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SHARE-BASED AWARDS AND OPTIONS (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Expense

The following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options:

			Years Ended December 31,
			2022						2021						2020
			(in thousands)
Share-based compensation expense			$	163,261					$	180,779					$	148,792
Income tax benefit			$	38,059					$	42,870					$	33,530

Schedule of Changes in Unvested Restricted Stock Awards and Performance Units

The following table summarizes the changes in unvested restricted stock awards and performance units for the years ended December 31, 2022, 2021 and 2020:

						Shares						Weighted-Average Grant-Date Fair Value
						(in thousands)
Unvested at December 31, 2019						1,844						$149.96
Granted						607						191.20
Vested						(835)						128.91
Forfeited						(70)						168.40
Unvested at December 31, 2020						1,546						176.71
Granted						1,465						192.19
Vested						(1,263)						154.06
Forfeited						(108)						181.61
Unvested at December 31, 2021						1,640						184.90
Granted						1,496						137.51
Vested						(756)						170.79
Forfeited						(235)						164.06
Unvested at December 31, 2022						2,145						$159.04

Schedule of Changes in Stock Option Activity

The following table summarizes changes in stock option activity for the years ended December 31, 2022, 2021 and 2020: 

			Options						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Term						Aggregate Intrinsic Value
			(in thousands)												(years)						(in millions)
Outstanding at December 31, 2019			1,755						$74.06						6.5						$190.3
Granted			124						200.42
Forfeited			(3)						112.85
Exercised			(623)						59.78												85.8
Outstanding at December 31, 2020			1,253						93.66						6.3						152.6
Granted			112						196.06
Forfeited			(1)						113.48
Exercised			(192)						68.42												24.1
Outstanding at December 31, 2021			1,172						107.44						5.8						47.4
Granted			154						$136.02
Forfeited			(89)						$147.65
Exercised			(98)						$65.69												5.5
Outstanding at December 31, 2022			1,139						$111.75						5.4						$17.3
Options vested and exercisable at December 31, 2022			907						$98.76						4.5						$17.3

Schedule of Fair Valuation Assumptions

Fair value was estimated on the date of grant using the Black-Scholes valuation model with the following weighted-average assumptions:

			Years Ended December 31,
			2022						2021						2020
Risk-free interest rate			1.87		%				0.59		%				1.24		%
Expected volatility			40		%				40		%				30		%
Dividend yield			0.56		%				0.44		%				0.39		%
Expected term (years)			5						5						5

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested shares.

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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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