XML 56 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1
Equity (Tables)
12 Months Ended
Dec. 31, 2024
Equity  
Schedule of stock option activity

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Weighted

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Average

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Aggregate

 

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Weighted

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Remaining

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Intrinsic

 

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Average

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Contractual

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Value

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Options

    

Exercise Price

    

Term (in years)

    

(in millions)

 

Options outstanding at January 1, 2022

 

130,601,496

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$

21.00

 

6.47

​

​

​

​

Options granted

 

14,181,596

​

 

34.47

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​

​

​

​

​

Options exercised

 

(11,254,778)

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16.44

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​

​

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Options forfeited

 

(1,258,240)

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25.91

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​

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Options outstanding at December 31, 2022

 

132,270,074

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22.78

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6.03

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Options granted

 

12,131,028

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37.99

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​

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Options exercised

 

(22,506,662)

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17.55

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Options forfeited

 

(1,114,116)

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29.16

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Options outstanding at December 31, 2023

 

120,780,324

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25.23

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5.81

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Options granted

 

8,075,819

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65.67

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Options exercised

 

(22,523,753)

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19.83

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Options forfeited

 

(628,199)

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36.21

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Options outstanding at December 31, 2024

 

105,704,191

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$

29.40

​

5.53

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$

4,233.2

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Vested and non-vested options expected to vest at December 31, 2024

 

103,031,174

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$

29.05

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5.47

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$

4,162.6

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Exercisable options at December 31, 2024

 

70,156,937

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$

23.65

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4.45

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$

3,213.5

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Summary of status of non-vested options and changes during the year

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Weighted Average

 

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Fair Value

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​

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Options

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at Grant Date

 

Non-vested options at January 1, 2024

 

45,047,962

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$

7.28

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Options granted

 

8,075,819

​

 

19.33

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Options vested

 

(16,961,552)

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5.88

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Options forfeited

 

(614,975)

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9.23

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Non-vested options at December 31, 2024

 

35,547,254

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$

10.66

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Summary of activity in the option plans

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2024

    

2023

    

2022

Total intrinsic value of stock options exercised

$

980.3

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$

559.6

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$

245.1

Total fair value of stock options vested

 

99.7

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90.0

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79.9

Schedule of fair value of stock options estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions

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2024

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2023

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2022

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Risk free interest rate

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4.4

%  

3.8

%  

2.7

%  

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Expected life

 

4.9

years

4.9

years

4.8

years

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Expected volatility

 

28.0

%  

28.0

%  

25.9

%  

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Expected dividend yield

 

1.0

%  

1.0

%  

1.0

%  

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Schedule of restricted stock activity

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Weighted Average

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Fair Value

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Remaining

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Restricted

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at Grant

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Amortization

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Shares

    

Date

    

Term (in years)

 

Restricted shares outstanding at January 1, 2022

 

42,122

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$

33.46

 

0.38

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Restricted shares granted

 

42,624

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33.80

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Shares vested and issued

 

(42,122)

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33.46

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Restricted shares outstanding at December 31, 2022

 

42,624

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33.80

    

0.37

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Restricted shares granted

 

—

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—

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Shares vested and issued

 

(42,624)

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33.80

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Restricted shares outstanding at December 31, 2023

    

—

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—

    

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Restricted shares granted

 

21,840

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65.96

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Shares vested and issued

 

—

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—

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Restricted shares outstanding at December 31, 2024

    

21,840

    

$

65.96

    

0.36

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Schedules of dividends

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2024

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2023

​

2022

First Quarter

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$

0.11

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$

0.105

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$

0.10

Second Quarter

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​

0.11

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​

0.105

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​

0.10

Third Quarter

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​

0.165

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​

0.105

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​

0.10

Fourth Quarter

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​

0.165

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​

0.11

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​

0.105

Total

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$

0.55

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$

0.425

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$

0.405

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Dividends declared and paid for the years ended December 31, 2024, 2023 and 2022 were as follows:

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2024

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2023

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2022

Dividends declared

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$

662.9

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$

507.4

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$

482.6

Dividends paid (including those declared in the prior year)

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595.1

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500.6

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477.4

Schedule of components comprising Accumulated other comprehensive income (loss) included in equity

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Foreign

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Unrealized

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Pension and

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Accumulated

 

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Currency

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Gain (Loss)

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Postretirement

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Other

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Translation

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on Hedging

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Benefit Plan

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Comprehensive

 

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Adjustments

    

Activities

    

Adjustment

    

(Loss) Income

 

Balance at January 1, 2022

​

$

(152.8)

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$

0.1

​

$

(133.8)

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$

(286.5)

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Other comprehensive income (loss) before reclassifications, net of tax of nil, nil and ($0.4), respectively

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(260.2)

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(0.1)

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(1.4)

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(261.7)

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Amounts reclassified from Accumulated other comprehensive income (loss) to earnings, net of tax of ($4.3)

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—

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—

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13.2

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13.2

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Balance at December 31, 2022

​

 

(413.0)

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—

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(122.0)

​

 

(535.0)

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Other comprehensive income (loss) before reclassifications, net of tax of nil, nil and $1.1, respectively

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​

0.3

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—

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(2.0)

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(1.7)

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Amounts reclassified from Accumulated other comprehensive income (loss) to earnings, net of tax of ($1.0)

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—

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—

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3.1

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3.1

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Balance at December 31, 2023

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(412.7)

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—

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(120.9)

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(533.6)

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Other comprehensive income (loss) before reclassifications, net of tax of nil, nil and ($5.2), respectively

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​

(199.3)

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—

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13.1

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​

(186.2)

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Amounts reclassified from Accumulated other comprehensive income (loss) to earnings, net of tax of ($1.1)

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​

—

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—

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3.5

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​

3.5

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Balance at December 31, 2024

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$

(612.0)

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$

—

​

$

(104.3)

​

$

(716.3)

​