Equity Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table presents a summary of options and SARs activity:

	Number of Options and SARs	Weighted-Average Exercise/Conversion Price		Aggregate Intrinsic Value (in millions)
Outstanding at December 31, 2021	2,222,714	$	107.39
Granted	258,327	$	106.53
Exercised	(251,305)	$	64.79
Forfeited	(8,449)	$	124.29
Outstanding at December 31, 2022	2,221,287	$	112.05	$	68.7
Awards exercisable	1,818,128	$	111.35	$	57.8

Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

	Awards Outstanding				Awards Exercisable
Range of Exercise Prices	Number Outstanding as of 12/31/2022	Weighted-Average Remaining Contractual Life (years)	Weighted- Average Exercise Price		Number Exercisable as of 12/31/2022	Weighted-Average Exercise Price
$50.00 – $89.99	145,026	0.8	$	70.87	145,026	$	70.87
$90.00 – $99.99	688,154	2.8	$	92.56	688,154	$	92.56
$100.00 – $139.99	1,045,417	7.4	$	118.87	642,258	$	121.18
$140.00 +	342,690	5.7	$	147.80	342,690	$	147.80
Totals	2,221,287	5.3	$	112.05	1,818,128	$	111.35

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following table presents the weighted average assumptions used to determine the fair value of SARs issued:

For the years ended December 31,	2022			2021			2020
Dividend yield	2.74		%	2.17		%	2.37		%
Risk-free rate of return	2.41		%	1.04		%	0.69		%
Expected volatility	36.0		%	34.5		%	18.8		%
Expected life (years)	6.3			6.3			7.0
Weighted average exercise price of stock options granted	$	106.53		$	129.01		$	117.85
Weighted average fair value of stock options granted	$	30.55		$	34.93		$	15.14

Share-based Payment Arrangement, Activity [Table Text Block]

The following table presents a summary of Performance Share and Restricted Stock Unit activity:

	Performance Contingent Awards	Restricted Stock Units
Outstanding at December 31, 2021	340,405	379,888
Granted	78,687	219,553
Change in units based on performance factor	(172,601)	—
Paid	—	(21,552)
Forfeited	(1,511)	(11,454)
Outstanding at December 31, 2022 (1)	244,980	566,435

(1)Amount outstanding at December 31, 2022, includes the amount of shares to be issued under RSUs expected to vest and number of shares to be issued under performance continent awards at target performance. The amount of shares do not reflect potential increases or decreases that may result from the performance factor results except for the 2020 – 2022 grants which vested as of December 31, 2022.