v3.24.0.1
Employee Compensation and Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense and Related Income Tax Benefits
Stock-based compensation expense and related income tax benefits were as follows:
As of and for the Year Ended December 31,
(in millions, except shares, per share and contractual life amounts)202320222021
Stock-based compensation expense$667 $596 $540 
Income tax benefit related to stock-based compensation$130 $114 $100 
Weighted-average fair value per stock award granted$143.09 $126.89 $116.11 
Unrecognized compensation expense$637 $635 $625 
Weighted-average period to be recognized (years)1.81.81.8
Fair value of stock awards vested$889 $743 $944 
Schedule of RSU and PRSU Awards Activity
Time-Based Restricted Stock Units
(in millions, except shares, per share and contractual life amounts)Number of Units or AwardsWeighted-Average Grant Date Fair ValueWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value
Nonvested, December 31, 2022
8,373,059 $121.09 0.9$1,172 
Granted5,288,829 145.73 
Vested(4,760,872)118.99 
Forfeited(1,145,073)138.10 
Nonvested, December 31, 2023
7,755,943 136.67 0.91,244 

Performance-Based Restricted Stock Units
(in millions, except shares, per share and contractual life amounts)Number of Units or AwardsWeighted-Average Grant Date Fair ValueWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value
Nonvested, December 31, 2022
1,360,783 $124.09 0.8$191 
Granted232,094 157.61 
Performance award achievement adjustments (1)
579,306 113.20 
Vested(1,384,895)114.57 
Forfeited(14,639)159.06 
Other adjustments(82,843)118.00 
Nonvested, December 31, 2023
689,806 145.32 1.0111 
(1)Represents PRSUs granted prior to 2023 for which the performance achievement period was completed in 2023, resulting in incremental unit awards. These PRSU awards are also included in the amount vested in 2023.
Schedule of Components of Net Expense Recognized for Pension Plan
The components of net benefit recognized for the Pension Plan were as follows:
Year Ended December 31,
(in millions)20232022
Interest on projected benefit obligations$86 $65 
Amortization of actuarial gain(59)— 
Expected return on pension plan assets(97)(71)
Net pension benefit$(70)$(6)