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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2024
Stock-Based Compensation Plans [Abstract]  
Schedule Of Comparative Date For Performance Stock Units

2024 Awards

2023 Awards

2022 Awards

TSR Awards

Shares of stock granted - target

7,133 

8,107 

7,983 

Per-share fair value

$

673.71 

$

633.32 

$

595.70 

Volatility

21.8 

%

25.5 

%

30.4 

%

Risk-free interest rate

4.4 

%

4.3 

%

1.7 

%

EPS Awards

Shares of stock granted - target

7,133 

8,107 

7,983 

Per-share fair value

$

586.49 

$

515.12 

$

459.77 

TSR Awards - Former CFO One-Time Grant

Shares of stock granted - target

6,424 

-

-

Per-share fair value

$

830.86 

$

-

$

-

Volatility

22.00 

-

%

-

%

Risk-free interest rate

4.07

-

%

-

%

Common Assumptions

Service period (years)

2.9 

2.9 

2.9 

Three-year measurement period ends December 31,

2026

2025

2024

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 December 31, 2023

1,117,223

$

462.94

-

$

-

44,154

$

549.65

Granted

318,015

597.70

2,272

564.34

20,690

692.43

Exercised/Vested

(226,836)

410.02

(2,272)

564.34

(9,559)

555.98

Canceled/ Forfeited

(26,221)

485.20

-

-

(3,565)

529.51

Outstanding at December 31, 2024

1,182,181

$

508.85

3.2

49,497

-

$

-

51,720

$

606.99

Vested and expected to vest

at December 31, 2024

1,182,181

$

508.85

3.2

49,497

-

$

-

54,200

*

$

565.33

Exercisable at December 31, 2024

569,991

466.88

2.2

37,929

n.a.

n.a.

n.a.

n.a.

* Amount includes 20,756 share units which vested and were converted to shares of stock and distributed in the first quarter of 2025.

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

Years Ended December 31,

2024

2023

2022

Total compensation expense of stock-based compensation

plans charged against income

$

52,110 

$

40,793 

$

33,613 

Total income tax benefit recognized in income for stock

based compensation expense charged against income

12,730 

9,709 

8,487 

Total intrinsic value of stock options exercised

42,914 

54,681 

53,339 

Total intrinsic value of stock awards vested during the period

1,282 

1,444 

1,170 

Per-share weighted average grant-date fair value of

stock awards granted

564.34 

545.69 

496.25 

Schedule Of Valuation Assumptions

2024

2023

2022

Stock price on date of issuance

$

597.70

$

509.46

$

462.04

Grant date fair value per option

$

114.55

$

111.24

$

104.69

Number of options granted

318,015

315,555

312,598

Expected term (years)

3.5

3.5

3.5

Risk free rate of return

4.02

%

4.99

%

4.39

%

Volatility

17.81

%

19.24

%

22.29

%

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

$

62,439 

$

-

$

11,385 

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

2.2 

-

1.6 

Actual income tax benefit realized

$

9,570 

$

286 

$

2,520 

Aggregate intrinsic value vested and expected to vest

$

49,497 

$

-

$

28,912