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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense for the years ended December 31, 2024, 2023, and 2022, included as a component of “Selling, general and administrative expenses,” was as follows:

			2024						2023						2022
Stock-based compensation			$	145.9					$	123.5					$	117.8
Tax benefit recognized in net earnings			$	24.8					$	20.4					$	18.6

Schedule of Weighted-Average Assumptions of Share-Based Compensation

The weighted-average fair value of options granted in 2024, 2023, and 2022 were calculated using the following weighted average assumptions:

			2024						2023						2022
Weighted-average fair value ($)			173.21						130.23						116.55
Risk-free interest rate (%)			4.15						3.76						2.19
Expected option life (years)			5.73						5.61						5.63
Expected volatility (%)			25.54						26.05						24.59
Expected dividend yield (%)			0.51						0.63						0.55

The fair value of performance-based restricted stock awards subject to a market modifier granted in 2024 was determined using the following weighted average assumptions:

			2024
Weighted-average grant date fair value ($)			563.00
Risk-free interest rate (%)			4.30
Expected term (years)			2.80
Expected volatility (%)			20.12
Expected dividend yield (%)			0.50

Schedule of Stock Options 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, 2024 and 2023:

			Number of options						Weighted-average exercise price						Weighted-average remaining contractual term (years)						Aggregate intrinsic value
Outstanding at December 31, 2022			2.985						$	312.34
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
Granted			0.286						$	553.79
Exercised			(0.422)						$	298.04
Canceled			(0.072)						$	468.72
Outstanding at December 31, 2024			2.480						$	368.57					5.37						$	384.4
Exercisable at December 31, 2024			1.688						$	316.77					4.03						$	342.9

Schedule of Restricted Stock Award Activity

The following table summarizes the Company’s restricted stock award activity during 2024 and 2023:

															Number of shares						Weighted-average grant date fair value
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
Granted															0.402						$	552.94
Vested															(0.229)						$	445.87
Forfeited															(0.058)						$	522.46
Nonvested at December 31, 2024															0.555						$	515.77

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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 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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