Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Weighted Averages of the Assumptions Used in Estimating the Fair Value of Stock Option Awards

The weighted averages of the valuation assumptions used to determine the fair value of each option award on the date of grant and the weighted average estimated fair values were as follows:

	For the Six Months Ended June 30,
	2023			2022
Expected stock price volatility	32		%	30		%
Expected term, in years	6.7			6.4
Risk-free interest rate	3.7		%	2.0		%
Weighted average fair value of options granted	$	201.37		$	167.25