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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

Stock based compensation expense for the years ended December 31, 2022, 2021 and 2020 included as a component of “Selling, general and administrative expenses” was as follows:

			2022						2021						2020
Stock-based compensation			$	117.8					$	123.0					$	108.3
Tax benefit recognized in net earnings			18.6						19.8						17.3

Schedule of Weighted-Average Assumptions of Stock-Based Compensation

The weighted-average fair value of options granted in 2022, 2021 and 2020 were calculated using the following weighted-average assumptions:

			2022						2021						2020
Weighted-average fair value ($)			116.55						95.17						63.22
Risk-free interest rate (%)			2.19						0.94						0.81
Average expected option life (years)			5.63						5.61						5.64
Expected volatility (%)			24.59						25.14						20.39
Expected dividend yield (%)			0.55						0.56						0.62

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, 2022 and 2021:

			Number of shares						Weighted-average exercise price per share						Weighted-average contractual term						Aggregate intrinsic value
Outstanding at December 31, 2020			3.366						$	255.32
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
Granted			0.399						452.08
Exercised			(0.460)						239.11
Canceled			(0.177)						359.06
Outstanding at December 31, 2022			2.985						312.34						6.18						$	366.3
Exercisable at December 31, 2022			1.842						$	256.87					4.90						$	322.8

Schedule of Stock-Based Compensation by Exercise Price Range

The following table summarizes information for stock options outstanding at December 31, 2022:

						Outstanding options																		Exercisable options
Exercise price						Number						Average exercise price						Average remaining life (years)						Number						Average exercise price
$115.22 - $170.66						0.366						$	153.15					2.1						0.366						$	153.15
$170.67 - $267.22						0.326						199.08						4.0						0.324						198.79
$267.23 - $279.28						0.247						273.07						5.5						0.247						273.07
$279.29 - $316.24						0.296						281.55						5.3						0.289						280.89
$316.25 -$324.71						0.435						323.09						7.2						0.209						323.09
$324.72 - $347.81						0.333						327.22						6.2						0.332						327.19
$347.82 - $398.19						0.160						372.19						7.0						0.069						368.53
$398.20 - $413.85						0.425						403.57						8.2						—						—
$413.86 - $491.86						0.397						453.54						9.2						0.006						450.17
$115.22 - $491.86						2.985						$	312.34					6.2						1.842						$	256.87

Schedule of Nonvested Restricted Stock Awards Activity

A summary of the Company’s nonvested shares activity for 2022 and 2021 is as follows:

			Number of shares						Weighted-average grant date fair value
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
Granted			0.271						446.42
Vested			(0.272)						360.14
Forfeited			(0.052)						386.06
Nonvested at December 31, 2022			0.445						$	416.00

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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