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Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Employee Stock Purchase Plan

Following is information regarding our 2009 ESPP:

						Year Ended December 31,
						2023						2022						2021
Cash received related to ESPP purchases ($ in millions)						$	29.3					$	34.4					$	29.6
Tax deductions associated with ESPP disqualifying dispositions ($ in millions)						$	3.9					$	3.1					$	1.9
Weighted average per share discount for compensation expense recognized						$	41.58					$	38.57					$	50.58

Schedule of Restricted Stock Units Activity

RSU grants vest over a period of time up to four years from the date of grant. RSU activity was as follows:

			RSUs						Weighted average per share grant date fair value
Balance, December 31, 2022			415,878						$	159.85
Granted			327,955						302.35
Vested			(182,056)						174.61
Forfeited			(32,101)						214.41
Balance, December 31, 2023			529,676						287.04

Schedule of Assumptions in Valuation of RSUs

The assumptions for the valuation of time-vesting RSUs and performance and time-vesting RSUs granted are summarized as follows:

						Year Ended December 31,
						2023						2022						2021
Time-vesting RSUs
Number of shares granted						48,872						18,080						33,665
Grant date fair value per share						$	268.60					$	283.86					$	312.83
Weighted-average assumptions/inputs:
Expected dividend yield						0.6		%				0.5		%				0.4		%
Range of risk-free interest rates						3.6% - 4.7%						1.2% - 4.5%						0.3% - 1.0%
Performance and Time-vesting RSUs
Number of shares granted						279,083						120,340						94,001
Grant date fair value per share						$	313.84					$	296.28					$	308.59
Weighted-average assumptions/inputs:
Expected dividend yield						0.6		%				0.5		%				0.4		%
Range of risk-free interest rates						3.6% - 4.5%						0.4% - 3.2%						0.3% -0.7%

Summary of Certain Information Regarding RSU Grant Vesting

Certain information regarding RSU grant vesting was as follows:

						Year Ended December 31,
($ in millions)						2023						2022						2021
Number of shares vested						182,056						147,441						141,857
Weighted average per share fair value of non-vested shares that vested during the period						$	174.61					$	110.77					$	107.50
Tax deduction realized related to shares that vested during the period ($ in millions)						$	25.8					$	20.3					$	26.3

Schedule of Stock-Based Compensation

Share-based compensation is recognized as a component of SG&A in our Consolidated Statements of Operations. SG&A expense related to all share-based compensation is as follows:

						Year Ended December 31,
($ in millions)						2023						2022						2021
Restricted stock unit awards						$	35.6					$	35.0					$	29.5
Employee stock purchase plan						5.2						6.1						5.2
Total share-based compensation						40.8						41.1						34.7
Tax expense recognized						(7.6)						(6.4)						(8.1)
Net reduction in net income						$	33.2					$	34.7					$	26.6

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Schedule Of Share-Based Payment Award, Equity Instruments Other Than Options, Valuation Assumptions

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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