v3.25.4
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Weighted Average Grant Date Fair Value and Share-Based Compensation Activity
The following tables provide the weighted average fair value of options, RSUs, and PSUs granted to employees during the years ended December 31, 2025, 2024, and 2023, and the related weighted average stock option valuation assumptions used in the Black-Scholes model.

Weighted Average Grant Date Fair Value
For the years ended December 31
(In dollars)202520242023
Stock options$30 $32 $25 
RSUs83 89 73 
PSUs85 96 85 
Stock Option Activity
Shares
(in thousands)
Weighted average exercise price
(in dollars)
Weighted average contractual term
(in years)
Intrinsic value
(in millions)
Outstanding as of January 1, 2025
4,246 $82 
Granted666 85 
Exercised/Vested(606)61 
Forfeited(208)79 
Expired(339)126 
Outstanding as of December 31, 2025
3,760 $82 6.0$28 
Exercisable as of December 31, 2025
2,219 $83 4.6$20 
Expected to vest3,634 $82 5.9$28 
Schedule of Stock Options Valuation Assumptions
Key Assumptions in the Black-Scholes Valuation for Stock Options
For the years ended December 31
202520242023
Risk-free rate
4.0 %4.1 %3.6 %
Dividend yield0.16 %0.13 %0.01 %
Expected volatility26.7 %26.2 %26.2 %
Expected term (in years)6.26.26.2
Schedule of RSU and PSU Activity
RSU and PSU Activity
RSUs
PSUs
Shares (in thousands)Weighted average grant date fair value (in dollars)
Weighted average vesting period (in years)
Intrinsic value (in millions)Shares (in thousands)Weighted average grant date fair value (in dollars)Weighted average vesting period (in years)Intrinsic value (in millions)
Outstanding as of January 1, 2025
2,860 $78 778 $91 
Granted1,478 83 492 85 
Exercised/Vested(1,484)75 (72)70 
Forfeited(313)81 (122)89 
Expired— — — — 
Outstanding as of December 31, 2025
2,542 $82 2.0$208 1,076 $88 2.0$88 
Summary of Share-Based Compensation Expense and Other Share-Based Compensation Data
Share-based Compensation Expense
For the years ended December 31
202520242023
Share-based compensation expense (pre-tax)$130 $125 $114 
Income tax benefits(24)(23)(23)
Share-based compensation expense (after-tax)$106 $102 $91 

Other Share-based Compensation Data
For the years ended December 31
202520242023
Cash received from stock options exercised
$37 $33 $34 
Intrinsic value of stock options exercised and RSUs/PSUs vested
141 251 106