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Pay vs Performance Disclosure - USD ($)
5 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2021
Jun. 25, 2021
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
Pay versus Performance
As required by Section 953(a) of the Dodd-Frank Act and Item 402(v) of Regulation
S-K,
we are providing the fo
llow
ing pay versus performance (“PVP”) table and related information, including “compensation actually paid” (as defined by the SEC and further described below) or “CAP”. For details about the Company’s
pay-for-performance
philosophy and how the Compensation Committee makes its decisions about executive pay, you should refer to the CD&A.
PVP Table
 
                                           
Value of Initial Fixed $100
Investment Based On:
        
Year
  
SCT Total
for PEO
(Slager)
(1)
    
CAP to PEO
(Slager)
 (1) (2)
    
SCT total
for PEO
(Vander
Ark)
(3)
   
CAP to PEO
(Vander
Ark)
(2) (3)
   
Average
SCT Total
for
Non-PEO
NEOs
(4)
    
Average
CAP to
Non-PEO
NEOs
(2)
(4)
   
Total
Shareholder
Return
    
Peer
Group
(5)
Total
Shareholder
Return
    
Net
Income
    
Adjusted
Free Cash
Flow
(6)
 
2024
  
 
N/A
 
  
 
N/A
 
  
$
12,977,475
 
 
$
20,468,108
 
 
$
3,294,095
 
  
$
4,864,144
 
 
$
240.89
 
  
$
159.72
 
  
$
2,043
 
  
$
2,183
 
2023
  
 
N/A
 
  
 
N/A
 
  
$
11,834,857
(7)
 
 
$
18,731,525
(7)
 
 
$
3,422,399
 
  
$
3,871,169
(7)
 
 
$
195.82
 
  
$
147.45
 
  
$
1,731
 
  
$
1,985
 
2022
  
 
N/A
 
  
 
N/A
 
  
$
9,914,945
(7)
 
 
$
11,495,079
(7)
 
 
$
3,405,936
 
  
$
3,591,775
 
 
$
151.08
 
  
$
129.72
 
  
$
1,488
 
  
$
1,742
 
2021
  
$
15,027,945
 
  
$
35,683,981
 
  
$
7,873,660
 
 
$
18,049,268
 
 
$
3,365,003
 
  
$
6,844,632
 
 
$
161.01
 
  
$
142.01
 
  
$
1,290
 
  
$
1,515
 
2020
  
$
12,937,163
 
  
$
13,522,931
 
  
 
N/A
 
 
 
N/A
 
 
$
3,126,908
 
  
$
3,370,672
 
 
$
109.52
 
  
$
119.37
 
  
$
967
 
  
$
1,236
 
(1)
 
Reflects compensation for our former Chief Executive Officer, Mr. Slager, who served as our Principal Executive Officer (PEO) throughout 2020 and part of 2021 until his retirement effective June 25, 2021.
(2)
 
CAP is calculated by making the following adjustments from the SCT totals as follows:
PEOs:
 
Item and Value Added (Deducted)
 
2024
Vander
Ark
   
2023
Vander
Ark
   
2022
Vander
Ark
   
2021
Vander
Ark
   
2021
Slager
   
2020
  Slager  
 
Summary Compensation Table Total
 
$
12,977,475
 
 
$
11,834,857
 
 
$
9,914,945
 
 
$
7,873,660
 
 
$
15,027,945
 
 
$
12,937,163
 
- SCT Stock Awards Column Value
 
($
8,634,319
 
($
7,842,000
 
($
5,660,534
 
($
4,613,538
 
($
10,004,991
 
($
9,159,438
+
Year-End
Fair Value of Outstanding Equity Awards Granted in Covered Year
 
