v3.25.4
Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions Used to Determine Weighted-Average Fair Value of Options Granted The weighted average fair value of options granted in 2025, 2024 and 2023 was $18.61, $25.60 and $21.69 per option, respectively, and were determined using the following assumptions:
Years Ended December 31202520242023
Expected dividend yield3.1 %3.0 %3.1 %
Risk-free interest rate3.9 %4.7 %3.4 %
Expected volatility25.9 %20.5 %22.4 %
Expected life (years)5.85.85.8
Schedule of Summarized Information Relative to Stock Option Plan Activity
Summarized information relative to stock option plan activity (options in thousands) is as follows:
Number
of Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
Outstanding January 1, 2025
12,500 $86.04 
Granted1,616 84.71 
Exercised(1,428)64.76 
Forfeited(211)106.46   
Outstanding December 31, 2025
12,477 $87.95 5.7$275 
Vested and expected to vest December 31, 202512,235 $87.73 5.7$272 
Exercisable December 31, 20259,348 $82.09 4.8$244 
Schedule of Additional Information Pertaining to Stock Option Plans
Additional information pertaining to stock option plans is provided in the table below:
Years Ended December 31202520242023
Total intrinsic value of stock options exercised$41 $144 $95 
Fair value of stock options vested36 32 30 
Cash received from the exercise of stock options92 177 125 
Schedule of Nonvested RSU and PSU Activity
A summary of nonvested RSU and PSU activity (shares in thousands) is as follows:
 RSUsPSUs
  Number
of Shares
Weighted
Average
Grant Date
Fair Value
Number
of Shares
Weighted
Average
Grant Date
Fair Value
Nonvested January 1, 2025
12,232 $117.94 1,766 $117.57 
Granted10,318 84.65 1,233 81.20 
Vested(6,042)110.84 (1,101)88.42 
Forfeited(786)104.44 (64)104.87 
Nonvested December 31, 202515,722 $99.50 1,834 $111.13 
Expected to vest December 31, 202513,978 $100.27 1,732 $111.82