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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2022
Stock-Based Compensation Plans [Abstract]  
Schedule Of Comparative Date For Performance Stock Units

2022 Awards

2021 Awards

2020 Awards

TSR Awards

Shares of stock granted - target

7,983 

6,277 

5,156 

Per-share fair value

$

595.70 

$

599.04 

$

643.44 

Volatility

30.4 

%

30.2 

%

21.4 

%

Risk-free interest rate

1.7 

%

0.2 

%

1.3 

%

EPS Awards

Shares of stock granted - target

7,983 

6,277 

5,156 

Per-share fair value

$

459.77 

$

491.34 

$

487.90 

Common Assumptions

Service period (years)

2.9 

2.9 

2.9 

Three-year measurement period ends December 31,

2024

2023

2022

Schedule Of Total Stock Option, Stock Award And PSU Activity

Stock Options

Stock Awards

Performance Units (PSUs)

Weighted

Weighted Average

Aggregate

Average

Weighted

Remaining

Intrinsic

Grant-Date

Number of

Average

Number of

Exercise

Contractual

Value

Number of

Per-Share

Target

Grant-Date

Options

Price

Life (Years)

(thousands)

Awards

Fair Value

Units

Price

Outstanding at January 1, 2022

1,154,037

$

392.46

-

$

-

35,834

$

487.29

Granted

312,598

462.04

2,358

496.25

25,072

462.79

Exercised/Vested

(256,841)

285.35

(2,358)

496.25

(22,736)

366.63

Canceled/ Forfeited

(28,640)

450.91

-

-

(680)

540.91

Outstanding at December 31, 2022

1,181,154

$

432.75

3.3

$

90,463

-

$

-

37,490

$

543.11

Vested and expected to vest

at December 31, 2022

1,181,154

$

432.75

3.3

$

90,463

-

*$

-

45,747

*$

544.91

Exercisable at December 31, 2022

568,258

405.75

2.4

58,867

n.a.

n.a.

n.a.

n.a.

* Amount includes 16,190 share units which vested and were converted to shares of stock and distributed in the first quarter of 2023.

Schedule Of Comparative Data For Stocks Option, Stock Awards And PSUs

Years Ended December 31,

2022

2021

2020

Total compensation expense of stock-based compensation

plans charged against income

$

33,613

$

31,420

$

26,802

Total income tax benefit recognized in income for stock

based compensation expense charged against income

8,487

7,918

6,904

Total intrinsic value of stock options exercised

53,339

62,038

125,448

Total intrinsic value of stock awards vested during the period

1,170

1,173

1,171

Per-share weighted average grant-date fair value of

stock awards granted

496.25

482.66

466.43

Schedule Of Valuation Assumptions

2022

2021

2020

Stock price on date of issuance

$

462.04

$

445.35

$

471.74

Grant date fair value per option

$

104.69

$

96.91

$

97.56

Number of options granted

312,598

326,806

298,670

Expected term (years)

3.5

3.5

3.5

Risk free rate of return

4.39

%

0.87

%

0.24

%

Volatility

22.29

%

28.81

%

28.41

%

Dividend yield

0.3

%

0.3

%

0.3

%

Forfeiture rate

-

-

-

Schedule Of Other Data For Stock Options, Stock Awards And PSUs

Stock

Stock

Options

Awards

PSUs

Total unrecognized compensation at the end of the year

$

56,728 

$

-

$

7,782 

Weighted average period over which unrecognized compensation to be recognized (years)

2.2 

-

1.8 

Actual income tax benefit realized

$

12,481 

$

274 

$

1,775 

Aggregate intrinsic value vested and expected to vest

$

90,463 

$

-

$

23,301