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STOCK COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | Stock-based compensation expense included in Marketing and administrative expenses in the accompanying Consolidated Statements of Earnings is as follows (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Total stock-based compensation expense | $ | 14 |  |  | $ | 13 |  |  | $ | 27 |  |  | $ | 25 |
Schedule of Share-based Compensation, Stock Options, Activity | The following table summarizes the Company’s stock option activity:
|  |  | Weighted-Average |  |
| Number of Options |  | Exercise Price |  | Remaining Contractual Life (in years) |  | Intrinsic Value (in millions)
Outstanding, December 31, 2022 | 27,000 |  |  | $ | 37.65 |  |  | 1.1 |  | $ | 1 |
Exercised | (15,400) |  |  | 37.65 |  |  |  |  |
Outstanding, June 30, 2023 | 11,600 |  |  | $ | 37.65 |  |  | 0.6 |  | $ | 1 |
Exercisable, June 30, 2023 | 11,600 |  |  | $ | 37.65 |  |  | 0.6 |  | $ | 1 |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity:
| Number of RSUs | Weighted-Average Fair Value
Balance at December 31, 2022 | 1,276,160 |  | $ | 69.16 |
Granted | 333,291 |  | 99.02 |
Vested | (318,010) |  | 69.93 |
Forfeited | (34,401) |  | 84.18 |
Balance at June 30, 2023 | 1,257,040 |  | $ | 76.25 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The following table provides a summary of the assumptions for PSUs granted in 2023 and 2022:
| Six Months Ended June 30, |  |  |  |
| 2023 | 2022 |  |  |  |
Expected volatility | 44.66% | 41.65% |  |  |  |
Risk free interest rate | 3.75% | 1.36% |  |  |  |
Expected term (in years) | 2.91 | 2.91 |  |  |  |
Grant date fair value of units granted | $ | 119.33 | $ | 122.69 |  |  |  |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest | The following table summarizes the Company’s PSU activity:
| Number of PSUs | Weighted-Average Grant-Date Fair Value
Balance at December 31, 2022 | 303,716 |  | $ | 91.47 |
Granted | 155,469 |  | 101.76 |
Forfeited | (15,186) |  | 95.59 |
Balance at June 30, 2023 | 443,999 |  | $ | 94.59 |

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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (e)(1) -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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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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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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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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