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Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Share-Based Compensation

The following table presents share-based compensation expense:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2020						2021						2020						2021
Share-based compensation			$	15.7					$	21.2					$	46.4					$	44.5
Tax benefit			2.9						3.5						8.4						7.8

Schedule of Company Restricted Stock Units Transactions

The following table summarizes transactions in the Company’s restricted stock units:

			Restricted Stock Units						Weighted Average Grant Date Value
Unvested units - December 31, 2020			1.2						$	99.46
Units granted			0.2						139.71
Units vested			(0.3)						130.58
Units forfeited			(0.1)						105.45
Performance condition changes			0.1						80.19
Unvested units - September 30, 2021			1.1						94.22

Schedule of Company Stock Option Transactions

The following table summarizes transactions in the Company’s stock options:

			Stock Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)
Unexercised options outstanding - December 31, 2020			2.9						$	82.14
Options granted			0.0						150.68
Options exercised			(0.2)						120.12
Options forfeited			(0.0		)				154.44
Performance condition changes			0.6						74.42
Unexercised options outstanding - September 30, 2021			3.3						78.21						4.8
Exercisable at September 30, 2021			0.2						131.74						1.6

Schedule of Fair Value of Options Granted and Assumptions

The weighted average grant date assumptions used to estimate the fair value of stock options granted were as follows:

						For the Nine Months Ended September 30,
						2020						2021
Dividend yield						1.6		%				0.0		%
Expected volatility						30.4		%				37.1		%
Risk-free interest rate						0.9		%				1.0		%
Expected life of options (in years)						5.7						5.7
Forfeiture rate						—		%				—		%

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the changes in outstanding nonvested shares.

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