SHARE-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Expense and Income Tax Benefits Recognized

The following table provides information on Share-based compensation expense and related income tax benefits recognized:

(In millions)	2024		2023		2022
Unvested stock awards	$	40	$	42	$	44
Stock option and employee stock purchase plans	2		2		2
Share-based compensation expense	42		44		46
Income tax benefit	(5)		(6)		(6)
Share-based compensation expense, net of tax	$	37	$	38	$	40

Schedule of Nonvested Stock Awards

The following is a summary of activity for RSUs as of and for the year ended December 31, 2024:

	Time-Vested (1)			Performance-Based (2)
(Shares in millions)	Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value
Unvested stock awards at January 1, 2024	0.7	$	75.55	0.4	$	82.11
Granted	0.2	119.22		0.1	121.10
Vested	(0.3)	76.41		(0.1)	69.73
Unvested stock awards at December 31, 2024	0.6	$	86.37	0.4	$	97.81

_____________ 

(1)    Includes RSUs granted to non-executive members of the board of directors.

(2)    Performance-based awards are initially granted at target, assuming 100% payout.

Schedule of Stock Option Awards

The following table summarizes the activity related to our stock option awards:

(Option awards and aggregate intrinsic value in millions)	Number of Option Awards	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (1)
Outstanding and exercisable as of December 31, 2023	0.9	$	72.37	3.1	$	37
Exercised	(0.2)	87.64
Outstanding and exercisable as of December 31, 2024	0.7	$	67.33	2.5	$	58

_____________ 

(1)    The intrinsic value represents the amount by which the fair value of our stock price exceeds the option exercise price, multiplied by the number of in-the-money options.

Schedule of Share Purchase and Related Weighted-Average Exercise Price

The following table presents the shares purchased and the related weighted-average purchase price under the ESPP:

	2024 (1)		2023		2022
Shares purchased	120,000		152,000		171,000
Weighted average purchase price	$	114.84	$	82.81	$	65.50

_____________ 

(1)    As of December 31, 2024, there were 7.5 million shares authorized for issuance and 1.4 million shares remaining available to be purchased in the future.