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Share-Based Compensation
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based CompensationThe Company recognized $106 million and $94 million of share-based compensation expense during the three months ended June 30, 2023 and 2022, respectively, and $199 million and $155 million of share-based compensation expense during the six months ended June 30, 2023 and 2022, respectively. The Company’s share-based compensation awards are typically granted in the first quarter of the year, and may also occur throughout the year in conjunction with acquisitions of businesses. At June 30, 2023, the total remaining unrecognized compensation cost for restricted stock units and awards, performance share units, and unvested stock options, net of estimated forfeitures, of $577 million is expected to be recognized over a weighted-average period of 2.0 years.
A summary of restricted stock unit, restricted stock award and performance share unit activity during the six months ended June 30, 2023 is as follows:
Restricted Stock Units and AwardsPerformance Share Units
Shares
(In thousands)
Weighted-Average Grant Date Fair ValueShares
(In thousands)
Weighted-Average Grant Date Fair Value
Units and awards - December 31, 2022
5,530 $96.88 3,243 $100.93 
Granted2,423 112.99 359 129.68 
Forfeited(239)100.60 (47)101.00 
Vested(1,983)98.73 (18)95.29 
Units and awards - June 30, 2023
5,731 $102.88 3,537 $103.66 
A summary of stock option activity during the six months ended June 30, 2023 is as follows:
Shares
(In thousands)
Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (In millions)
Stock options outstanding - December 31, 20226,336 $62.91 
Granted— — 
Forfeited(32)112.83 
Exercised(1,903)44.02 
Stock options outstanding - June 30, 20234,401 $70.72 4.10$244 
Stock options exercisable - June 30, 20234,046 $67.10 3.84$239