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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Schedule of weighted-average fair value of options, assumptions used |
|  | Year Ended December 31, 2022
Dividend yield |  | 3.3 | %
Volatility |  | 22.1 | %
Risk-free interest rate |  | 2.8 | %
Expected life - years |  | 4.6
Schedule of total remaining unrecognized compensation costs and amortization period | Total remaining unrecognized compensation costs and amortization period are as follows:
|  | December 31, 2024 |  | Weighted-Average Service Years |
Stock options |  | $ | 1 |  |  | 0.3 |
Restricted shares and time-vested restricted share units |  | 68 |  |  | 1.3 |
Nonvested performance-based restricted share units |  | 23 |  |  | 1.6 |
Summary of stock-based compensation | A summary of stock-based compensation is presented below:
Stock Options |  | Shares (in thousands) |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding as of January 1, 2024 |  | 4,197 |  |  | $ | 128.80 |  |  |  |  |
Granted |  | — |  |  | — |  |  |  |  |
Exercised |  | (1,107) |  |  | 140.66 |  |  |  |  |
Forfeited or expired |  | (114) |  |  | 120.46 |  |  |  |  |
Outstanding as of December 31, 2024 |  | 2,976 |  |  | 131.05 |  |  | 4.7 |  | $ | 12 |
Exercisable as of December 31, 2024 |  | 2,791 |  |  | 130.73 |  |  | 4.2 |  | $ | 11 |
Summary of nonvested restricted share units |
|  | Time-Vested Restricted Share Units |  | Performance-Based Restricted Share Units
Other Stock-Based Awards |  | Shares (in thousands) |  | Weighted-Average Grant-Date Fair Value |  | Shares (in thousands) |  | Weighted-Average Grant-Date Fair Value
Nonvested as of January 1, 2024 |  | 1,205 |  |  | $ | 133.14 |  |  | 903 |  |  | $ | 130.36 |
Granted |  | 925 |  |  | 135.31 |  |  | 655 |  |  | 136.41 |
Vested |  | (580) |  |  | 137.70 |  |  | (820) |  |  | 131.82 |
Forfeited |  | (158) |  |  | 138.40 |  |  | (52) |  |  | 137.97 |
Nonvested as of December 31, 2024 |  | 1,392 |  |  | 137.79 |  |  | 686 |  |  | 134.87 |

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the change in restricted stock units (RSUs). + References No definition available. + Details
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