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STOCK COMPENSATION (Tables)

6 Months Ended

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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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.

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