Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of share-based payment award, restricted stock units, valuation assumptions

The determination of the grant date fair value of the portion of the 2021 Performance-Based RSU grants covered by the market condition was calculated using a Monte Carlo simulation pricing model based on the assumptions in the table below, which resulted in the following grant date fair value per share.

	Fair Value Assumptions
Valuation date	February 18, 2021
Expected share price volatility	35.0%
Risk-free interest rate	0.20%
Fair value per share on valuation date (1)	$63.93

________________________

(1)Using the same Monte Carlo methodology and assumptions, the grant date fair value of one participant’s 2021 Performance-Based RSU grants was calculated as $66.95 per share.