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SHARE-BASED COMPENSATION PLANS AND AWARDS (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions Used in the Determination of Fair Value of Stock Options Awarded | The weighted average assumptions used in the determination of fair value for stock options awarded in 2022, 2021, and 2020 are provided in the table below:
Assumptions |  | 2022 |  | 2021 |  | 2020
Expected volatility rate |  | 28.98% |  | 28.99% |  | 21.56%
Expected dividend yield |  | 2.57% |  | 3.58% |  | 3.30%
Average risk-free interest rate |  | 2.35% |  | 0.95% |  | 0.94%
Expected term years |  | 6.4 |  | 6.0 |  | 5.9
Schedule of Activity of Stock Option Awards | A summary of the activity of the Company's stock option awards for 2022, 2021, and 2020 is presented below:
| 2022 |  | 2021 |  | 2020
| Options |  | Weighted-Average Exercise Price |  | Options |  | Weighted-Average Exercise Price |  | Options |  | Weighted-Average Exercise Price
Outstanding at beginning of year | 3,168,500 |  |  | $ | 84 |  |  | 3,526,600 |  |  | $ | 79 |  |  | 3,479,300 |  |  | $ | 80 |
Granted | 443,100 |  |  | 113 |  |  | 449,700 |  |  | 109 |  |  | 622,000 |  |  | 62 |
Exercised | (122,700) |  |  | 74 |  |  | (807,200) |  |  | 77 |  |  | (568,800) |  |  | 64 |
Cancelled, forfeited, or expired | (9,700) |  |  | 87 |  |  | (600) |  |  | 74 |  |  | (5,900) |  |  | 82 |
Outstanding at end of year | 3,479,200 |  |  | $ | 88 |  |  | 3,168,500 |  |  | $ | 84 |  |  | 3,526,600 |  |  | $ | 79 |
Options exercisable at year-end | 2,534,400 |  |  |  |  | 2,047,500 |  |  |  |  | 2,192,300 |  |  |
Available for grant at end of year | 8,355,640 |  |  |  |  | 9,866,480 |  |  |  |  | 4,046,748 |  |  |
Schedule of Remaining Contractual Term and Weighted Average Exercise Price of Stock Options Outstanding and Exercisable | The following table provides the remaining contractual term and weighted average exercise prices of stock options outstanding and exercisable at December 31, 2022:
|  | Options Outstanding |  | Options Exercisable
Range of Exercise Prices |  | Number Outstanding at December 31, 2022 |  | Weighted-Average Remaining Contractual Life (Years) |  | Weighted-Average Exercise Price |  | Number Exercisable at December 31, 2022 |  | Weighted-Average Exercise Price
$61-$75 |  | 1,037,200 |  | 5.2 |  | $ | 65 |  |  | 831,800 |  | $ | 66 |
$76-$90 |  | 1,099,700 |  | 5.3 |  | 82 |  |  | 1,018,600 |  | 82 |
$91-$105 |  | 535,800 |  | 5.2 |  | 104 |  |  | 535,800 |  | 104 |
$106-$121 |  | 806,500 |  | 8.6 |  | 114 |  |  | 148,200 |  | 109 |
|  | 3,479,200 |  | 6.0 |  | $ | 88 |  |  | 2,534,400 |  | $ | 83 |
Schedule of Summary of Status of Nonvested Options | A summary of the changes in the Company's nonvested options during the year ended December 31, 2022 is presented below:
Nonvested Options |  | Number of Options |  | Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2022 |  | 1,121,000 |  |  | $13.88
Granted |  | 443,100 |  |  | $26.80
Vested |  | (611,900) |  |  | $12.99
Cancelled, forfeited, or expired |  | (7,400) |  |  | $14.90
Nonvested options at December 31, 2022 |  | 944,800 |  |  | $20.50

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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