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Capital Stock (Tables) | 12 Months Ended
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Dec. 31, 2023
Capital Stock [Abstract] |
Schedule of Fair Value Assumptions |
Option Value and Assumptions
| 2023 |  | 2022 |  | 2021
Weighted-average fair value per share | $ | 83.59 |  |  | $ | 68.08 |  |  | $ | 53.35 |
Assumptions: |  |  |  |  |
Risk-free interest rate | 4.0 | % |  | 1.8 | % |  | 0.8 | %
Expected dividend yield | 1.2 | % |  | 1.0 | % |  | 1.2 | %
Expected stock price volatility | 29.0 | % |  | 27.0 | % |  | 26.9 | %
Expected option life (years) | 6.2 |  | 5.9 |  | 5.9
Summary of Stock Option Activity |
2023 Stock Option Activity
| Shares (in millions) |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Term (in years) |  | Aggregate Intrinsic Value
Outstanding January 1 | 12.1 |  |  | $ | 168.80 |  |  |  |  |
Granted | 1.6 |  |  | 268.28 |  |  |  |  |
Exercised | (2.0) |  |  | 117.64 |  |  |  |  |
Canceled or forfeited | (0.2) |  |  | 235.73 |  |  |  |  |
Outstanding December 31 | 11.5 |  |  | $ | 189.70 |  |  | 5.4 |  | $ | 1,257.1 |
Exercisable December 31 | 6.8 |  |  | $ | 153.01 |  |  | 3.1 |  | $ | 1,001.1 |
Options expected to vest | 4.3 |  |  | $ | 243.26 |  |  | 7.8 |  | $ | 242.2 |
Summary of RSU and PSU Activity |
Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) Activity
| Shares (in millions) |  | Weighted-Average Grant Date Fair Value
| RSUs |  | PSUs |  | RSUs |  | PSUs
Nonvested on January 1 | 0.7 |  |  | 0.2 |  |  | $ | 232.02 |  |  | $ | 234.70 |
Granted | 0.4 |  |  | 0.1 |  |  | 257.09 |  |  | 255.27 |
Vested | (0.3) |  |  | (0.1) |  |  | 227.85 |  |  | 217.73 |
Canceled or forfeited | (0.1) |  |  | — |  |  | 244.09 |  |  | 217.73 |
Nonvested on December 31 | 0.7 |  |  | 0.2 |  |  | $ | 246.98 |  |  | $ | 250.17 |

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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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -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 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -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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