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LONG-TERM INCENTIVE COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Summary of Stock-Based Compensation Expense and the Related Recognized Tax Benefit | Stock-based compensation expense and the related recognized tax benefit were as follows:
(In millions) |  | 2022 |  | 2021 |  | 2020
Stock-based compensation expense |  | $ | 47.4 |  |  | $ | 37.2 |  |  | $ | 24.0 |
Tax benefit |  | 6.7 |  |  | 4.6 |  |  | 2.9 |
Summary of Information Related to Stock Options | The following table summarizes information related to stock options:
|  | Number of options (in thousands) |  | Weighted average exercise price |  | Weighted average remaining contractual life (in years) |  | Aggregate intrinsic value (in millions)
Outstanding at January 1, 2022 |  | 142.0 |  |  | $ | 73.76 |  |  | 4.40 |  | $ | 20.3 |
Exercised |  | (.9) |  |  | 40.33 |  |  |  |  |
Outstanding at December 31, 2022 |  | 141.1 |  |  | $ | 73.96 |  |  | 3.42 |  | $ | 15.1 |
Options vested and expected to vest at December 31, 2022 |  | 141.1 |  |  | 73.76 |  |  | 3.42 |  | 15.1 |
Options exercisable at December 31, 2022 |  | 141.1 |  |  | $ | 73.96 |  |  | 3.42 |  | $ | 15.1 |
Summary of Information Related to Awarded PUs | The following table summarizes information related to awarded PUs:
|  | Number of PUs (in thousands) |  | Weighted average grant-date fair value
Unvested at January 1, 2022 |  | 322.1 |  |  | $ | 127.33 |
Granted at target |  | 159.7 |  |  | 163.97 |
Adjustment for above-target performance(1) |  | 78.1 |  |  | 110.41 |
Vested |  | (182.7) |  |  | 110.41 |
Forfeited/cancelled |  | (4.5) |  |  | 152.27 |
Unvested at December 31, 2022 |  | 372.7 |  |  | $ | 147.45 |
Summary of Information Related to Awarded MSUs | The following table summarizes information related to awarded MSUs:
|  | Number of MSUs (in thousands) |  | Weighted average grant- date fair value
Unvested at January 1, 2022 |  | 195.2 |  |  | $ | 143.16 |
Granted at target |  | 100.5 |  |  | 141.80 |
Adjustments for above-target performance(1) |  | 69.2 |  |  | 127.45 |
Vested |  | (153.0) |  |  | 130.34 |
Forfeited/cancelled |  | (3.4) |  |  | 149.91 |
Unvested at December 31, 2022 |  | 208.5 |  |  | $ | 145.86 |
Summary of Information Related to Awarded RSUs | The following table summarizes information related to awarded RSUs:
|  | Number of RSUs (in thousands) |  | Weighted average grant-date fair value
Unvested at January 1, 2022 |  | 36.1 |  |  | $ | 139.82 |
Granted |  | 44.6 |  |  | 168.34 |
Vested |  | (19.2) |  |  | 146.32 |
Forfeited/cancelled |  | (1.7) |  |  | 125.93 |
Unvested at December 31, 2022 |  | 59.8 |  |  | $ | 159.23 |

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