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Stock-Based Compensation Plans (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Stock-Based Compensation Plans    
Schedule of stock-based awards granted under the Stock-Based Compensation Plans

    

For the six months ended June 30,

2024

    

2023

(in millions)

Compensation cost

$

14.4

$

12.8

Related income tax benefit

2.9

2.5

Capitalized as part of an asset

0.7

0.8

For the year ended December 31, 

    

2023

    

2022

    

2021

(in millions)

Compensation cost

$

25.3

$

22.2

$

25.2

Related income tax benefit

5.1

 

4.6

 

4.3

Capitalized as part of an asset

1.1

 

1.2

 

1.4

Summary of the assumptions used in this model for the stock options granted  

For the year ended December 31, 

 

Options

    

2023

    

2022

    

2021

 

Expected volatility

%  

%  

34.2

%

Expected term (in years)

7.0

Risk-free interest rate

%  

%  

1.2

%

Expected dividend yield

%  

%  

3.82

%

Weighted average estimated fair value

$

$

$

15.67