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Share-Based Compensation
 6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
The Company recognized $94 million and $15 million of share-based compensation expense during the three months ended June 30, 2020 and 2019, respectively, and $202 million and $34 million of share-based compensation expense during the six months ended June 30, 2020 and 2019, respectively. The Company’s annual grant of share-based awards generally occurs in the first quarter. At June 30, 2020, the total remaining unrecognized compensation cost for unvested stock options, restricted stock units and awards and performance share units and awards, net of estimated forfeitures, of $426 million is expected to be recognized over a weighted-average period of 2.0 years. During the six months ended June 30, 2020 and 2019, stock options to purchase 1.8 million and 1.7 million shares, respectively, were exercised.
A summary of stock option activity is as follows:
 
Shares (In thousands)
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value (In millions)
Stock options outstanding - December 31, 2019
15,989

 
$
42.83

 
 
 
 
Granted
1,503

 
112.87

 
 
 
 
Forfeited
(103
)
 
87.97

 
 
 
 
Exercised
(1,836
)
 
33.39

 
 
 
 
Stock options outstanding - June 30, 2020
15,553

 
$
50.42

 
5.07
 
$
757

Stock options exercisable - June 30, 2020
12,771

 
$
40.69

 
4.24
 
$
727


A summary of restricted stock unit and performance share unit activity is as follows:
 
Restricted Stock Units
 
Performance Share Units
 
Shares (In thousands)
 
Weighted-Average Grant Date Fair Value
 
Shares (In thousands)
 
Weighted-Average Grant Date Fair Value
Units - December 31, 2019
6,869

 
$
93.80

 
2,328

 
$
94.61

Granted
1,298

 
112.02

 
—

 
—

Forfeited
(151
)
 
89.30

 
(27
)
 
90.32

Vested
(2,707
)
 
95.16

 
(175
)
 
75.92

Units - June 30, 2020
5,309

 
$
97.64

 
2,126

 
$
96.21


A summary of restricted stock award activity is as follows:
 
Restricted Stock Awards
 
Shares (In thousands)
 
Weighted-Average Grant Date Fair Value
Awards - December 31, 2019
48

 
$
102.30

Granted
—

 
—

Forfeited
—

 
—

Vested
—

 
—

Awards - June 30, 2020
48

 
$
102.30