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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | Stock-based compensation expense for the years ended December 31, 2023, 2022, and 2021 included as a component of “Selling, general and administrative expenses” was as follows:
| 2023 |  | 2022 |  | 2021
Stock-based compensation | $ | 123.5 |  |  | $ | 117.8 |  |  | $ | 123.0 |
Tax benefit recognized in net earnings | 20.4 |  |  | 18.6 |  |  | 19.8 |
Schedule of Weighted-Average Assumptions of Stock-Based Compensation | The weighted-average fair value of options granted in 2023, 2022, and 2021 were calculated using the following weighted average assumptions:
| 2023 |  | 2022 |  | 2021
Weighted-average fair value ($) | 130.23 |  |  | 116.55 |  |  | 95.17 |
Risk-free interest rate (%) | 3.76 |  |  | 2.19 |  |  | 0.94 |
Expected option life (years) | 5.61 |  | 5.63 |  | 5.61
Expected volatility (%) | 26.05 |  |  | 24.59 |  |  | 25.14 |
Expected dividend yield (%) | 0.63 |  |  | 0.55 |  |  | 0.56 |
Schedule of Share-Based Compensation Activity | The following table summarizes stock option activities, with respect to the Company’s share-based compensation plans, for the years ended December 31, 2023 and 2022:
| Number of options |  | Weighted-average exercise price |  | Weighted-average remaining contractual term (years) |  | Aggregate intrinsic value
Outstanding at December 31, 2021 | 3.223 |  |  | $ | 287.15 |  |  |  |  |
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 |
Granted | 0.383 |  |  | 432.77 |  |  |  |  |
Exercised | (0.593) |  |  | 246.77 |  |  |  |  |
Canceled | (0.087) |  |  | 425.80 |  |  |  |  |
Outstanding at December 31, 2023 | 2.688 |  |  | 340.89 |  |  | 6.00 |  | $ | 549.1 |
Exercisable at December 31, 2023 | 1.763 |  |  | $ | 291.74 |  |  | 4.75 |  | $ | 446.7 |
Schedule of Nonvested Restricted Stock Awards Activity | A summary of the Company’s nonvested shares activity for 2023 and 2022 is as follows:
| Number of shares |  | Weighted-average grant date fair value
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 |
Granted | 0.280 |  |  | 439.72 |
Vested | (0.202) |  |  | 406.36 |
Forfeited | (0.083) |  |  | 434.87 |
Nonvested at December 31, 2023 | 0.440 |  |  | $ | 431.96 |

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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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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