Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Stock-based compensation

Schedule of Compensation Expense

Stock-based compensation expense is primarily included in selling and administrative expenses in the Condensed Consolidated Statements of Earnings and is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2017		2016		2017		2016
Total pre-tax stock-based compensation	$	5.2	$	4.1	$	15.9	$	12.7

Schedule of Stock-based Payment Award Grants

The Company awarded the following stock-based compensation grants:

	Nine Months Ended September 30, 2017
Stock options	364,675
Restricted stock	65,637
Performance shares	47,285
Restricted stock units	12,952

Schedule of weighted-average assumptions for stock options

The weighted-average assumptions used in the determination of fair value for stock option awards in 2017 and 2016 were as follows:

	2017			2016
Expected dividend yield	1.3		%	1.4		%
Expected life in years	5.58			5.61
Expected volatility	25.6		%	27.5		%
Risk-free interest rate	1.9		%	1.4		%
Weighted-average fair value per share	$	24.57		$	19.30

Stock options

Stock-based compensation

Schedule of Compensation Expense

Stock-based compensation expense related to stock options were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2017		2016		2017	2016
Pre-tax stock-based compensation	$	2.1	$	1.6	5.9	4.6