$
10,058,007
 
 
$
9,643,993
 
 
$
6,862,648
 
 
$
8,543,250
 
 
$
14,959,599
 
 
$
7,904,205
 
+/- Change in Fair Value of Outstanding Equity Awards Granted in Prior Years
 
$
3,411,151
 
 
$
2,669,353
 
 
($
131,216
 
$
5,164,238
 
 
$
4,211,103
 
 
$
516,319
 
+/- Change in Fair Value of Prior-Year Equity Awards Vested in Covered Year
 
$
2,343,100
 
 
$
2,126,092
 
 
($
686,831
 
$
902,692
 
 
$
5,695,213
 
 
$
503,251
 
+ Fair Value as of Vesting Date of Equity Awards Granted and Vested in Covered Year
 
$
0
 
 
$
0
 
 
$
0
 
 
$
0
 
 
$
4,521,132
 
 
$
0
 
+ Average Value of Dividends Paid on Equity Awards not Otherwise Reflected in Fair Value of Total Compensation
 
$
312,694
 
 
$
299,230
 
 
$
1,196,067
 
 
$
178,966
 
 
$
1,273,980
 
 
$
821,431
 
Compensation Actually Paid
 
$
20,468,108
 
 
$
18,731,525
 
 
$
11,495,079
 
 
$
18,049,268
 
 
$
35,683,981
 
 
$
13,522,931
 
Average
Non-PEO
NEOs:
 
Item and Value Added (Deducted)
  
2024
   
2023
   
2022
   
2021
   
  2020  
 
Summary Compensation Table Total
  
$
3,294,095
 
 
$
3,422,399
 
 
$
3,405,936
 
 
$
3,365,003
 
 
$
3,126,908
 
- SCT Stock Awards Column Value
  
($
1,742,349
 
($
1,751,778
 
($
1,670,511
 
($
1,673,751
 
($
1,717,272
+
Year-End
Fair Value of Outstanding Equity Awards Granted in Covered Year
  
$
2,020,309
 
 
$
1,550,800
 
 
$
1,928,470
 
 
$
3,219,620
 
 
$
1,503,029
 
+/- Change in Fair Value of Outstanding Equity Awards Granted in Prior Years
  
$
729,628
 
 
$
571,552
 
 
($
75,670
 
$
1,458,159
 
 
$
255,451
 
+/- Change in Fair Value of Prior-Year Equity Awards Vested in Covered Year
  
$
482,935
 
 
$
594,990
 
 
($
232,884
 
$
380,189
 
 
$
86,107
 
+/- Change in Fair Value at the end of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year
  
$
0
 
 
($
607,379
 
$
0
 
 
$
0
 
 
$
0
 
+ Average Value of Dividends Paid on Equity Awards not Otherwise Reflected in Fair Value of Total Compensation
  
$
79,525
 
 
$
90,585
 
 
$
236,434
 
 
$
95,412
 
 
$
116,450
 
Compensation Actually Paid
  
$
4,864,144
 
 
$
3,871,169
 
 
$
3,591,775
 
 
$
6,844,632
 
 
$
3,370,672
 
Pay versus performance measurement date fair values were determined based on the same methodology used for grant date fair value purposes. Restricted stock units were valued based on the closing stock price on the relevant measurement date. Performance stock units were valued using a fair value per share determined using a Monte Carlo model run on the relevant measurement date. On the vesting date, the final payout factor is applied to the closing stock price on that date.
 
 
 
(3)
 
Reflects compensation for our President and Chief Executive Officer, Mr. Vander Ark, who has served as our PEO since June 25, 2021. The compensation reflected includes Mr. Vander Ark’s pay as a
non-PEO
NEO in 2021.
 
