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Stock-Based Compensation (Tables)

12 Months Ended

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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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 the changes in outstanding nonvested restricted stock units.

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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.

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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.

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