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Long-term Equity-based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The assumptions used in the Black-Scholes pricing model for Tandem Awards granted during the years ended December 31, 2024, 2023 and 2022 are presented below.
202420232022
RANGE OF VALUATION ASSUMPTIONS
Expected Volatility34.49 %-38.21 %35.12 %-39.27 %33.20 %-37.67 %
Risk-free Interest Rate3.83 -4.02 3.47 -4.74 1.20 -4.33 
Expected Dividend Yield1.95 -2.15 1.55 -2.39 1.59 -2.25 
WEIGHTED-AVERAGE EXPECTED LIFE IN YEARS
Employee Grants4-64-64-6
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
Tandem Award activity for the year ended December 31, 2024 is presented below.
Shares
Subject to
Awards
Weighted-
average
Exercise Price
Per Share ($)
Weighted-
average
Remaining
Contractual
Life (in Years)
Aggregate
Intrinsic
Value
($ In Millions)
Outstanding at Beginning of the Year2,373,319 $59.27 
Granted240,412 57.99 
Exercised(88,989)52.47 
Forfeited or Expired(168,962)69.93 
Outstanding at December 31, 20242,355,780 $58.62 4.91$24.6 
Vested and Expected to Vest at December 31, 20242,328,720 $58.66 4.88$24.3 
Exercisable at December 31, 20241,874,676 $59.13 4.03$19.9 
Schedule of Options Outstanding
Information pertaining to Tandem Awards outstanding at December 31, 2024 is presented below.
OutstandingExercisable
Range of Exercise Prices ($)Shares
Subject to
Awards
Weighted-
average
Exercise Price
Per Share ($)
Weighted-
average
Remaining
Contractual
Life (in Years)
Shares
Subject to
Awards
Weighted-
average
Exercise Price
Per Share ($)
$20.01 -30.00 103,731 $27.71 1.16103,731 $27.71 
30.01 -40.00 64,219 33.11 0.9864,219 33.11 
40.01 -50.00 326,945 42.62 1.93320,220 42.52 
50.01 -60.00 1,064,337 56.48 6.50602,879 56.40 
60.01 -70.00 274,361 68.94 5.69261,440 69.21 
70.01 -80.00 502,599 76.61 4.33502,599 76.61 
80.01 -90.00 19,588 83.42 4.7719,588 83.42 
20.01 -90.00 2,355,780 58.62 4.911,874,676 59.13 
Schedule of Share-based Compensation, Nonemployee Director Deferred Stock Unit Award Plan, Activity
Activity related to DSU awards for the year ended December 31, 2024 is presented below.
Number of DSUsWeighted-
average
Grant-date
Fair Value
Per DSU
Vested Balance at Beginning of the Year28,380 $46.07 
Reduction for Shares Issued on Conversion(15,440)42.94 
Vested Balance at December 31, 2024
12,940 $49.80 
Time Vested Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units and Performance Stock Units Activity
Activity related to nonvested RSUs for the year ended December 31, 2024 is presented below.
Time-based Restricted Stock Unit Awards
Number of Restricted Stock Units Weighted-
average
Grant-date
Fair Value
Per Unit
Nonvested Balance at Beginning of the Year568,316 $54.77 
Granted448,121 57.94 
Vested(359,874)54.06 
Forfeited(70,831)57.44 
Nonvested Balance at December 31, 2024
585,732 $57.34 
Performance Based Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units and Performance Stock Units Activity
Activity related to nonvested PSU awards for the year ended December 31, 2024 is presented below.
PSU Awards
Number of PSUsWeighted-
average
Grant-date
Fair Value
Per PSU
Nonvested Balance at Beginning of the Year581,307 $63.82 
Granted208,294 64.83 
Vested— — 
Forfeited(253,075)70.69 
Nonvested Balance at December 31, 2024
536,526 $60.99