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SHARE-BASED COMPENSATION PLANS AND AWARDS (Tables) | 12 Months Ended
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Dec. 31, 2024
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 the options awarded in 2024, 2023, and 2022 are provided in the table below:
Assumptions |  | 2024 |  | 2023 |  | 2022
Expected volatility rate |  | 30.21% |  | 30.55% |  | 28.98%
Expected dividend yield |  | 3.82% |  | 3.31% |  | 2.57%
Average risk-free interest rate |  | 4.34% |  | 4.13% |  | 2.35%
Expected term years |  | 6.7 |  | 6.4 |  | 6.4
Schedule of Activity of Stock Option Awards | A summary of the activity of the Company's stock option awards for 2024, 2023, and 2022 is presented below:
| 2024 |  | 2023 |  | 2022
| Options |  | Weighted-Average Exercise Price |  | Options |  | Weighted-Average Exercise Price |  | Options |  | Weighted-Average Exercise Price
Outstanding at beginning of year | 3,824,000 |  |  | $ | 88 |  |  | 3,479,200 |  |  | $ | 88 |  |  | 3,168,500 |  |  | $ | 84 |
Granted | 390,900 |  |  | $ | 86 |  |  | 409,300 |  |  | $ | 85 |  |  | 443,100 |  |  | $ | 113 |
Exercised | (561,900) |  |  | $ | 73 |  |  | (38,200) |  |  | $ | 68 |  |  | (122,700) |  |  | $ | 74 |
Cancelled, forfeited, or expired | (184,200) |  |  | $ | 95 |  |  | (26,300) |  |  | $ | 94 |  |  | (9,700) |  |  | $ | 87 |
Outstanding at end of year | 3,468,800 |  |  | $ | 89 |  |  | 3,824,000 |  |  | $ | 88 |  |  | 3,479,200 |  |  | $ | 88 |
Options exercisable at year-end | 2,691,100 |  |  |  |  | 2,974,100 |  |  |  |  | 2,534,400 |  |  |
Available for grant at end of year | 5,008,575 |  |  |  |  | 6,698,702 |  |  |  |  | 8,355,640 |  |  |
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, 2024:
|  | Options Outstanding |  | Options Exercisable
Range of Exercise Prices |  | Number Outstanding at December 31, 2024 |  | Weighted-Average Remaining Contractual Life (Years) |  | Weighted-Average Exercise Price |  | Number Exercisable at December 31, 2024 |  | Weighted-Average Exercise Price
$61-$80 |  | 1,038,100 |  | 3.9 |  | $ | 71 |  |  | 1,007,100 |  | $ | 70 |
$81-$100 |  | 1,202,400 |  | 6.9 |  | $ | 84 |  |  | 571,000 |  | $ | 83 |
$101-$110 |  | 882,600 |  | 4.6 |  | $ | 107 |  |  | 882,600 |  | $ | 107 |
$111-$121 |  | 345,700 |  | 7.2 |  | $ | 121 |  |  | 230,400 |  | $ | 121 |
|  | 3,468,800 |  | 5.4 |  | $ | 89 |  |  | 2,691,100 |  | $ | 89 |
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, 2024 is presented below:
Nonvested Options |  | Number of Options |  | Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2024 |  | 849,900 |  |  | $23.12
Granted |  | 390,900 |  |  | $21.16
Vested |  | (403,800) |  |  | $22.79
Cancelled, forfeited, or expired |  | (59,400) |  |  | $22.43
Nonvested at December 31, 2024 |  | 777,600 |  |  | $22.35

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