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STOCK-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Issued, Net of Shares from Canceled/Expired Options and Restricted Share Award Activity
Shares GrantedConversion RateTotal Shares Under 2019 Omnibus Plan
Non-Qualified Stock Options5,044,379 1.005,044,379 
Restricted Stock5,290,546 4.0621,479,617 
Performance Shares1,019,645 4.064,139,758 
Total11,354,570 30,663,754 
A summary of restricted share award activity, including award grants, vesting, and forfeitures for the years ended December 31, 2024, 2023, and 2022, are presented in the table below: 
 202420232022
 Shares
(000)
Shares
(000)
Shares
(000)
Nonvested, Beginning of Year3,378 3,553 3,760 
Granted1,189 1,027 949 
Vested(1,263)(1,058)(935)
Forfeited(130)(144)(221)
Nonvested, End of Year3,174 3,378 3,553 
Schedule of Weighted-Average Assumptions
The fair value of each option grant was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions for the indicated periods:
202420232022
Dividend yield (1)
1.6 %1.7 %1.8 %
Expected volatility (2)
28.0 %28.8 %28.8 %
Risk-free interest rate (3)
4.1 %4.0 %3.4 %
Expected term of options (in years) (4)
4.14.24.2
Weighted-average grant-date fair value$7.98 $7.66 $6.42 
(1)    Represents the Company's estimated cash dividend yield over the expected term of option grant.
(2) Amount is determined based on analysis of historical price volatility of the Company's common stock. The expected volatility is based on the daily percentage change in the price of the stock over a period equal to the expected term of the option grant.
(3)    Represents the U.S. Treasury yield over the expected term of the option grant.
(4) Represents the period of time that options granted are expected to be outstanding. Based on analysis of historical option exercise activity, the Company has determined that all employee groups exhibit similar exercise and post-vesting termination behavior.
Schedule of Stock Option Activity
A summary of the status of the Company’s stock option plans at December 31, 2024, 2023 and 2022, and changes during the same periods are presented in the tables below.
 2024
 Shares
(000)
Wtd. Avg.
Ex. Price
Wtd. Avg. 
Remaining
Contract Life
Aggregate
Intrinsic 
Value
(000)
Outstanding at Beginning of Year4,387 $29 
Granted292 32 
Exercised(784)27 $5,714 
Forfeited(157)29 
Outstanding at End of Year3,738 30 2.4 years$4,784 
Exercisable at End of Year2,104 $29 1.8 years$3,625 

 2023
 Shares
(000)
Wtd. Avg.
Ex. Price
Wtd. Avg. 
Remaining
Contract Life
Aggregate
Intrinsic 
Value
(000)
Outstanding at Beginning of Year4,872 $28 
Granted768 30 
Exercised(1,023)31 $7,847 
Forfeited(230)29 
Outstanding at End of Year4,387 29 2.9 years$17,491 
Exercisable at End of Year1,942 $29 2.3 years$8,916 
 
 2022
 Shares
(000)
Wtd. Avg.
Ex. Price
Wtd. Avg. 
Remaining
Contract Life
Aggregate
Intrinsic 
Value
(000)
Outstanding at Beginning of Year4,535 $27 
Granted1,219 27 
Exercised(530)21 $4,065 
Forfeited(352)28 
Outstanding at End of Year4,872 28 3.1 years$8,928 
Exercisable at End of Year1,960 $26 2.4 years$5,864 
Schedule of Non-Vested Stock Option Activity
A summary of the status of the Company’s non-vested employee stock option activity for the years ended December 31, 2024, 2023, and 2022, are presented in the table below: 
 202420232022
 Shares
(000)
Wtd. Avg
Grant
Date
Fair Value
Shares
(000)
Wtd. Avg
Grant
Date
Fair Value
Shares
(000)
Wtd. Avg
Grant
Date
Fair Value
Nonvested Stock Options at Beginning of Year2,445 $2,913 $3,156 $
Granted293 768 1,219 
Vested(1,013)(1,056)(1,153)
Forfeited(91)(180)(309)
Nonvested Stock Options at End of Year1,634 $2,445 $2,913 $
Schedule of Restricted Shares
202420232022
Vesting Period(1)
Shares GrantedMarket Price at Grant DateShares GrantedMarket Price at Grant DateShares GrantedMarket Price at Grant Date
1 Year154,023 
28.73 - 36.12
142,314 
28.03 - 32.66
119,849 
23.84 - 29.89
2 Year127,778 
28.73 - 36.12
104,562 
28.03 - 32.66
82,538 
23.84 - 29.17
3 Years360,782 
28.73 - 36.12
302,569 
28.03 - 32.66
261,493 
23.84 - 30.85
4 Years303,563 
28.73 - 36.12
265,719 
28.03 - 32.66
260,149 
23.84 - 29.17
5 Years213,720 
28.73 - 36.12
184,900 
28.03 - 32.66
225,060 
23.84 - 29.17
1,159,866 
$28.73 - 36.12
1,000,064 
$28.03 - 32.66
949,089 
$23.84 - 30.85
(1) Each of these awards cliff vest after the restriction period with no additional restrictions.
Schedule of Employee Stock Purchase Plan The following table summarizes shares sold to employees under the 2022 and prior plan in the years ended December 31, 2024, 2023, and 2022:
Plan202420232022Cumulative Shares IssuedWeighted Average Fair Value 2024
2022 Employee Stock Purchase Plan201,032 194,241 94,111 489,384 $31.98 
Prior Employee Stock Purchase Plan— — 126,101 1,624,122 $—