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Stock Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Compensation Expense | The Company recorded stock compensation expense as follows for the years ended December 31, 2023, 2022 and 2021 (in millions):
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Cost of goods sold | $ | 1.8 |  |  | $ | 1.3 |  |  | $ | 1.0 |
Selling, general and administrative expenses | 44.6 |  |  | 32.7 |  |  | 26.6 |
Total stock compensation expense | $ | 46.4 |  |  | $ | 34.0 |  |  | $ | 27.6 |
Schedule of weighted average grant-date fair value of performance awards | The weighted average grant-date fair value of performance awards granted under the Plan during 2023, 2022 and 2021 was as follows:
|  | Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Weighted average grant-date fair value |  | $ | 143.63 |  |  | $ | 119.35 |  |  | $ | 123.33 |
The weighted average grant-date fair value of the RSUs granted under the Plan during 2023, 2022 and 2021 was as follows:
|  | Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Weighted average grant-date fair value |  | $ | 134.63 |  |  | $ | 109.09 |  |  | $ | 113.91 |
Performance Award Transactions | Performance award transactions during 2023 were as follows and are presented as if the Company were to achieve its maximum levels of performance under the plan:
| Performance awards |  | Weighted-Average Grant Date Fair Value
Shares awarded but not earned at January 1 | 543,904 |  |  | $ | 120.94 |
Shares awarded | 289,742 |  |  | 143.63
Shares forfeited | (29,786) |  |  | 127.77
Shares vested or earned | (232,478) |  |  | 123.28
Shares awarded but not earned at December 31 | 571,382 |  |  | $ | 131.14 |
Schedule of Nonvested Restricted Stock Units Activity | RSU transactions during the year ended December 31, 2023 were as follows:
| RSUs |  | Weighted-Average Grant Date Fair Value
Shares awarded but not vested at January 1 | 213,198 |  |  | $ | 104.62 |
Shares awarded (1) | 117,840 |  |  | 134.63
Shares forfeited | (9,293) |  |  | 120.39
Shares vested | (107,798) |  |  | 98.95
Shares awarded but not vested at December 31 | 213,947 |  |  | $ | 122.48 |
____________________________________ (1) RSUs shares awarded and shares vested include 5,017 shares related to the 25% additional shares issued to certain executives based on a total margin improvement metric relative to the Company’s defined peer group that applied to grants made in 2020.

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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