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Equity Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
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 SARsWeighted-Average Exercise/Conversion PriceAggregate Intrinsic Value (in millions)
Outstanding as of December 31, 20231,870,582 $118.70 
Granted115,394 $187.92 
Exercised(413,798)$107.29 
Forfeited(11,785)$145.26 
Outstanding as of December 31, 20241,560,393 $126.67 $136 
Awards exercisable1,364,619 $123.61 $123 
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]
 Awards OutstandingAwards Exercisable
Range of Exercise PricesNumber Outstanding as
of 12/31/2024
Weighted-Average
Remaining
Contractual Life (years)
Weighted-
Average Exercise
Price
Number
Exercisable as of
12/31/2024
Weighted-Average
Exercise Price
$90.00 – $109.99
429,937 4.2$99.93 369,545 $98.86 
$110.00 – $129.99
629,326 5.0$122.74 629,326 $122.74 
$130.00 – $149.99
270,809 5.9$142.30 211,351 $143.42 
$150.00 +
230,321 6.1$168.93 154,397 $159.30 
Totals1,560,393 5.1$126.67 1,364,619 $123.61 
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 granted:
For the years ended December 31,202420232022
Dividend yield1.84 %2.31 %2.74 %
Risk-free rate of return4.33 %4.15 %2.41 %
Expected volatility38.3 %37.1 %36.0 %
Expected life (in years)6.06.36.3
Weighted-average exercise price of stock options granted$185.28 $138.34 $106.53 
Weighted-average fair value of stock options granted$67.95 $47.20 $30.55 
Share-based Payment Arrangement, Activity [Table Text Block]
The following table presents a summary of Performance Units and Restricted Stock Units activity:
  
Performance Units (1)
Restricted Stock Units
Outstanding as of December 31, 2023359,551 417,306 
Granted116,883 95,566 
Paid(100,158)(102,632)
Forfeited(13,814)(15,841)
Outstanding as of December 31, 2024362,462 394,399 
(1)Performance Unit amounts above represent the number of Performance Units to be issued at target performance and do not reflect potential increases or decreases that may result from the performance factor. At December 31, 2024, the performance period for the 2022 – 2024 Performance Share grants was completed, but the performance factor had not yet been determined. Included in the above table are 74,536 outstanding Performance Units to which the 2022 – 2024 performance factor will be applied.