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SHARE-BASED COMPENSATION PLANS AND AWARDS (Tables)

12 Months Ended

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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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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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.

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