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Share-Based Payment Awards (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Non-vested Restricted Stock Unit Activity The following table summarizes non-vested restricted stock unit activity for the year ended December 31, 2023, (in thousands, except weighted-average grant-date fair value amounts):

Restricted
Stock Units		Weighted-Average Grant-date
Fair Value
Outstanding, January 1562.4$21.83
Granted403.4$21.82
Vested(279.1)$23.41
Canceled(61.8)$21.17
Outstanding, December 31624.9$21.18
Schedule of Fair Value Assumptions of Market-based Awards The fair value of the Company's market-based awards was estimated using the Company's stock price on the date of grant and the probability of vesting using a Monte Carlo simulation. The Monte Carlo simulation was performed with the following weighted-average assumptions:
2023 Grants2022 Grants2021 Grants
Volatility of A&B common stock
31.8% - 49.1%
47.7 %47.2 %
Average volatility of peer companies
33.6% - 48.2%
51.1 %51.1 %
Risk-free interest rate
3.8% - 4.5%
1.4 %0.2 %
Schedule of Compensation Cost related to Share-based Payments A summary of compensation cost related to share-based payments is as follows for the years ended December 31, 2023, 2022, and 2021, (in millions):
202320222021
Share-based expense:
Time-based and market-based restricted stock units$6.1 $4.9 $5.9 
Total share-based expense6.1 4.9 5.9 
Total recognized tax benefit— — — 
Share-based expense (net of tax)$6.1 $4.9 $5.9 
Cash received upon option exercise$— $— $1.4 
Intrinsic value of options exercised$— $— $0.6 
Tax benefit realized upon option exercise$— $— $— 
Fair value of stock vested$9.1 $5.6 $5.4