(4)
 
The Company’s
non-PEO
NEOs for 2020-2024 were:
2020:     Brian M. DelGhiaccio, Catharine D. Ellingsen, Charles F. Serianni, Timothy E. Stuart and Jon Vander Ark
2021:     Brian M. DelGhiaccio, Catharine D. Ellingsen, Jeffrey A. Hughes and Timothy E. Stuart
2022:     Brian M. DelGhiaccio, Brian A. Bales, Catharine D. Ellingsen and Timothy E. Stuart
2023:     Brian M. DelGhiaccio, Brian A. Bales, Gregg K. Brummer, Catharine D. Ellingsen and Timothy E. Stuart
2024:     Brian M. DelGhiaccio, Brian A. Bales, Gregg K. Brummer and Catharine D. Ellingsen
 
(5)
 
The Company has used its peer group from the CD&A for purposes of this comparison. The companies that comprised the peer group selected by the Talent & Compensation Committee in our CD&A were as follows:
 
            Air Products and Chemicals, Inc., American Electric Power Company, Inc., Canadian National Railway Company, Canadian Pacific Kansas City Limited (formerly Canadian Pacific Railway Limited), Cintas Corporation, CSX Corporation, Ecolab Inc., Entergy Corporation, Fastenal Company, FedEx Corporation, J.B. Hunt Transport Services, Inc., Norfolk Southern Corporation, Ryder System, Inc., Sysco Corporation, W.W. Grainger, Inc., Waste Connections, Inc. and Waste Management, Inc.
 
(6)
 
The Company Selected Measure is adjusted free cash flow, as described in the CD&A section. Adjusted free cash flow is a
non-GAAP
financial measure. For a reconciliation of adjusted free cash flow to its comparable GAAP measure, see “Reconciliation of GAAP to
Non-GAAP
Financial Measures” in the Annex on page 101.
 
(7)
 
For 2022 and 2023, SCT totals for PEO (Vander Ark) reflect recalculation of “All Other Compensation” relating to use of Company-owned aircraft in accordance with SEC rules and for 2023, Average CAP to Non-PEO NEOs reflects a recalculation of the fair value of equity awards to conform to the stated vesting of those awards.
       
Company Selected Measure Name     adjusted free cash flow        
Named Executive Officers, Footnote    
 
(4)
 
The Company’s
non-PEO
NEOs for 2020-2024 were:
2020:     Brian M. DelGhiaccio, Catharine D. Ellingsen, Charles F. Serianni, Timothy E. Stuart and Jon Vander Ark
2021:     Brian M. DelGhiaccio, Catharine D. Ellingsen, Jeffrey A. Hughes and Timothy E. Stuart
2022:     Brian M. DelGhiaccio, Brian A. Bales, Catharine D. Ellingsen and Timothy E. Stuart
2023:     Brian M. DelGhiaccio, Brian A. Bales, Gregg K. Brummer, Catharine D. Ellingsen and Timothy E. Stuart
2024:     Brian M. DelGhiaccio, Brian A. Bales, Gregg K. Brummer and Catharine D. Ellingsen
       
Peer Group Issuers, Footnote    
 
(5)
 
The Company has used its peer group from the CD&A for purposes of this comparison. The companies that comprised the peer group selected by the Talent & Compensation Committee in our CD&A were as follows:
 
            Air Products and Chemicals, Inc., American Electric Power Company, Inc., Canadian National Railway Company, Canadian Pacific Kansas City Limited (formerly Canadian Pacific Railway Limited), Cintas Corporation, CSX Corporation, Ecolab Inc., Entergy Corporation, Fastenal Company, FedEx Corporation, J.B. Hunt Transport Services, Inc., Norfolk Southern Corporation, Ryder System, Inc., Sysco Corporation, W.W. Grainger, Inc., Waste Connections, Inc. and Waste Management, Inc.
       
Adjustment To PEO Compensation, Footnote    
PEOs:
 
Item and Value Added (Deducted)
 
2024
Vander
Ark
   
2023
Vander
Ark
   
2022
Vander
Ark
   
2021
Vander
Ark
   
2021
Slager
   
2020
  Slager  
 
Summary Compensation Table Total
 
$
12,977,475
 
 
$
11,834,857
 
 
$
9,914,945
 
 
$
7,873,660
 
 
$
15,027,945
 
 
$
12,937,163
 
- SCT Stock Awards Column Value
 
($
8,634,319
 
($
7,842,000
 
($
5,660,534
 
($
4,613,538
 
($
10,004,991
 
($
9,159,438
+
Year-End
Fair Value of Outstanding Equity Awards Granted in Covered Year
 
