XML 54 R39.htm IDEA: XBRL DOCUMENT v3.22.4

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Compensation Expense

Share-based compensation is included in Selling and administrative expense. A summary of compensation expense by type of award follows:

(In millions)						2022						2021						2020
Stock appreciation rights						$	5.9					$	5.2					$	4.4
Performance shares						0.2						0.2						0.2
Restricted stock units						7.1						5.8						6.7
Total share-based compensation						$	13.2					$	11.2					$	11.3

Summary of Assumptions Related To Grants

The following is a summary of the weighted average assumptions related to the grants issued during 2022, 2021 and 2020:

						2022						2021						2020
Expected volatility						33.0%						34.0%						33.0%
Expected dividends						1.80%						2.01%						2.57%
Expected term (in years)						6.9						6.9						6.9
Risk-free rate						1.98%						1.19%						1.56%
Value of SARs granted						$14.91						$11.72						$8.11

Summary of Stock Appreciation Rights

A summary of SAR activity for 2022 is presented below:

(In millions, except per share data)						Shares						Weighted-Average Exercise Price per Share						Weighted-Average Remaining Contractual Term						Aggregate Intrinsic value
Outstanding as of January 1, 2022						1.9						$	33.86					7.1						$	39.1
Granted						0.4						52.64
Exercised						(0.1)						32.12
Forfeited or expired						—						45.88
Outstanding as of December 31, 2022						2.2						$	39.08					6.8						$	2.6
Vested and exercisable as of December 31, 2022						1.2						$	34.63					5.6						$	2.2

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year.

+ 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 (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ 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 (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration