Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Fair Value of Each Stock Option Award is Estimated on Grant Date, Using Option Valuation Models

The expected dividend yield is estimated based on the assumption that the dividend yield at date of grant will be maintained over the expected life of the grant.

	2023			2022			2021
Risk-free interest rate		3.69	%		1.64	%		0.68	%
Expected volatility		36	%		34	%		36	%
Expected life, in years		5.14			5.11			6.17
Expected dividend yield		0.95	%		0.95	%		1.10	%

Schedule of Stock Appreciation Rights Activity

Information regarding Time SAR and Performance SAR activity during 2023, 2022 and 2021 is summarized below (share amounts in thousands):

	Time SARs			Performance SARs			Total SARs			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value (dollars in millions)
SARs outstanding, December 31, 2020		7,836			819			8,655		$	91.53
Granted		877			—			877			174.98
Exercised		(2,443	)		(533	)		(2,976	)		67.57
Cancelled		(108	)		—			(108	)		138.32
SARs outstanding, December 31, 2021		6,162			286			6,448			113.15
Granted		570			—			570			236.00
Exercised		(660	)		(159	)		(819	)		90.84
Cancelled		(112	)		—			(112	)		182.87
SARs outstanding, December 31, 2022		5,960			127			6,087			126.38
Granted		580			—			580			253.49
Exercised		(1,156	)		(83	)		(1,239	)		95.29
Cancelled		(59	)		—			(59	)		202.05
SARs outstanding, December 31, 2023		5,325			44			5,369		$	146.46	5.5 years	$	667
SARs exercisable, December 31, 2023		3,748			44			3,792		$	118.67	4.5 years	$	576

Schedule of Restricted Stock Units Activity

Information regarding RSU and PSU activity during 2023, 2022 and 2021 is summarized below (share amounts in thousands):

	RSUs			PSUs			Total RSUs and PSUs			Weighted Average Grant Date Fair Value
RSUs and PSUs outstanding, December 31, 2020		2,476			2,592			5,068		$	125.40
Granted		899			689			1,588			174.34
Performance adjustment		—			684			684			102.02
Vested		(992	)		(1,772	)		(2,764	)		106.62
Cancelled		(192	)		(110	)		(302	)		149.07
RSUs and PSUs outstanding, December 31, 2021		2,191			2,083			4,274			150.32
Granted		611			455			1,066			235.71
Performance adjustment		—			699			699			138.45
Vested		(878	)		(1,399	)		(2,277	)		138.41
Cancelled		(140	)		(123	)		(263	)		183.86
RSUs and PSUs outstanding, December 31, 2022		1,784			1,715			3,499			179.18
Granted		609			479			1,088			253.85
Performance adjustment		—			697			697			144.42
Vested		(717	)		(1,393	)		(2,110	)		152.50
Cancelled		(125	)		(88	)		(213	)		217.78
RSUs and PSUs outstanding, December 31, 2023		1,551			1,410			2,961		$	214.71