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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity
The following summarizes stock option activity: 
 Option SharesWeighted Average Exercise Price
(in millions, except per share data)202120202019202120202019
Outstanding, at beginning of year2.0 2.3 2.4 $17.52 $13.87 $12.51 
Granted0.2 0.3 0.2 42.84 27.82 27.29 
Exercised(0.8)(0.6)(0.3)12.12 7.85 13.12 
Canceled or expired— — — 30.76 26.44 21.99 
Outstanding, at end of year1.4 2.0 2.3 $23.58 $17.52 $13.87 
Exercisable, at end of year1.0 1.5 1.9 $19.15 $14.37 $11.28 
Summary of Information Concerning Stock Options Outstanding
The following table summarizes information for stock options outstanding as of December 31, 2021 under all plans:
 Options OutstandingOptions Exercisable
Range of Exercise PricesSharesWeighted Average
Remaining Life
Weighted Average
Exercise Price
SharesWeighted Average
Exercise Price
 (in millions)(in years)(in millions) 
$5.01 — 10.00
— 1.0$7.39 — $7.39 
10.01 — 15.00
0.2 3.313.60 0.3 13.60 
15.01 — 20.00
0.3 4.216.50 0.3 16.50 
20.01 — 25.00
0.2 6.323.14 0.2 23.14 
25.01 — 30.00
0.5 7.927.58 0.2 27.49 
30.01 — 35.00
— 0.0— — — 
35.01 — 40.00
— 9.638.19 — — 
40.01 — 45.00
0.2 9.342.86 — — 
1.4 6.1$23.58 1.0 $19.15 
Summary of Restricted Stock Grants
The following table summarizes restricted stock activity for the year ended December 31, 2021:
Number of
Restricted Shares
Weighted Average
Price per Share
 (in millions) 
Outstanding and non-vested, at December 31, 20200.2 $26.18 
Granted0.1 42.59 
Vested(0.1)23.95 
Forfeited— 30.06 
Outstanding and non-vested, at December 31, 20210.2 $32.15 
Equity Option  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Assumptions Used to Calculate Fair Value The fair value of each option grant was estimated using the Black-Scholes option pricing model with the following weighted average assumptions:
202120202019
Dividend yield0.8 %1.2 %1.2 %
Expected volatility33 %33 %32 %
Risk free interest rate1.1 %0.5 %2.4 %
Weighted average expected option life in years6.46.26.3
PSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Activity
The following table summarizes PSU activity for the year ended December 31, 2021:
Number of PSUsWeighted Average Price per Share
(in millions)
Outstanding and non-vested, at December 31, 20200.2 $27.60 
Granted 0.1 42.86 
Vested (0.1)27.29 
Forfeited— 29.34 
Outstanding and non-vested, at December 31, 20210.2 $34.87