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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | Stock based compensation expense for the years ended December 31, 2021, 2020 and 2019 included as a component of “Selling, general and administrative expenses” was as follows:
| 2021 |  | 2020 |  | 2019
Stock based compensation | $ | 136.1 |  |  | $ | 117.0 |  |  | $ | 101.2 |
Tax benefit recognized in net earnings | 28.6 |  |  | 24.6 |  |  | 21.3 |
Schedule of Weighted-Average Assumptions of Stock-Based Compensation | The weighted-average fair value of options granted in 2021, 2020 and 2019 were calculated using the following weighted-average assumptions:
| 2021 |  | 2020 |  | 2019
Weighted-average fair value ($) | 95.17 |  |  | 63.22 |  |  | 68.05 |
Risk-free interest rate (%) | 0.94 |  |  | 0.81 |  |  | 2.37 |
Average expected option life (years) | 5.61 |  | 5.64 |  | 5.42
Expected volatility (%) | 25.14 |  |  | 20.39 |  |  | 19.22 |
Expected dividend yield (%) | 0.56 |  |  | 0.62 |  |  | 0.58 |
Schedule of Share-Based Compensation Activity | The following table summarizes the Company’s activities with respect to its share-based compensation plans for the years ended December 31, 2021 and 2020:
| Number of shares |  | Weighted-average exercise price per share |  | Weighted-average contractual term |  | Aggregate intrinsic value
Outstanding at December 31, 2019 | 3.349 |  |  | $ | 219.40 |  |  |  |  |
Granted | 0.762 |  |  | 333.45 |  |  |  |  |
Exercised | (0.670) |  |  | 157.85 |  |  |  |  |
Canceled | (0.075) |  |  | 304.56 |  |  |  |  |
Outstanding at December 31, 2020 | 3.366 |  |  | 255.32 |  |  | 6.79 |  | $ | 591.7 |
Granted | 0.516 |  |  | 405.20 |  |  |  |  |
Exercised | (0.537) |  |  | 195.07 |  |  |  |  |
Canceled | (0.122) |  |  | 312.97 |  |  |  |  |
Outstanding at December 31, 2021 | 3.223 |  |  | 287.15 |  |  | 6.61 |  | $ | 659.9 |
Exercisable at December 31, 2021 | 1.480 |  |  | $ | 219.68 |  |  | 4.90 |  | $ | 402.8 |
Schedule of Stock-Based Compensation by Exercise Price Range | The following table summarizes information for stock options outstanding at December 31, 2021:
|  | Outstanding options |  | Exercisable options
Exercise price |  | Number |  | Average exercise price |  | Average remaining life (years) |  | Number |  | Average exercise price
$93.62 - $166.19 |  | 0.359 |  |  | $ | 141.69 |  |  | 2.4 |  | 0.359 |  |  | $ | 141.69 |
$166.20 - $208.79 |  | 0.353 |  |  | 177.69 |  |  | 4.5 |  | 0.353 |  |  | 177.69 |
$208.80 - $275.58 |  | 0.338 |  |  | 236.24 |  |  | 5.9 |  | 0.247 |  |  | 223.79 |
$275.59 - $279.44 |  | 0.447 |  |  | 278.40 |  |  | 6.2 |  | 0.264 |  |  | 277.77 |
$279.45 -$323.36 |  | 0.617 |  |  | 319.40 |  |  | 8.1 |  | 0.046 |  |  | 287.89 |
$323.37 - $327.91 |  | 0.397 |  |  | 326.32 |  |  | 7.2 |  | 0.176 |  |  | 326.32 |
$327.92 - $398.19 |  | 0.204 |  |  | 366.45 |  |  | 7.9 |  | 0.035 |  |  | 351.25 |
$398.20 - $407.21 |  | 0.403 |  |  | 401.27 |  |  | 9.2 |  | — |  |  | — |
$407.22 - $491.86 |  | 0.105 |  |  | 422.59 |  |  | 9.1 |  | — |  |  | — |
$93.62 - $491.86 |  | 3.223 |  |  | $ | 287.15 |  |  | 6.6 |  | 1.480 |  |  | $ | 219.68 |
Schedule of Nonvested Restricted Stock Awards Activity | A summary of the Company’s nonvested shares activity for 2021 and 2020 is as follows:
| Number of shares |  | Weighted-average grant date fair value
Nonvested at December 31, 2019 | 0.709 |  |  | $ | 275.00 |
Granted | 0.285 |  |  | 358.07 |
Vested | (0.308) |  |  | 254.02 |
Forfeited | (0.085) |  |  | 309.28 |
Nonvested at December 31, 2020 | 0.601 |  |  | $ | 320.36 |
Granted | 0.228 |  |  | 409.36 |
Vested | (0.294) |  |  | 308.79 |
Forfeited | (0.037) |  |  | 350.53 |
Nonvested at December 31, 2021 | 0.498 |  |  | $ | 365.79 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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