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Award Timing Disclosure
 12 Months Ended
Dec. 31, 2024
Feb. 08, 2024
USD ($)
shares
$ / shares
Award Timing Disclosures [Line Items]    
Award Timing MNPI Disclosure
Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information
Stock option grants to our NEOs are made annually at the February Compensation and Talent Committee meeting each year, and the grants are effective on the next day after approval by the Board as shown in the Grants of Plan-Based Awards Fiscal Year 2024 Table and as reflected in the table below. It has been the Company’s long-standing practice that stock options are granted on this predetermined schedule. Our policy is to not grant stock options or similar awards in anticipation of the release of material nonpublic information that is likely to result in changes to the price of our common stock, such as a significant positive or negative earnings announcement, and we do not time the public release of such information based on stock option grant dates.
It has also been our longstanding practice to file the Company’s Form 10-K after review and approval by the Board at its February meeting. The Company’s earnings release for the fourth quarter of the prior year is in late January.
During the period covered by this report, we have not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
 
Award Timing Method
Stock option grants to our NEOs are made annually at the February Compensation and Talent Committee meeting each year, and the grants are effective on the next day after approval by the Board as shown in the Grants of Plan-Based Awards Fiscal Year 2024 Table and as reflected in the table below. It has been the Company’s long-standing practice that stock options are granted on this predetermined schedule. Our policy is to not grant stock options or similar awards in anticipation of the release of material nonpublic information that is likely to result in changes to the price of our common stock, such as a significant positive or negative earnings announcement, and we do not time the public release of such information based on stock option grant dates.
It has also been our longstanding practice to file the Company’s Form 10-K after review and approval by the Board at its February meeting. The Company’s earnings release for the fourth quarter of the prior year is in late January.
 
Award Timing Predetermined true  
Award Timing MNPI Considered false  
Award Timing, How MNPI Considered Our policy is to not grant stock options or similar awards in anticipation of the release of material nonpublic information that is likely to result in changes to the price of our common stock, such as a significant positive or negative earnings announcement, and we do not time the public release of such information based on stock option grant dates.
It has also been our longstanding practice to file the Company’s Form 10-K after review and approval by the Board at its February meeting. The Company’s earnings release for the fourth quarter of the prior year is in late January.
During the period covered by this report, we have not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
 
MNPI Disclosure Timed for Compensation Value false  
Awards Close in Time to MNPI Disclosures, Table
Fiscal Year 2024 Grants of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information
During the fiscal year ended 2024, each of our NEOs were awarded options with an effective grant date during any period beginning four business days before the filing or furnishing of a Form 10-Q, Form 10-K or Form 8-K that disclosed material nonpublic information, and ending one business day after the filing or furnishing of such reports, as summarized in the table below:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Grant Date
 
 
Number of Securities
Underlying the Award
 
 
Exercise Price
of the Award
($/Sh)
 
 
Grant Date Fair Value
of the Award
(a)
 
 
Percentage Change in the Closing Market Price of the Securities
Underlying the Award Between the Trading Day Ending
Immediately Prior to the Disclosure of Material Nonpublic
Information and the Trading Day Beginning Immediately
Following the Disclosure of Material Nonpublic Information (b)
V. James Vena
Chief Executive
Officer
 
 
2/8/2024
 
 
77,730
 
 
$248.82
 
 
$4,800,092
 
 
(0.6)%
Jennifer L. Hamann
EVP & Chief
Financial Officer
 
 
2/8/2024
 
 
17,814
 
 
248.82
 
 
1,100,075
 
 
(0.6)%
Elizabeth F. Whited
President
 
 
2/8/2024
 
 
25,911
 
 
248.82
 
 
1,600,092
 
 
(0.6)%
Eric J. Gehringer
EVP Operations
 
 
2/8/2024
 
 
16,194
 
 
248.82
 
 
1,000,035
 
 
(0.6)%
Kenny G. Rocker
EVP Marketing &
Sales
 
 
2/8/2024
 
 
12,957
 
 
248.82
 
 
800,139
 
 
(0.6)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
Amounts reported in this column reflect grant date fair values as calculated in accordance with FASB ASC Topic 718.
(b)
The percentage change was determined using the closing market price of the Company’s common stock on February 8, 2024 of $248.82, which is also the trading day ending immediately prior to the Company’s filing of its 2024 Form 10-K, and the closing stock price of $247.40 on February 12, 2024, the trading day beginning immediately following the filing of the 2024 Form 10-K.
 
V. James Vena [Member]    
Awards Close in Time to MNPI Disclosures    
Name   V. James Vena
Underlying Securities | shares   77,730
Exercise Price | $ / shares   $ 248.82
Fair Value as of Grant Date | $   $ 4,800,092
Underlying Security Market Price Change   (0.006)
Jennifer L. Hamann [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Jennifer L. Hamann
Underlying Securities | shares   17,814
Exercise Price | $ / shares   $ 248.82
Fair Value as of Grant Date | $   $ 1,100,075
Underlying Security Market Price Change   (0.006)
Elizabeth F. Whited [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Elizabeth F. Whited
Underlying Securities | shares   25,911
Exercise Price | $ / shares   $ 248.82
Fair Value as of Grant Date | $   $ 1,600,092
Underlying Security Market Price Change   (0.006)
Eric J. Gehringer [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Eric J. Gehringer
Underlying Securities | shares   16,194
Exercise Price | $ / shares   $ 248.82
Fair Value as of Grant Date | $   $ 1,000,035
Underlying Security Market Price Change   (0.006)
Kenny G. Rocker [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Kenny G. Rocker
Underlying Securities | shares   12,957
Exercise Price | $ / shares   $ 248.82
Fair Value as of Grant Date | $   $ 800,139
Underlying Security Market Price Change   (0.006)