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Stock-Based Compensation (Tables)

12 Months Ended

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

X

- 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

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-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

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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

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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

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Tabular disclosure of the change in restricted stock units (RSUs).

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