Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Awards Granted

During the first nine months of 2022, the Committee granted the following awards from the 2020 Long-Term Plan:

2020 Long-Term Incentive Plan

Type of Award	Number of Awards Granted	Grant Date	Grant Date Fair Value		Valuation Methodology
Performance Based RSUs 1	580,600	February 1, 2022	$	47.37	Monte Carlo
Performance Based RSUs 1	15,100	July 1, 2022	$	37.77	Monte Carlo
Time Based RSUs 2	273,400	February 1, 2022	$	32.12	Average Stock Price
Time Based RSUs 2	5,000	July 1, 2022	$	29.80	Average Stock Price
Cash Settled RSUs 3	674,300	February 1, 2022	$	32.12	Average Stock Price

1 Performance based RSUs are scheduled to vest over a three year performance period.

2 Time based RSUs are generally scheduled to vest over three years from the date of grant.

3 Cash settled RSUs are generally scheduled to vest over three years from the date of grant.

During the first nine months of 2022, the Committee granted the following awards to Non-Employee Directors:

2021 Stock Plan for Non-Employee Directors

Type of Award	Number of Awards Granted	Grant Date	Grant Date Fair Value		Valuation Methodology
Time Based RSUs 1	73,092	February 2, 2022	$	32.84	Closing Stock Price

1 Non-employee directors time-based RSUs are scheduled to vest in February 2023.

Share-Based Plans, Amounts Recognized in the Financial Statements

Amounts recognized in the financial statements with respect to share-based plans are shown in the following table:

	Nine Months Ended September 30,
(Thousands of dollars)	2022		2021
Compensation charged against income before tax benefit	$	43,216	29,145
Related income tax benefit recognized in income	6,872		4,120