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SHARE-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Weighted Averages of the Assumptions Used in Estimating the Fair Value of Stock Option Awards | The weighted averages of the valuation assumptions used to determine the fair value of each option award on the date of grant and the weighted average estimated fair values were as follows:
| For the Three Months Ended March 31,
| 2024 |  | 2023
Expected stock price volatility | 32 | % |  | 32 | %
Expected term, in years | 7.0 |  | 6.7
Risk-free interest rate | 4.3 | % |  | 3.7 | %
Weighted average fair value of options granted | $ | 241.72 |  |  | $ | 201.71 |

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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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