$
10,058,007
 
 
$
9,643,993
 
 
$
6,862,648
 
 
$
8,543,250
 
 
$
14,959,599
 
 
$
7,904,205
 
+/- Change in Fair Value of Outstanding Equity Awards Granted in Prior Years
 
$
3,411,151
 
 
$
2,669,353
 
 
($
131,216
 
$
5,164,238
 
 
$
4,211,103
 
 
$
516,319
 
+/- Change in Fair Value of Prior-Year Equity Awards Vested in Covered Year
 
$
2,343,100
 
 
$
2,126,092
 
 
($
686,831
 
$
902,692
 
 
$
5,695,213
 
 
$
503,251
 
+ Fair Value as of Vesting Date of Equity Awards Granted and Vested in Covered Year
 
$
0
 
 
$
0
 
 
$
0
 
 
$
0
 
 
$
4,521,132
 
 
$
0
 
+ Average Value of Dividends Paid on Equity Awards not Otherwise Reflected in Fair Value of Total Compensation
 
$
312,694
 
 
$
299,230
 
 
$
1,196,067
 
 
$
178,966
 
 
$
1,273,980
 
 
$
821,431
 
Compensation Actually Paid
 
$
20,468,108
 
 
$
18,731,525
 
 
$
11,495,079
 
 
$
18,049,268
 
 
$
35,683,981
 
 
$
13,522,931
 
       
Non-PEO NEO Average Total Compensation Amount     $ 3,294,095 $ 3,422,399 $ 3,405,936 $ 3,365,003 $ 3,126,908
Non-PEO NEO Average Compensation Actually Paid Amount     $ 4,864,144 3,871,169 3,591,775 6,844,632 3,370,672
Adjustment to Non-PEO NEO Compensation Footnote    
Average
Non-PEO
NEOs:
 
Item and Value Added (Deducted)
  
2024
   
2023
   
2022
   
2021
   
  2020  
 
Summary Compensation Table Total
  
$
3,294,095
 
 
$
3,422,399
 
 
$
3,405,936
 
 
$
3,365,003
 
 
$
3,126,908
 
- SCT Stock Awards Column Value
  
($
1,742,349
 
($
1,751,778
 
($
1,670,511
 
($
1,673,751
 
($
1,717,272
+
Year-End
Fair Value of Outstanding Equity Awards Granted in Covered Year
  
$
2,020,309
 
 
$
1,550,800
 
 
$
1,928,470
 
 
$
3,219,620
 
 
$
1,503,029
 
+/- Change in Fair Value of Outstanding Equity Awards Granted in Prior Years
  
$
729,628
 
 
$
571,552
 
 
($
75,670
 
$
1,458,159
 
 
$
255,451
 
+/- Change in Fair Value of Prior-Year Equity Awards Vested in Covered Year
  
$
482,935
 
 
$
594,990
 
 
($
232,884
 
$
380,189
 
 
$
86,107
 
+/- Change in Fair Value at the end of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year
  
$
0
 
 
($
607,379
 
$
0
 
 
$
0
 
 
$
0
 
+ Average Value of Dividends Paid on Equity Awards not Otherwise Reflected in Fair Value of Total Compensation
  
