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SHARE-BASED AWARDS AND OPTIONS (Tables)

12 Months Ended

Dec. 31, 2023

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,
			2023						2022						2021
			(in thousands)
Share-based compensation expense			$	208,994					$	163,261					$	180,779
Income tax benefit			$	48,446					$	38,059					$	42,870

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, 2023, 2022 and 2021:

						Shares						Weighted-Average Grant-Date Fair Value
						(in thousands)
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
Replacement Awards						202						98.44
Granted						1,322						112.81
Vested						(1,041)						157.33
Forfeited						(147)						128.18
Unvested at December 31, 2023						2,481						$131.41

Schedule of Changes in Stock Option Activity

The following table summarizes changes in stock option activity for the years ended December 31, 2023, 2022 and 2021: 

			Options						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Term						Aggregate Intrinsic Value
			(in thousands)												(years)						(in millions)
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
Replacement Awards			142						98.44
Granted			233						110.83
Forfeited			(297)						155.35
Exercised			(296)						89.08												9.4
Outstanding at December 31, 2023			921						$99.54						5.0						$32.1
Options vested and exercisable at December 31, 2023			647						$96.41						3.6						$25.3

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,
			2023						2022						2021
Risk-free interest rate			3.84%						1.87%						0.59%
Expected volatility			45%						40%						40%
Dividend yield			0.81%						0.56%						0.44%
Expected term (years)			5						5						5

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