Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Changes in Stock Options

The following table presents stock option activity for the year ended December 31, 2024:


		Number of shares (thousands)				Weighted-average exercise price
Option shares outstanding, December 31, 2023			6.2			$	48.86
Option shares exercised			(6.2	)		$	48.86
Option shares outstanding, December 31, 2024			-			$	-
Option shares exercisable, vested and expected to vest, December 31, 2024			-			$	-

Schedule of Information Related to Stock Option Exercises

The following table presents information related to stock option exercises:


		2024				2023				2022
Total intrinsic value of stock options exercised		$	0.3			$	1.3			$	1.3
Cash proceeds received from stock options exercised			1.4				0.2				1.8
Tax deduction realized from stock options exercised			0.1				0.3				0.1

Schedule of Restricted Stock and Restricted Stock Units Activity

e also granted non-vested stock awards in the form of Restricted Stock Units (“RSUs”) and Performance Stock Units (“PSUs”). A summary of the 2024 activity related to the RSUs and PSUs is as follows:


		Non-Vested Stock Awards
		RSUs								PSUs
		Number of shares (thousands)				Weighted- average fair value at grant date				Number of shares (thousands)				Weighted- average fair value at grant date
December 31, 2023			205.4			$	75.56				308.5			$	98.44
Granted			68.8				124.10				65.7				140.44
Performance adjustments			-				-				(0.2	)			(102.16	)
Vested			(33.7	)			(82.29	)			(103.9	)			(104.75	)
Forfeited			(8.7	)			(89.80	)			(9.1	)			(100.83	)
December 31, 2024			231.8			$	88.46				261.0			$	108.09

ScheduleOfShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsValuationAssumptionsTableTextBlock


		2024				2023
Weighted-average grant date fair value of market-based PSUs granted (dollars per award)		$	164.22			$	121.69
Assumptions
Risk-free rate of return			4.4	%			4.5	%
Expected volatility			27.7	%			38.7	%
Expected term (in years)			3.1				3.1
Expected dividend yield			0.0	%			0.0	%