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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

As of December 31, 2021, we had the following outstanding RPUs, including reinvested dividends, granted under the MIP:

			RPUs (in thousands)						Weighted-Average Grant Date Fair Value
Non-vested as of January 1, 2021			2,293						$	102.91
Vested			(5,452)						109.35
Granted			6,618						165.27
Reinvested Dividends			129						N/A
Forfeited / Expired			(121)						159.78
Non-vested as of December 31, 2021			3,467						$	163.32

Schedule of Share-based Payment Award, Performance Units, Valuation Assumptions [Table Text Block]

The weighted-average assumptions used in our Monte Carlo models for each award year were as follows:

			2021						2020						2019
Risk-free interest rate			0.19		%				0.15		%				2.23		%
Expected volatility			30.70		%				27.53		%				19.64		%
Weighted-average fair value of units granted			$	168.05					$	92.77					$	123.44
Share payout			102.39		%				101.00		%				115.04		%

Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]

As of December 31, 2021, we had the following RPUs outstanding, including reinvested dividends, that were granted under our LTIP program:

			RPUs (in thousands)						Weighted-Average Grant Date Fair Value
Non-vested as of January 1, 2021			1,004						$	104.15
Vested			(919)						115.40
Granted			1,659						168.10
Reinvested Dividends			50						N/A
Forfeited / Expired			(158)						149.90
Non-vested as of December 31, 2021			1,636						$	159.34

Share-based Payment Arrangement, Option, Activity [Table Text Block]

The following is an analysis of options to purchase shares of class A common stock issued and outstanding:

			Options (in thousands)						Weighted-Average Exercise Price						Weighted-Average  Remaining Contractual Term (in years)						Aggregate Intrinsic Value (in millions)
Outstanding at January 1, 2021			1,564						$	103.60
Exercised			(176)						99.74
Granted			211						165.58
Forfeited / Expired			—						—
Outstanding as of December 31, 2021			1,599						$	112.18					6.46						$	163
Options Vested and Expected to Vest			1,599						$	112.18					6.46						$	163
Exercisable as of December 31, 2021			1,050						$	104.15					5.52						$	116

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of each option grant is estimated using the Black-Scholes option pricing model. The weighted-average assumptions used by year, and the calculated weighted-average fair values of options, are as follows:

			2021						2020						2019
Expected dividend yield			3.31		%				3.51		%				2.94		%
Risk-free interest rate			0.84		%				1.26		%				2.60		%
Expected life in years			7.5						7.5						7.5
Expected volatility			23.15		%				19.25		%				17.79		%
Weighted-average fair value of options granted			$	23.71					$	11.74					$	16.34

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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