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Incentive Plans (Tables) | 9 Months Ended
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Sep. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Summary of Awards Granted | During the first nine months of 2022, the Committee granted the following awards from the 2020 Long-Term Plan: 2020 Long-Term Incentive Plan
Type of Award | Number of Awards Granted |  | Grant Date |  | Grant Date Fair Value |  | Valuation Methodology
Performance Based RSUs 1 | 580,600 |  |  | February 1, 2022 |  | $ | 47.37 |  |  | Monte Carlo
Performance Based RSUs 1 | 15,100 |  |  | July 1, 2022 |  | $ | 37.77 |  |  | Monte Carlo
Time Based RSUs 2 | 273,400 |  |  | February 1, 2022 |  | $ | 32.12 |  |  | Average Stock Price
Time Based RSUs 2 | 5,000 |  |  | July 1, 2022 |  | $ | 29.80 |  |  | Average Stock Price
Cash Settled RSUs 3 | 674,300 |  |  | February 1, 2022 |  | $ | 32.12 |  |  | Average Stock Price
1 Performance based RSUs are scheduled to vest over a three year performance period. 2 Time based RSUs are generally scheduled to vest over three years from the date of grant. 3 Cash settled RSUs are generally scheduled to vest over three years from the date of grant. During the first nine months of 2022, the Committee granted the following awards to Non-Employee Directors: 2021 Stock Plan for Non-Employee Directors
Type of Award | Number of Awards Granted |  | Grant Date |  | Grant Date Fair Value |  | Valuation Methodology
Time Based RSUs 1 | 73,092 |  |  | February 2, 2022 |  | $ | 32.84 |  |  | Closing Stock Price
1 Non-employee directors time-based RSUs are scheduled to vest in February 2023.
Share-Based Plans, Amounts Recognized in the Financial Statements | Amounts recognized in the financial statements with respect to share-based plans are shown in the following table:
| Nine Months Ended September 30,
(Thousands of dollars) | 2022 |  | 2021
Compensation charged against income before tax benefit | $ | 43,216 |  |  | 29,145 |
Related income tax benefit recognized in income | 6,872 |  |  | 4,120 |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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