v3.25.0.1
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Compensation Expense Related to Long-Term Incentive Plan Stock-based compensation expense recognized in general and administrative expenses, distribution expenses, and transaction and integration costs on our consolidated statements of income related to our awards was as follows:
 Year Ended December 31,
 202420232022
SARs$15 $13 $12 
RSUs34 40 36 
PSUs15 22 13 
Total$64 $75 $61 
Schedule of Income Tax Benefit Share Based Compensation
The income tax benefit recognized at the time of vest related to our awards was as follows:
 Year Ended December 31,
 202420232022
SARs$1 $1 $— 
RSUs7 5 5 
PSUs1 2 1 
Total$9 $8 $6 
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity A summary of SAR activity is presented below:
SARsWeighted-average exercise priceWeighted-average remaining contractual term
Outstanding at December 31, 20233,883,347 $67.20 5.68
Granted223,410 156.97 
Exercised(864,715)55.19 
Forfeited or expired— — 
Outstanding at December 31, 20243,242,042 $76.59 5.68
Exercisable at December 31, 20242,541,081 $65.23 5.03
Schedule of Share-based Payment Award SAR Valuation Assumptions
The fair value of each SAR was estimated on the date of grant using the Black-Scholes-Merton option-pricing model with the following weighted-average assumptions:
202420232022
Exercise price$156.97$111.71$94.60
Expected life in years6.246.246.24
Risk-free interest rate4.31 %3.70 %2.40 %
Expected volatility38.60 %37.37 %36.07 %
Annual dividend yield0.38 %— %— %
Schedule of Nonvested Restricted Stock Units Activity A summary of the status of the nonvested RSU awards outstanding under the LTIP, including certain RSUs with a performance component, is presented below:
RSUsWeighted-average grant date fair value
Nonvested at December 31, 20231,140,535 $93.01 
Granted327,657 156.75 
Vested(561,679)86.81 
Forfeited or canceled(32,834)112.47 
Nonvested at December 31, 2024873,679 $120.17 
Schedule of Nonvested Performance Awards A summary of the status of the nonvested PSU awards outstanding under the LTIP is presented below:
PSUsWeighted-average grant date fair value
Nonvested at December 31, 2023555,401 $91.45 
Granted177,795 159.69 
Vested(226,038)119.56 
Forfeited or canceled— — 
Nonvested at December 31, 2024507,158 $102.84