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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Type and Fair Value of Stock-Based Compensation Awards | The following table illustrates the type and fair value of the stock-based compensation awards granted during the three months ended March 31, 2025 and 2024, respectively:
| Three Months Ended March 31, 2025 |  | Three Months Ended March 31, 2024
| Shares Granted |  | Weighted-Average Fair Value Per Share |  | Weighted-Average Grant Date Stock Price |  | Shares Granted |  | Weighted-Average Fair Value Per Share |  | Weighted-Average Grant Date Stock Price
Stock options | 280,013 |  |  | $ | 105.92 |  |  | $ | 332.04 |  |  | 296,295 |  |  | $ | 104.27 |  |  | $ | 338.65 |
RSUs | 403,407 |  |  | $ | 332.95 |  |  | $ | 332.95 |  |  | 379,621 |  |  | $ | 338.65 |  |  | $ | 338.65 |
PRSUs | 167,301 |  |  | $ | 347.63 |  |  | $ | 332.04 |  |  | 169,120 |  |  | $ | 408.64 |  |  | $ | 338.65 |
Schedule of Assumptions Used for Fair Value of Stock Options | The following table provides the assumptions used in determining the fair value of the stock-options granted in the three months ended March 31, 2025 and 2024, respectively:
| Grant Year
| 2025 |  | 2024
Weighted-average dividend yield | 2.13% |  | 2.40%
Weighted-average volatility | 30.5% |  | 30.7%
Range of volatilities | 26.6% - 32.6% |  | 26.3% - 32.3%
Range of risk-free interest rates | 4.13% - 4.40% |  | 4.28% - 5.03%
Weighted-average expected lives | 7 years |  | 7 years
Schedule of Assumptions Used for Fair Value of PRSUs | The following table provides the assumptions used in determining the fair value of the PRSUs granted in the three months ended March 31, 2025 and 2024, respectively:
| Grant Year
| 2025 |  | 2024 |  |
Expected volatility of the Company's stock | 29.5% |  | 29.8% |  |
Risk-free interest rate | 3.90% |  | 4.38% |  |

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- Definition Schedule of Share-Based Payment Award, Performance Restricted Stock Units, Valuation Assumptions + References No definition available. + Details
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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -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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