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Long-term Equity-based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The assumptions used in the Black-Scholes pricing model for Tandem Awards granted during the years ended December 31, 2021, 2020 and 2019 are presented below.
202120202019
RANGE OF VALUATION ASSUMPTIONS
Expected Volatility33.67 %-38.04 %29.22 %-37.27 %28.97 %-33.78 %
Risk-free Interest Rate0.26 -1.33 0.17 -1.46 1.35 -2.60 
Expected Dividend Yield1.18 -1.78 1.19 -1.48 1.05 -1.38 
WEIGHTED-AVERAGE EXPECTED LIFE IN YEARS
Employee Grants4-64-64-6
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
Tandem Award activity for the year ended December 31, 2021 is presented below.
Shares
Subject to
Awards
Weighted-
average
Exercise Price
Per Share ($)
Weighted-
average
Remaining
Contractual
Life (in Years)
Aggregate
Intrinsic
Value
($ In Millions)
Outstanding at Beginning of the Year1,900,957 $60.97 
Granted406,553 69.88 
Exercised(75,802)60.84 
Forfeited or Expired(127,729)73.59 
Outstanding at December 31, 20212,103,979 61.93 6.50$12.1 
Vested and Expected to Vest at December 31, 20212,039,134 $61.57 6.44$12.1 
Exercisable at December 31, 20211,389,206 $56.26 5.50$12.0 
Schedule of Options Outstanding
Information pertaining to Tandem Awards outstanding at December 31, 2021 is presented below.
OutstandingExercisable
Range of Exercise Prices ($)Shares
Subject to
Awards
Weighted-
average
Exercise Price
Per Share ($)
Weighted-
average
Remaining
Contractual
Life (in Years)
Shares
Subject to
Awards
Weighted-
average
Exercise Price
Per Share ($)
$20.01 -30.00 108,562 $27.79 4.03108,562 $27.79 
30.01 -40.00 122,906 34.42 3.33122,906 34.42 
40.01 -50.00 345,616 42.44 4.74345,616 42.44 
50.01 -60.00 335,000 59.80 5.97331,639 59.87 
60.01 -70.00 405,923 69.26 8.7550,325 66.90 
70.01 -80.00 749,520 76.31 7.22406,480 76.31 
80.01 -90.00 36,452 83.69 6.1623,678 84.23 
20.01 -90.00 2,103,979 61.93 6.501,389,206 56.26 
Schedule of Share-based Compensation, Nonemployee Director Deferred Stock Unit Award Plan, Activity
Activity related to DSU awards for the year ended December 31, 2021 is presented below.
Number of DSUsWeighted-
average
Grant-date
Fair Value
Per DSU
Vested Balance at Beginning of the Year44,820 $44.74 
Reduction for Shares Issued on Conversion— — 
Vested Balance at December 31, 202144,820 $44.74 
Time Vested Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units and Performance Stock Units Activity
Activity related to nonvested RSUs for the year ended December 31, 2021 is presented below.
Time-based Restricted Stock Unit Awards
Number of Restricted Stock Units Weighted-
average
Grant-date
Fair Value
Per Unit
Nonvested Balance at Beginning of the Year132,026 $72.30 
Granted38,375 68.38 
Vested(81,967)72.85 
Forfeited(6,733)73.40 
Nonvested Balance at December 31, 202181,701 $69.82 
Performance Based Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units and Performance Stock Units Activity
Activity related to nonvested PSU awards for the year ended December 31, 2021 is presented below.
PSU Awards
Number of PSUsWeighted-
average
Grant-date
Fair Value
Per PSU
Nonvested Balance at Beginning of the Year502,857 $78.12 
Granted385,244 72.07 
Vested(195,847)62.18 
Forfeited(91,933)79.96 
Nonvested Balance at December 31, 2021600,321 $79.15