v3.26.1
EMPLOYEE BENEFIT PLANS (Tables)
3 Months Ended
Mar. 31, 2026
Compensation Related Costs [Abstract]  
Schedule of Option Activity
Option activity was as follows:
 Number of
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contract
Life (in years)
Aggregate
Intrinsic
Value
(in millions)
Outstanding at December 31, 2025
3,203,725 $38.32 4$102 
Granted— $— 
Exercised(887,901)$9.34 $50 
Canceled or expired— $— 
Outstanding at March 31, 2026
2,315,824 $49.43 4$16 
Exercisable at March 31, 2026
2,123,056 $46.71 4$16 
Schedule of Fair Value Assumption for Options Granted The Company uses the Black-Scholes option pricing model to estimate the fair value of the option awards. The table below summarizes the resulting weighted average inputs used to calculate the estimated fair value of options awarded for the three months ended March 31, 2025:
 Three Months Ended
March 31, 2025
Dividend yield%
Expected volatility35 %
Risk-free interest rate4.29 %
Expected life (in years)5
Weighted-average grant date fair value$30.05
The assumptions used to estimate the fair value of performance-based restricted stock awards with market conditions granted in the three months ended March 31, 2025 were as follows:
 Three Months Ended
March 31, 2025
Dividend yield%
Expected volatility31 %
Risk-free interest rate4.23 %
Expected life (in years)3
Weighted-average grant date fair value$85.29
The assumptions used to estimate the fair value of performance-based restricted stock units with market conditions were as follows:
 Three Months Ended
March 31, 2026
Dividend yield%
Expected volatility33 %
Risk-free interest rate3.36 %
Expected life (in years)3
Weighted-average grant date fair value$30.19
Schedule of Unvested Restricted Stock Awards Activity
The following table presents unvested restricted stock awards activity for the three months ended March 31, 2026:
Restricted Stock Awards — without Market ConditionRestricted Stock Awards — with Market Condition
 Number of
Shares
Weighted-Average
Grant Date
Fair Value per Share
Number of
Shares
Weighted-Average
Grant Date
Fair Value per Share
Unvested restricted stock awards at December 31, 2025
3,643,210 $78.32 996,000 $84.93 
Granted1,246 $57.15 — $— 
Vested(981,553)$75.22 (69,364)$81.58 
Canceled(42,654)$77.57 (170,876)$81.58 
Unvested restricted stock awards at March 31, 2026
2,620,249 $79.58 755,760 $86.00 
The following table presents unvested restricted stock units activity for the three months ended March 31, 2026:
Restricted Stock Units — without Market ConditionRestricted Stock Units — with Market Condition
 Number of
Units
Weighted-Average
Grant Date
Fair Value per Share
Number of
Units
Weighted-Average
Grant Date
Fair Value per Share
Unvested restricted stock units at December 31, 2025
714,920 $76.09 — $— 
Granted1,653,872 $48.14 642,603 $41.02 
Vested(97,035)$75.33 — $— 
Canceled(61,787)$72.82 — $— 
Unvested restricted stock units at March 31, 2026
2,209,970 $55.30 642,603 $41.02