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LONG-TERM INCENTIVE COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

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 2024.

			Options						Weighted- average exercise price						Weighted-average remaining contractual term in years
Outstanding at December 31, 2023			1,476,104						$	75.39
Exercised			(812,959)						$	76.72
Expired			(1,768)						$	76.75
Outstanding and exercisable at December 31, 2024			661,377						$	73.76					0.5

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 December 31, 2024. Estimated future compensation expense will change to reflect future grants, changes in the probability of performance thresholds being met, and adjustments for actual forfeitures.

(in millions)
First quarter 2025			$	53.2
Second quarter 2025			52.1
Third quarter 2025			51.5
Fourth quarter 2025			44.7
2026			100.4
2027 through 2030			67.2
Total			$	369.1

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

The following table summarizes the status of, and changes in, our restricted stock units during 2024. 

									Restricted stock units						Weighted- average fair value
Nonvested at December 31, 2023									6,476,170						$	127.94
Time-based grants									1,597,968						$	122.56
Performance-based grants									98,668						$	123.00
Vested (value at vest date was $240.0 million)									(1,956,869)						$	133.11
Forfeited									(214,358)						$	128.24
Nonvested at December 31, 2024									6,001,579						$	124.73

Below is a roll forward of the restricted fund units liability which is reported in deferred compensation liabilities on the consolidated balance sheet.

(in millions)			2024
Balance at beginning of year			$	—
Amortization of grant date value			14.8
Amortization of market appreciation (depreciation)			(0.1)
Balance at end of year			$	14.7

Schedule of Future Stock-based Compensation Expense to be Recognized over the Remaining Vesting Periods of the Restricted Fund Unit Awards

The following table presents the compensation expense to be recognized over the remaining vesting periods of the restricted fund units outstanding at December 31, 2024. Estimated future compensation expense will change to reflect future grants, changes in the market value of the restricted fund units which is based on selected hypothetical investments, and adjustments for actual forfeitures.

(in millions)
First quarter 2025									$	11.7
Second quarter 2025									11.3
Third quarter 2025									11.2
Fourth quarter 2025									9.2
2026									22.9
2027 through 2030									21.6
Total									$	87.9

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Share-Based Payment Arrangement, Employee Service Restricted Fund Units, Estimated Future Compensation Expense

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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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