Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Total Share-based Incentive Compensation Expense

The table below shows our total share-based incentive compensation expense:

	Three Months Ended March 31,
(In millions)	2024		2023
Total share-based incentive compensation expense(1)	$	8.7	$	18.0

(1)The amounts presented above do not include the expense related to our U.S. profit sharing contributions made in the form of our common stock. However, the amounts include the expense related to share-based awards that are settled in cash.

Number of PSUs Granted and Grant Date Fair Value of PSUs

The target number of PSUs granted and the grant date fair value of the PSUs are shown in the following table:

	Adjusted EBITDA CAGR		ROIC
February 21, 2024 grant date
Number of units granted	50,340		50,340
Fair value on grant date (per unit)	$	41.09	$	41.09
March 1, 2024 grant date
Number of units granted	22,692		22,692
Fair value on grant date (per unit)	$	39.49	$	39.49

Summary of Assumptions Used to Calculate the Grant Date Fair Value

The assumptions used to calculate the grant date fair value of the PSUs are shown in the following table:

	February 21, 2024 grant date		March 1, 2024 grant date
Expected price volatility	31.7	%	31.9	%
Risk-free interest rate	4.4	%	4.3	%