Stock Based Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Option Activity

The following table provides a summary of option activity:

						Weighted
						Average
				Weighted		Remaining
				Average		Contractual		Aggregate
				Exercise		Term		Intrinsic
	Options			Price (per share)		(in Years)		Value
Outstanding at December 31, 2023		10.2		$	68.77
Granted		1.0			100.43
Exercised		(1.7	)		52.40
Cancelled		(0.1	)		86.15
Outstanding at September 30, 2024		9.4		$	75.03		6.0	$	281.4
Exercisable at September 30, 2024		6.0		$	66.78		4.6	$	226.9

Information Regarding Intrinsic Value of Stock Options Exercised and Stock Compensation Expense Related to Stock Option Awards

The following table provides information regarding the intrinsic value of stock options exercised and stock compensation expense related to stock option awards:

	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2024		2023		2024		2023
Intrinsic Value of Stock Options Exercised	$	5.3	$	14.2	$	86.6	$	121.9
Stock Compensation Expense Related to Stock Option Awards	$	4.3	$	3.8	$	24.8	$	22.7
Issued Stock Options		0.0		0.0		1.0		1.0
Weighted Average Fair Value of Stock Options issued (per share)	$	0.0	$	0.0	$	29.90	$	24.05
Fair Value of Stock Options Issued	$	0.0	$	0.0	$	31.1	$	24.8

Assumptions Used in Valuation of Issued Stock Options

The following table provides a summary of the assumptions used in the valuation of issued stock options:

	Three Months Ended		Nine Months Ended
	September 30,	September 30,	September 30,			September 30,
	2024	2023	2024			2023
Risk-free interest rate	N/A	N/A		4.2	%		4.0	%
Expected life in years	N/A	N/A		7.2			7.3
Expected volatility	N/A	N/A		22.3	%		22.4	%
Dividend yield	N/A	N/A		1.1	%		1.3	%