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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Roll Forward of Stock Options

The following table summarizes the status of, and changes in, our stock options during the nine months ended September 30, 2023.

			Options						Weighted- average exercise price
Outstanding at December 31, 2022			2,218,506						$	74.31
Exercised			(621,808)						$	71.26
Outstanding at September 30, 2023			1,596,698						$	75.50
Exercisable at September 30, 2023			1,596,698						$	75.50

Schedule of Roll Forward of Nonvested Restricted Shares and Restricted Stock Units

The following table summarizes the status of, and changes in, our nonvested restricted shares and restricted stock units during the nine months ended September 30, 2023.

			Restricted shares						Restricted stock units						Weighted-average fair value
Nonvested at December 31, 2022			8,715						5,901,600						$	142.37
Time-based grants			56,740						42,316						$	110.07
Dividend equivalents granted to non-employee directors			—						2,996						$	108.48
Vested			(8,715)						(99,933)						$	110.78
Forfeited			—						(121,871)						$	140.97
Nonvested at September 30, 2023			56,740						5,725,108						$	142.43

Schedule of Future Stock-based Compensation Expense

The following table presents the compensation expense to be recognized over the remaining vesting periods of the stock-based awards outstanding at September 30, 2023. Estimated future compensation expense will change to reflect future grants of restricted stock awards and units, future option grants, changes in the probability of performance thresholds being met, and adjustments for actual forfeitures.

(in millions)
Fourth quarter 2023			$	51.0
2024			122.5
2025 through 2029			97.1
Total			$	270.6

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement.

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