$
79,525
 
 
$
90,585
 
 
$
236,434
 
 
$
95,412
 
 
$
116,450
 
Compensation Actually Paid
  
$
4,864,144
 
 
$
3,871,169
 
 
$
3,591,775
 
 
$
6,844,632
 
 
$
3,370,672
 
       
Equity Valuation Assumption Difference, Footnote     Pay versus performance measurement date fair values were determined based on the same methodology used for grant date fair value purposes. Restricted stock units were valued based on the closing stock price on the relevant measurement date. Performance stock units were valued using a fair value per share determined using a Monte Carlo model run on the relevant measurement date. On the vesting date, the final payout factor is applied to the closing stock price on that date.        
Compensation Actually Paid vs. Total Shareholder Return            
Compensation Actually Paid vs. Net Income            
Compensation Actually Paid vs. Company Selected Measure            
Total Shareholder Return Vs Peer Group            
Tabular List, Table    
Tabular List of Company Performance Measures
The table below lists in alphabetical order the financial performance measures that we believe represent the most important performance measures used to link CAP to our named executive officers to our performance for the most recently completed fiscal year. See our CD&A at pages 60-75 for a further discussion of these performance measures.
Adjusted Earnings Per Share
Adjusted Free Cash Flow
Cash Flow Value Creation
Return on Invested Capital
Total Shareholder Return
For a more comprehensive discussion of how the Talent & Compensation Committee views the relationship between named executive officer pay and performance, please see our CD&A at pages 60-75 of this Proxy Statement.
       
Total Shareholder Return Amount     $ 240.89 195.82 151.08 161.01 109.52
Peer Group Total Shareholder Return Amount     159.72 147.45 129.72 142.01 119.37
Net Income (Loss)     $ 2,043 $ 1,731 $ 1,488 $ 1,290 $ 967
Company Selected Measure Amount     2,183 1,985 1,742 1,515 1,236
Measure:: 1              
Pay vs Performance Disclosure              
Name     Adjusted Earnings Per Share        
Non-GAAP Measure Description     The Company Selected Measure is adjusted free cash flow, as described in the CD&A section. Adjusted free cash flow is a
non-GAAP
financial measure. For a reconciliation of adjusted free cash flow to its comparable GAAP measure, see “Reconciliation of GAAP to
Non-GAAP
Financial Measures” in the Annex on page 101.
       
Measure:: 2              
Pay vs Performance Disclosure              
Name     Adjusted Free Cash Flow        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Cash Flow Value Creation        
Measure:: 4              
Pay vs Performance Disclosure              
Name     Return on Invested Capital        
Measure:: 5              
Pay vs Performance Disclosure              
Name     Total Shareholder Return        
Mr. Vander Ark [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 12,977,475 $ 11,834,857 $ 9,914,945 $ 7,873,660  
PEO Actually Paid Compensation Amount     $ 20,468,108 $ 18,731,525 $ 11,495,079 18,049,268  
PEO Name Mr. Vander Ark   Mr. Vander Ark Mr. Vander Ark Mr. Vander Ark    
Mr. Slager [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount           15,027,945 $ 12,937,163
PEO Actually Paid Compensation Amount           $ 35,683,981 13,522,931
PEO Name   Mr. Slager       Mr. Slager  
PEO | Mr. Vander Ark [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 10,058,007 $ 9,643,993 $ 6,862,648 $ 8,543,250  
PEO | Mr. Vander Ark [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     3,411,151 2,669,353 (131,216) 5,164,238  
PEO | Mr. Vander Ark [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0  
PEO | Mr. Vander Ark [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     2,343,100 2,126,092 (686,831) 902,692  
PEO | Mr. Vander Ark [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     312,694 299,230 1,196,067 178,966  
PEO | Mr. Vander Ark [Member] | Stock Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (8,634,319) (7,842,000) (5,660,534) (4,613,538)  
PEO | Mr. Slager [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount           14,959,599 7,904,205
PEO | Mr. Slager [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount           4,211,103 516,319
PEO | Mr. Slager [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount           4,521,132 0
PEO | Mr. Slager [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount           5,695,213 503,251
PEO | Mr. Slager [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount           1,273,980 821,431
PEO | Mr. Slager [Member] | Stock Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount           (10,004,991) (9,159,438)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     2,020,309 1,550,800 1,928,470 3,219,620 1,503,029
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     729,628 571,552 (75,670) 1,458,159 255,451
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 (607,379) 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     482,935 594,990 (232,884) 380,189 86,107
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     79,525 90,585 236,434 95,412 116,450
Non-PEO NEO | Stock Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ (1,742,349) $ (1,751,778) $ (1,670,511) $ (1,673,751) $ (1,717,272)