77	1.4	$	5

__________

(a)Reflects the maximum number of stock units assuming achievement of all time- and performance-vesting criteria and does not include those for non-employee directors, which are discussed separately below. The weighted-average fair value of time- and performance-based RSUs granted in 2023 was $204.17 and $204.13, respectively, and the weighted-average fair value of time-and performance-based RSUs granted in 2022 was $172.34 and $193.48, respectively.

(b)The total fair value of time- and performance-based RSUs vested during 2024 was $32 million. The total fair value of time-, performance-, and market-based RSUs vested during 2023 and 2022 was $21 million and $22 million, respectively.

(c)Aggregate unrecognized compensation expense related to time- and performance-based RSUs amounted to $26 million and will be recognized over a weighted average vesting period of 1.3 years.