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Stock-Based Incentive Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2022
Stock-Based Incentive Compensation Plans [Abstract] |
Compensation Expense By Award Type |
| For the Years Ended December 31, |
| 2022 |  | 2021 |  | 2020 |
Stock options | $ | 6 |  | $ | 8 |  | $ | 10 |
Performance shares |  | 10 |  |  | 18 |  |  | 5 |
RSUs |  | 35 |  |  | 35 |  |  | 36 |
Total | $ | 51 |  | $ | 61 |  | $ | 51 |
Recognized tax benefit | $ | 11 |  | $ | 13 |  | $ | 11 |
Total unrecognized compensation expense for all stock-based incentive compensation plans |
| For the Years Ended December 31, |
| 2022 |  | 2021 |  | 2020 |
|  |  | Weighted- |  |  |  | Weighted- |  |  |  | Weighted- |
|  |  | Average |  |  |  | Average |  |  |  | Average |
| Expense |  | Period |  | Expense |  | Period |  | Expense |  | Period |
Stock options | $ | 11 |  | 0.8 |  | $ | 8 |  | 0.7 |  | $ | 8 |  | 0.7 |
Performance shares |  | 19 |  | 1.2 |  |  | 14 |  | 1.2 |  |  | 14 |  | 1.3 |
RSUs |  | 55 |  | 1.4 |  |  | 43 |  | 1.4 |  |  | 37 |  | 1.2 |
Total unrecognized stock-based |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
incentive compensation expense | $ | 85 |  |  |  | $ | 65 |  |  |  | $ | 59 |  |  |
Summary of activity for stock options with service conditions |
|  |  |  |  |  | Weighted- |  |  |  |
|  |  | Weighted- |  | Average |  |  |
|  |  | Average | Remaining | Aggregate |
|  |  | Exercise | Contractual | Intrinsic |
| Shares |  | Price |  | Term |  | Value |
Outstanding as of December 31, 2021 | 3,011,536 |  | $ | 59.23 |  |  |  |  |  |
Granted | 593,609 |  |  | 55.10 |  |  |  |  |  |
Exercised | (38,374 | ) |  | 54.76 |  |  |  |  |  |
Forfeited or expired | (170,232 | ) |  | 63.19 |  |  |  |  |  |
Outstanding as of December 31, 2022 | 3,396,539 |  | $ | 58.36 |  | 6.09 |  | $ | - |
Vested or expected to vest as of December 31, 2022 (1) | 3,238,301 |  | $ | 58.49 |  | 5.97 |  | $ | - |
Exercisable as of December 31, 2022 | 2,476,028 |  | $ | 59.47 |  | 5.05 |  | $ | - |
(1)Includes estimated forfeitures.
Summary of activity for stock options with performance conditions |
|  |  |  |  |  | Weighted- |  |  |  |
|  |  | Weighted- |  | Average |  |  |
|  |  | Average | Remaining | Aggregate |
|  |  | Exercise | Contractual | Intrinsic |
| Shares |  | Price |  | Term |  | Value |
Outstanding as of December 31, 2021 | 166,278 |  | $ | 58.88 |  |  |  |  |  |
Granted | 33,435 |  |  | 60.58 |  |  |  |  |  |
Exercised | (29,931 | ) |  | 63.59 |  |  |  |  |  |
Forfeited or expired | (48,385 | ) |  | 60.49 |  |  |  |  |  |
Outstanding as of December 31, 2022 | 121,397 |  | $ | 57.55 |  | 2.36 |  | $ | - |
Vested or expected to vest as of December 31, 2022 (1) | 114,310 |  | $ | 57.34 |  | 2.26 |  | $ | - |
Exercisable as of December 31, 2022 | 97,773 |  | $ | 56.72 |  | 1.99 |  | $ | - |
(1) Includes estimated forfeitures.
Summary of activity for performance shares |
|  |  |  | Weighted- |  |
|  |  |  | Average |  |
|  |  | Grant-Date |
| Shares |  |  | Fair Value |  |
Outstanding as of December 31, 2021 (1) | 630,670 |  |  | $ | 63.16 |  |
Granted | 374,128 |  |  |  | 69.37 |  |
Vested | (185,194 | ) |  |  | 66.89 |  |
Forfeited | (72,756 | ) |  |  | 69.97 |  |
Performance adjustment (2) | 20,580 |  |  |  | 66.89 |  |
Outstanding as of December 31, 2022 (1) | 767,428 |  |  | $ | 64.61 |  |
(1)Represents target award amounts. (2)Represents the difference between the target shares granted and the actual shares vested based upon the achievement level of performance measures.
Option price assumptions used for stock appreciation rights plan |
| For the Years Ended December 31, |
| 2022 |  | 2021 |  | 2020 |
Weighted-average fair value per option granted | $ | 18.13 |  | $ | 17.26 |  | $ | 12.25 |
Weighted-average assumptions: |  |  |  |  |  |  |  |  |
Dividend yield |  | 3.2% |  |  | 3.0% |  |  | 3.0% |
Expected volatility |  | 44.4% |  |  | 45.0% |  |  | 30.1% |
Risk-free interest rate (1) |  | 1.9-3.8% |  |  | 0.6-1.0% |  |  | 0.3-1.4% |
Expected life (in years) |  | 5.8 |  |  | 5.8 |  |  | 5.8 |
(1)Risk-free interest rate expressed as a range and not a weighted average.
Summary of activity for restricted stock units |
|  |  |  | Weighted- |  |
|  |  |  | Average |  |
|  |  | Grant-Date |
| Shares |  |  | Fair Value |  |
Outstanding as of December 31, 2021 | 1,870,556 |  |  | $ | 59.78 |  |
Granted | 938,181 |  |  |  | 65.53 |  |
Vested | (713,247 | ) |  |  | 62.53 |  |
Forfeited | (156,341 | ) |  |  | 62.27 |  |
Outstanding as of December 31, 2022 | 1,939,149 |  |  | $ | 61.26 |  |

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- Definition 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. Disclosure of the number, aggregate intrinsic value, and weighted-average remaining contractual term for both restricted stock units outstanding and restricted stock units fully vested and expected to vest as of the balance sheet date. + References No definition available. + Details
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- Definition Disclosure of number and weighted-average exercise prices for share options with performance conditions outstanding at beginning and end of year, exercisable at end of year, and number of share options granted, exercised, forfeited, and expired. For fully vested options and options expected to vest as of the balance sheet date, disclosure of number, weighted-average exercise price, aggregate intrinsic value, and weighted-average remaining contractual term for options outstanding and exercisable. + References No definition available. + Details
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- Definition Disclosure of the significant assumptions used during the year to estimate the fair value of stock appreciation rights, including, but not limited to: (a) expected term of stock appreciation rights 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 No definition available. + Details
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